Magenta Ev Solutions Mumbai Payroll Executive Salaries by 3 Employees

4 - 6 years exp.

₹4.2 Lakhs - ₹6.4 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

45% more than the average Payroll Executive Salary for 4 - 6 years of experience

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Last Updated: 27 Mar 2024

Companies similar to Magenta Ev Solutions for Payroll Executive in Mumbai

Magenta Ev Solutions Payroll Executive Salary

4 - 6 years exp. (3 salaries)

₹4.2 L/yr - ₹6.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Wipro Payroll Executive Salary 1 - 4 years exp. (17 salaries)	₹2.2 L/yr - ₹4.2 L/yr 34% less
Larsen & Toubro Limited Payroll Executive Salary 0 - 4 years exp. (20 salaries)	₹1.8 L/yr - ₹3.5 L/yr 50% less
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Accenture Payroll Executive Salary 2 - 7 years exp. (9 salaries)	₹2.7 L/yr - ₹5.4 L/yr 14% less
Kotak Mahindra Bank Payroll Executive Salary 1 - 6 years exp. (6 salaries)	₹3.5 L/yr - ₹5.5 L/yr 23% less
Reliance Industries Payroll Executive Salary 1 - 4 years exp. (5 salaries)	₹3.1 L/yr - ₹4 L/yr 30% less
TCS Payroll Executive Salary 1 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹3.5 L/yr 36% less

Payroll Executive salary at Magenta Ev Solutions ranges between ₹4.2 Lakhs to ₹6.4 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Magenta Ev Solutions.

Experience wise Magenta Ev Solutions Payroll Executive salaries in Mumbai

Last Updated: 27 Mar 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for Magenta Ev Solutions

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.

see more salary related reviews

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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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Magenta Ev Solutions Payroll Executive Salary FAQs

How the salary growth look like for a Payroll Executive at Magenta Ev Solutions in Mumbai?

The salary growth for a Payroll Executive at Magenta Ev Solutions in Mumbai depends on factors such as experience, performance, and promotions. On average, a Payroll Executive in Mumbai can expect the following growth trajectory at Magenta Ev Solutions:

Experience	Average Salary Range
4 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
5 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Magenta Ev Solutions Payroll Executive Salaries in Mumbai

Magenta Ev Solutions Payroll Executive salary in Mumbai ranges between ₹4.2 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magenta Ev Solutions latest salaries received from various employees of Magenta Ev Solutions.