M Tech Innovations new Product Development Engineer Salaries by 5 Employees

2 - 5 years exp.

₹2.6 Lakhs - ₹5.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

16% less than the average new Product Development Engineer Salary in Electronics Manufacturing Companies for 2 - 5 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering new Product Development Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹5.4 L/yr
Quality Assurance new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Research & Development new Product Development Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr

Last Updated: 15 Mar 2023

Companies similar to M Tech Innovations for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Amphenol Omniconnect - India new Product Development Engineer Salary 0 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹4.2 L/yr 27% less
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 18% more
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L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 2% less
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 10% more
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 27% less

new Product Development Engineer salary at M Tech Innovations ranges between ₹2.6 Lakhs to ₹5.4 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of M Tech Innovations.

Experience wise M Tech Innovations new Product Development Engineer salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
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4 years (3 salaries)	₹2.6 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.4 L/yr

Similar Designation salaries in M Tech Innovations

Product Development Engineer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Development Engineer Salary

(10 salaries)

₹1.95 L/yr - ₹4.8 L/yr

Production Engineer Salary

(12 salaries)

₹2.2 L/yr - ₹4.1 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Production Manager Salary

(3 salaries)

₹4 L/yr - ₹12 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹1.5 L/yr - ₹2 L/yr

Software Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4 L/yr

Production Supervisor Salary

(15 salaries)

₹2 L/yr - ₹3.6 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Salary related reviews for M Tech Innovations

2.0

Rated by 1 employees for salary & benefits

Assistant Management Representative in Pune

Full Time

Quality Assurance Department

1.0

• posted on 02 Mar 2023

1.0

for Salary and Benefits

Likes

Nothing To Like Except If you need to learn 1990 systems and Old Process You may join.

Dislikes

...lking. Its kind of Torture to work here. Management didn't respect your efforts. No on time salary, No any Appreciations. And every time they are ready to cut off your salary. If you are late due to system issue in that case also they will cut your salary. MD has no sense to run Company he literary don't care. If you are not feeling well or There is something happened with you he just need his work done. No job Security at all. If MD thinks that your work is done in company and current work should be handled by other person who is already over occupied then you are going to loose your job by hook or by crook.

Salary - Bad

+6 more

Embedded Engineer in Pune

Full Time

Engineering - Software & QA Department

1.0

• posted on 15 Jul 2021

1.0

for Salary and Benefits

Likes

There is nothing to like here.

Dislikes

...n hour just there is no core work. We have to work to satisfty this person only. There is no any compensation of your hard work.

Salary - Bad

+6 more

System Administrator in Pune

Full Time

Engineering - Hardware & Networks Department

2.0

• posted on 08 Aug 2020

1.0

for Salary and Benefits

Likes

Get to learn many things.

Job security - Good

Dislikes

...ystem Administrator and always on toes to cut off salary of employees in anyway.Never pay monthly salary on time And also cut many of your money while leaving the company.

Salary - Bad

+3 more

Dto Office, Sawai Madhopur

Customer Success, Service & Operations Department

5.0

• posted on 21 Aug 2019

3.0

for Salary and Benefits

Likes

Job working according salary is very low.. I want to salary engreemant very arsent..... Please request sir

Skill development - Excellent

+1 more

Dislikes

Job location and working job is very nice working hard and honestly people. I like this job.

Company culture - Bad

Ciso in Pune

IT Department

1.0

• posted on 17 Aug 2017

1.0

for Salary and Benefits

Likes

Nothing to be like

Dislikes

Company management not proper,unable to provide better environment to employee..Rude seniors,late salary,No career growth as they are using old technology,so many meeting but no output because of poor management

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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M Tech Innovations new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at M Tech Innovations ?

The average salary of a new Product Development Engineer at M Tech Innovations in India typically ranges from ₹2.6 Lakhs to ₹5.4 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of new Product Development Engineer at M Tech Innovations earn more than ₹5.4 Lakhs per year, and the top 1% earn over ₹5.4 Lakhs per year. new Product Development Engineer Salaries at M Tech Innovations can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 M Tech Innovations employees in India.

What is the estimated take home salary of a new Product Development Engineer at M Tech Innovations in India?

The estimated take-home salary of a new Product Development Engineer at M Tech Innovations in India typically ranges from ₹24,804 to ₹26,246 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹5.4 Lakhs per year for employees with experience ranging from 2 years to 5 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of M Tech Innovations. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than M Tech Innovations for new Product Development Engineer in India?

INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
JBM Group	₹1.8 Lakhs to ₹5.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by M Tech Innovations, depending on the role and experience level.

What is the salary of a new Product Development Engineer in companies similar to M Tech Innovations in India?

The salary of a new Product Development Engineer at companies similar to M Tech Innovations in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year
Wadhokar	₹1.5 Lakhs to ₹4.0 Lakhs per year
Amphenol Omniconnect - India	₹1.5 Lakhs to ₹4.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a new Product Development Engineer at M Tech Innovations in India?

The salary growth for a new Product Development Engineer at M Tech Innovations depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at M Tech Innovations:

Experience	Average Salary Range
2 years	₹1.0 Lakhs to ₹3.3 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.4 Lakhs per year
4 years	₹2.6 Lakhs to ₹4.3 Lakhs per year
5 years	₹1.8 Lakhs to ₹5.4 Lakhs per year

and so on.

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M Tech Innovations new Product Development Engineer Salaries

M Tech Innovations new Product Development Engineer salary in India ranges between ₹2.6 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 M Tech Innovations latest salaries received from various employees of M Tech Innovations.