Magnasoft Consulting India Software Engineer Salaries by 4 Employees (Updated 2025)

1 - 3 years exp.

₹2.3 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

64% less than the average Software Engineer Salary in IT Services & Consulting Companies for 1 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4 L/yr
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Engineering - Hardware & Networks Software Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Last Updated: 23 Mar 2025

Companies similar to Magnasoft Consulting India for Software Engineer

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Prodapt Software Engineer Salary 0 - 5 years exp. (1.5k salaries)	₹2.5 L/yr - ₹8.8 L/yr 79% more	1 job opening
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Sonata Software Software Engineer Salary 1 - 6 years exp. (374 salaries)	₹3 L/yr - ₹13.1 L/yr 141% more
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Software Engineer salary at Magnasoft Consulting India ranges between ₹2.3 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Magnasoft Consulting India.

Experience wise Magnasoft Consulting India Software Engineer salaries

Last Updated: 23 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.5 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr

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Salesforce Developer Salary

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Salary related reviews for Magnasoft Consulting India

2.8

Rated by 5 employees for salary & benefits

Design Engineer in Bangalore / Bengaluru

Full Time

Engineering - Hardware & Networks Department

1.0

• posted on 30 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing to like

Dislikes

...le who don't know anything about work. Language based discrimination he will do. Those who having knowledge will get less pay, those who knows how to take bucket they will get more salary. Lots of favorisom. Still management will believe that person only

Salary - Bad

+6 more

Cadd Designer in Hyderabad / Secunderabad

Full Time

Engineering - Hardware & Networks Department

2.0

• posted on 08 Aug 2023

2.0

for Salary and Benefits

Likes

Salary intime credited,you can do learn new softwares

Skill development - Excellent

Dislikes

...y,full night work, Worst behaviour of colleagues, Zero percentage job security, Salary growth is low,

Salary - Poor

+4 more

Chief Delivery Officer in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

Regular Salary payments & appraisals

Dislikes

Lack of trust on employees, lack of focus on organisational goals or strategy. Ever-changing directions and unpractical targets Lack of customer orientation and only focus on profits

Skill development - Poor

+4 more

Freelance Content Writer (working remotely)

Freelancer

Content, Editorial & Journalism Department

1.0

• posted on 15 Dec 2022

1.0

for Salary and Benefits

Likes

Active response during pre joining period

Dislikes

They didn't pay for the work done, as told by them that " we don't let freelancers works without any payment even if they ask them to write something during their interview". During the contract period they will hang you that your work has flaws and need to be corrected after the review. However, they don't send any reviews or any such things instead they will not give you any payment in the end telling you that they didn't use your work. Overall, I won't recommend it to any freelancers depending on my experience. Others can try if it fits to them for sure.

Salary - Bad

+6 more

Senior Design Engineer in Bangalore / Bengaluru

Research & Development Department

3.0

• posted on 28 Mar 2021

3.0

for Salary and Benefits

Likes

Work culture and environment. Freshers have a good opportunity to learn the work.

Skill development - Good

Dislikes

Salary is decent and there is 2 years bond. No career growth and Rotational week off and working on weekends at month end.

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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Magnasoft Consulting India Software Engineer Salary FAQs

What is the salary of Software Engineer at Magnasoft Consulting India ?

The average salary of a Software Engineer at Magnasoft Consulting India in India typically ranges from ₹2.3 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Software Engineer at Magnasoft Consulting India earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Software Engineer Salaries at Magnasoft Consulting India 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 4 Magnasoft Consulting India employees in India.

What is the estimated take home salary of a Software Engineer at Magnasoft Consulting India in India?

The estimated take-home salary of a Software Engineer at Magnasoft Consulting India in India typically ranges from ₹21,921 to ₹23,405 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 4 salaries received from various employees of Magnasoft Consulting India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magnasoft Consulting India for Software Engineer in India?

Koch Business Solutions	₹8.1 Lakhs to ₹32.9 Lakhs per year
Skillmine Technology Consulting	₹4.8 Lakhs to ₹14.0 Lakhs per year
Softenger	₹4.0 Lakhs to ₹13.0 Lakhs per year
Innominds Software	₹3.6 Lakhs to ₹14.0 Lakhs per year
Test Yantra Software Solutions	₹4.0 Lakhs to ₹15.6 Lakhs per year

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

What is the salary of a Software Engineer in companies similar to Magnasoft Consulting India in India?

The salary of a Software Engineer at companies similar to Magnasoft Consulting India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ITC Infotech	₹3.5 Lakhs to ₹14.1 Lakhs per year
Binary Semantics	₹4.8 Lakhs to ₹10.2 Lakhs per year
NeoSOFT	₹3.5 Lakhs to ₹14.0 Lakhs per year
Winjit Technologies	₹3.4 Lakhs to ₹13.6 Lakhs per year
Sonata Software	₹3.0 Lakhs to ₹13.1 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 Software Engineer at Magnasoft Consulting India in India?

The salary growth for a Software Engineer at Magnasoft Consulting India depends on factors such as experience, performance, and promotions. On average, a Software Engineer can expect the following growth trajectory at Magnasoft Consulting India:

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹4.0 Lakhs per year
2 years	₹2.3 Lakhs to ₹5.5 Lakhs per year
3 years	₹1.2 Lakhs to ₹3.5 Lakhs per year

and so on.

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Magnasoft Consulting India Software Engineer Salaries

Magnasoft Consulting India Software Engineer salary in India ranges between ₹2.3 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnasoft Consulting India latest salaries received from various employees of Magnasoft Consulting India.