Magnecomp Precision Technology Tool Room Engineer Salaries by 5 Employees (Updated 2024)

12 - 16 years exp.

₹6 Lakhs - ₹13 Lakhs

Salary of majority employees

114% more than the average Tool Room Engineer Salary for 12 - 16 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Tool Room Engineer Salary 14 - 16 years exp. (3 salaries)	₹5.4 L/yr - ₹6.6 L/yr
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Research & Development Tool Room Engineer Salary 12 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.3 L/yr

Last Updated: 11 Sep 2024

Companies similar to Magnecomp Precision Technology for Tool Room Engineer

Company name	Avg Annual Salary	Open Jobs
Larsen & Toubro Limited Tool Room Engineer Salary 0 - 5 years exp. (13 salaries)	₹2.1 L/yr - ₹2.5 L/yr 71% less
Shaily Engineering Plastics Ltd Tool Room Engineer Salary 2 - 8 years exp. (52 salaries)	₹2.5 L/yr - ₹5.4 L/yr 51% less
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Varroc Group Tool Room Engineer Salary 1 - 8 years exp. (51 salaries)	₹1.8 L/yr - ₹5.1 L/yr 53% less
Motherson Automotive Technologies and Engineering Tool Room Engineer Salary 1 - 8 years exp. (43 salaries)	₹2 L/yr - ₹5.5 L/yr 51% less
Renata Precision Components Tool Room Engineer Salary 1 - 6 years exp. (35 salaries)	₹2 L/yr - ₹4.7 L/yr 54% less

Tool Room Engineer salary at Magnecomp Precision Technology ranges between ₹6 Lakhs to ₹13 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of Magnecomp Precision Technology.

Experience wise Magnecomp Precision Technology Tool Room Engineer salaries

Last Updated: 11 Sep 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹13 L/yr
13 years (AmbitionBox Estimate)	₹6 L/yr - ₹15.8 L/yr
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14 years (AmbitionBox Estimate)	₹6 L/yr - ₹13.3 L/yr
15+ years (AmbitionBox Estimate)	₹6 L/yr - ₹6 L/yr

Similar Designation salaries in Magnecomp Precision Technology

Tool Engineer Salary

(9 salaries)

₹5.05 L/yr - ₹18 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹18.9 L/yr - ₹24.2 L/yr

Tool & DIE Maker Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Tool Maker Salary

(6 salaries)

₹5.05 L/yr - ₹10 L/yr

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I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Magnecomp Precision Technology Tool Room Engineer Salary FAQs

What is the salary of Tool Room Engineer at Magnecomp Precision Technology?

Tool Room Engineer salary at Magnecomp Precision Technology in India ranges between ₹6.0 Lakhs to ₹13.0 Lakhs for experience between 12 years to 16 years. According to our estimates it is 114% more than the average Tool Room Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Magnecomp Precision Technology India.

How does the salary of a Tool Room Engineer at Magnecomp Precision Technology India compare with the average salary range for this job?

The average salary of a Tool Room Engineer at Magnecomp Precision Technology is 114% more than the average salary of a Tool Room Engineer in India. To know exact salary insights, login to view.

What is the salary of a Tool Room Engineer in companies similar to Magnecomp Precision Technology in India?

Motherson Automotive Technologies and Engineering Tool Room Engineer Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
Shaily Engineering Plastics Ltd Tool Room Engineer Salary - ₹2.5 Lakhs to ₹5.4 Lakhs per year
Varroc Group Tool Room Engineer Salary - ₹1.8 Lakhs to ₹5.1 Lakhs per year
Renata Precision Components Tool Room Engineer Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year
Larsen & Toubro Limited Tool Room Engineer Salary - ₹2.1 Lakhs to ₹2.5 Lakhs per year

What is the estimated take home salary of a Tool Room Engineer at Magnecomp Precision Technology in India?

The estimated take-home salary of a Tool Room Engineer at Magnecomp Precision Technology ranges between ₹56,915 per month to ₹58,344 per month in India. The take-home salary calculation is based on the average Magnecomp Precision Technology Tool Room Engineer salary in India which ranges between ₹6.0 Lakhs to ₹13.0 Lakhs per year for employees with experience between 12 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Tool Room Engineer at Magnecomp Precision Technology?

According to AmbitionBox, 75% of the Magnecomp Precision Technology Tool Room Engineers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Magnecomp Precision Technology Tool Room Engineer Salaries

Magnecomp Precision Technology Tool Room Engineer salary in India ranges between ₹6 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Magnecomp Precision Technology latest salaries received from various employees of Magnecomp Precision Technology.