Magenta Ev Solutions Mumbai Salaries by 50+ Employees (Updated 2025)

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Human Resources Research & Development Procurement & Supply Chain Project & Program Management + 2 more

Designation	Avg Annual Salary	Open Jobs
Production Manager 12 - 14 years exp. · Mumbai (3 salaries)	₹8.3 L/yr - ₹9.3 L/yr
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Payroll Executive 4 - 6 years exp. · Mumbai (3 salaries)	₹4.2 L/yr - ₹6.4 L/yr
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Lead Procurement Engineer 9 - 11 years exp. · Mumbai (3 salaries)	₹7 L/yr - ₹7.5 L/yr
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Assistant Sales Manager 4 - 5 years exp. · Mumbai (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
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Senior Sales Engineer 5 - 6 years exp. · Mumbai (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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Program Manager 6 years exp. · Mumbai (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
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Embedded Design Engineer 1 - 2 years exp. · Mumbai (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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Product Design Engineer 3 - 5 years exp. · Mumbai (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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Head Human Resources 18 - 20 years exp. · Mumbai (AmbitionBox Estimate)	₹15.5 L/yr - ₹19.8 L/yr
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Senior Embedded Design Engineer 9 - 10 years exp. · Mumbai (AmbitionBox Estimate)	₹9.4 L/yr - ₹12.1 L/yr
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Sales Executive 2 years exp. · Mumbai (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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Procurement Lead 6 years exp. · Mumbai (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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Senior Executive - Finance 6 years exp. · Mumbai (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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Hsse Manager 12 years exp. · Mumbai (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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HUB Supervisor 5 years exp. · Mumbai (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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Full Stack Developer 5 years exp. · Mumbai (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr
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Finance Manager 4 years exp. · Mumbai (AmbitionBox Estimate)	₹22.8 L/yr - ₹29.2 L/yr
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Senior Accounts Executive 5 years exp. · Mumbai (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
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Service Leader 1 year exp. · Mumbai (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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Senior Manager Legal 13 years exp. · Mumbai (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
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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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Salary related reviews for Magenta Ev Solutions

2.7

Rated by 5 employees for salary & benefits

Associate Talent Acquisition in Navi Mumbai

Full Time

Human Resources Department

2.0

• posted on 09 Sep 2023

3.0

for Salary and Benefits

Likes

Salaries on time

Dislikes

The entire management is never true to their words, commitments, or discussions, resulting in job insecurity. Magenta creates a toxic work environment that may ultimately compel you to resign, but according to them, they never follow the hire and fire system.

Skill development - Poor

+4 more

Key Account Manager (working remotely)

Full Time

Sales & Business Development Department

1.0

• posted on 28 Jul 2023

1.0

for Salary and Benefits

Likes

Only Founders and Company's vision for a greener earth which encouraged me to join Magenta.

Dislikes

I had worst experience with the company due to below 3 reasons : - 1. Incorrect communications before joining. 2. No job security. 3. Internal politics. 4. No proper training to new joiners. 5. Company takes any decision over a night which directly impacts the employees.

Salary - Bad

+6 more

Hsse in Mumbai

Full Time

Environment Health & Safety Department

1.0

• posted on 09 Mar 2024

1.0

for Salary and Benefits

Likes

nothing.

Dislikes

the company lacks professionalism entirely, and the management appears to adopt a questionable approach by targeting employees without valid reason and pressuring them to resign, arrogance characterized the prevailing atmosphere making it one of the worst companies to work for.

Salary - Bad

+6 more

Project Lead in Bangalore / Bengaluru

Project & Program Management Department

5.0

• posted on 12 Jun 2022

5.0

for Salary and Benefits

Likes

One thing I like and enjoy working in MEVS is you get a chance to take ownership and deliver as per your potential. Also, the management listen to your views and ideas which ultimately makes you feel valuable.

Salary - Excellent

+6 more

Dislikes

Nothing, the company is growing in best possible way.

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Magenta Ev Solutions interview questions by designations

Station Manager (1)HR Generalist (1)Senior Executive Talent Acquisition (1)

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Magenta Ev Solutions Salary FAQs

How much does Magenta Ev Solutions pay to its employees?

The average annual salary at Magenta Ev Solutions varies depending on the role, experience, and location. The salary ranges for some popular designations at Magenta Ev Solutions, are as follows:

Production Manager	₹8.3 Lakhs to ₹9.3 Lakhs per year
Payroll Executive	₹4.2 Lakhs to ₹6.4 Lakhs per year
Lead Procurement Engineer	₹7 Lakhs to ₹7.5 Lakhs per year
Assistant Sales Manager	₹7.7 Lakhs to ₹9.8 Lakhs per year

The highest-paying role, Procurement Manager , earns between ₹7.2 Lakhs to ₹12 Lakhs per year. The top 10% of employees earn more than ₹14 Lakhs per year, and the top 1% earn over ₹50 Lakhs per year. Salaries at Magenta Ev Solutions 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 salary estimates are based on data from 54 salaries submitted by Magenta Ev Solutions employees. Magenta Ev Solutions is rated 2.7 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in Magenta Ev Solutions , Mumbai is INR . Salary estimates are based on 50+ Magenta Ev Solutions latest salaries received from various employees of Magenta Ev Solutions.