Lico Materials Salaries by 50+ Employees (Updated 2024)

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Production, Manufacturing & Engineering Quality Assurance Finance & Accounting Sales & Business Development + 1 more

Designation	Avg Annual Salary	Open Jobs
Executive 6 - 7 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Senior Executive 3 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
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Production Operator 1 - 3 years exp. (4 salaries)	₹2.4 L/yr - ₹2.9 L/yr
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Fitter 3 - 13 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr
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ITI Fitter 1 year exp. (AmbitionBox Estimate)	₹0.2 L/yr - ₹0.2 L/yr
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Maintenance Fitter 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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Machine Operator and Maintenance 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Salary related reviews for Lico Materials

3.2

Rated by 11 employees for salary & benefits

Production Officer in Navi Mumbai

Full Time

Quality Assurance Department

1.0

• posted on 04 Mar 2024

4.0

for Salary and Benefits

Likes

The only benifit is good salary

Dislikes

...hat polluted area & ready to get mental harrased only then go to lico materials. and btw becouse of i left company in middle of the month the holded my salary LOL that much they harras someone.

Assistant Manager in Taloja MIDC

Full Time

Sales & Business Development Department

1.0

• posted on 16 May 2023

1.0

for Salary and Benefits

Likes

Salary is the only thing makes me happy

Dislikes

No HR Policy Every one can Access CEO(can discuss any thing irrespective of department) Local HR is a Worst Messenger. QA and Subordinate are horrible. They don't have focus on the Business they use business people for different purposes. Attrition rate is huge.

Assistant Manager in Taloja

Full Time

Marketing & Communication Department

1.0

• posted on 30 Jul 2023

5.0

for Salary and Benefits

Likes

Salary is the only happy thing here.

Dislikes

Production Operator in Panvel

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 08 Feb 2024

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

Here, operators need to do whatever the some senior says. Despite having diploma and i.t.i qualification. they ask to draw water from A.C. outdoor, they ask to dig the soil and put the name plates of the trees, floor cleaning and many more work they said. they think operators have roles like 1) Operator 2) Supervisor 3) Helper 4) housekeeping 5) mathadi (loading) and various other roles.

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Lico Materials Salary FAQs

What is the minimum salary in Lico Materials?

Minimum salary at Lico Materials depends on the role you are applying for. For Production Operator the minimum salary is ₹2.4 Lakhs to ₹2.9 Lakhs per year, and for Fitter the minimum salary is ₹2.4 Lakhs to ₹3 Lakhs per year and so on.

What is the notice period at Lico Materials?

According to AmbitionBox, 39% of the Lico Materials employees reported a notice period of 1 Month, 29% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 41 responses on AmbitionBox in last 2 years.

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Lico Materials Salaries by Location

Lico Materials Salaries by Department

Average annual salary in Lico Materials is INR . Salary estimates are based on 54 Lico Materials latest salaries received from various employees of Lico Materials.