Magna Electro Castings Purchase Officer Salaries by 4 Employees (Updated 2024)

5 - 17 years exp.

₹4.6 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

18% more than the average Purchase Officer Salary in Iron & Steel Companies for 5 - 17 years of experience

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Last Updated: 12 Nov 2024

Companies similar to Magna Electro Castings for Purchase Officer

Company name	Avg Annual Salary	Open Jobs
Welspun Corp Purchase Officer Salary 2 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹4 L/yr 26% less
Bharat Forge Purchase Officer Salary 2 - 9 years exp. (3 salaries)	₹4.5 L/yr - ₹5.8 L/yr 2% more
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Jindal Steel and Power Purchase Officer Salary 8 - 9 years exp. (3 salaries)	₹6 L/yr - ₹7 L/yr 38% more
Tata Steel Purchase Officer Salary 1 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹4.5 L/yr 31% less
Hindalco Industries Purchase Officer Salary 1 - 17 years exp. (13 salaries)	₹4 L/yr - ₹9.5 L/yr 23% more
JSW Steel Purchase Officer Salary 1 - 14 years exp. (13 salaries)	₹2.7 L/yr - ₹8 L/yr 30% more
BHEL Purchase Officer Salary 10 - 31 years exp. (6 salaries)	₹10 L/yr - ₹14.5 L/yr 147% more
Siemens Purchase Officer Salary 1 - 5 years exp. (5 salaries)	₹2.6 L/yr - ₹5.7 L/yr 14% less
Bharat Wire Ropes Purchase Officer Salary 4 - 7 years exp. (8 salaries)	₹2.8 L/yr - ₹4.2 L/yr 14% less	1 job opening
Jai Balaji Group Purchase Officer Salary 1 - 4 years exp. (5 salaries)	₹1.2 L/yr - ₹2.4 L/yr 57% less
Kalyani Forge Purchase Officer Salary 6 - 8 years exp. (4 salaries)	₹3 L/yr - ₹4.8 L/yr 24% less
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India Steel Works Purchase Officer Salary 8 - 12 years exp. (3 salaries)	₹3.1 L/yr - ₹3.5 L/yr 34% less
Supershakti Metaliks Purchase Officer Salary 1 - 16 years exp. (3 salaries)	₹2.4 L/yr - ₹4.8 L/yr 31% less

Purchase Officer salary at Magna Electro Castings ranges between ₹4.6 Lakhs to ₹5.5 Lakhs per year for employees with experience between 5 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Magna Electro Castings.

Experience wise Magna Electro Castings Purchase Officer salaries

Last Updated: 12 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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15+ years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr

Similar Designation salaries in Magna Electro Castings

Purchase Executive Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Senior Engineer Salary

(20 salaries)

₹3.1 L/yr - ₹7.8 L/yr

Deputy Manager Salary

(3 salaries)

₹5.6 L/yr - ₹9.3 L/yr

Salary related reviews for Magna Electro Castings

Senior Engineer in Coimbatore

Quality Assurance Department

4.0

• posted on 11 Nov 2021

4.0

for Salary and Benefits

Likes

Will get salary on time of every month. Covid precautions found satisfactory. Self learning opportunities more.

Dislikes

Very less promosions for long working people. Should identify skills required for the people and should promoted.

Assistant Manager Foundry Production in Coimbatore

Production, Manufacturing & Engineering Department

4.0

• posted on 13 Mar 2021

4.0

for Salary and Benefits

Likes

Good work environment, company policies are good, appraisal are fare, they give good salary and bonus every year

Dislikes

There is a lot pressure in work, always atten meeting in our working hours can't work in on the job issues, every day work more than 10 hours

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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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Magna Electro Castings Purchase Officer Salary FAQs

What is the salary of Purchase Officer at Magna Electro Castings?

Purchase Officer salary at Magna Electro Castings in India ranges between ₹4.6 Lakhs to ₹5.5 Lakhs for experience between 5 years to 17 years. According to our estimates it is 18% more than the average Purchase Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magna Electro Castings India.

How does the salary of a Purchase Officer at Magna Electro Castings India compare with the average salary range for this job?

The average salary of a Purchase Officer at Magna Electro Castings is 18% more than the average salary of a Purchase Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magna Electro Castings to a Purchase Officer in India?

BHEL Purchase Officer Salary - ₹10.0 Lakhs to ₹14.5 Lakhs per year
Jindal Steel and Power Purchase Officer Salary - ₹6.0 Lakhs to ₹7.0 Lakhs per year
JSW Steel Purchase Officer Salary - ₹2.7 Lakhs to ₹8.0 Lakhs per year
Hindalco Industries Purchase Officer Salary - ₹4.0 Lakhs to ₹9.5 Lakhs per year
Bharat Forge Purchase Officer Salary - ₹4.5 Lakhs to ₹5.8 Lakhs per year

What is the salary of a Purchase Officer in companies similar to Magna Electro Castings in India?

Siemens Purchase Officer Salary - ₹2.6 Lakhs to ₹5.7 Lakhs per year
Bharat Wire Ropes Purchase Officer Salary - ₹2.8 Lakhs to ₹4.2 Lakhs per year
Kalyani Forge Purchase Officer Salary - ₹3.0 Lakhs to ₹4.8 Lakhs per year
Welspun Corp Purchase Officer Salary - ₹3.2 Lakhs to ₹4.0 Lakhs per year
Supershakti Metaliks Purchase Officer Salary - ₹2.4 Lakhs to ₹4.8 Lakhs per year

What is the estimated take home salary of a Purchase Officer at Magna Electro Castings in India?

The estimated take-home salary of a Purchase Officer at Magna Electro Castings ranges between ₹36,801 per month to ₹38,014 per month in India. The take-home salary calculation is based on the average Magna Electro Castings Purchase Officer salary in India which ranges between ₹4.6 Lakhs to ₹5.5 Lakhs per year for employees with experience between 5 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Purchase Officer at Magna Electro Castings?

According to AmbitionBox, 100% of the Magna Electro Castings Purchase Officers reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Magna Electro Castings Purchase Officer Salaries

Magna Electro Castings Purchase Officer salary in India ranges between ₹4.6 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna Electro Castings latest salaries received from various employees of Magna Electro Castings.