Magnecomp Precision Technology Chennai Tool Room Engineer Salaries by 4 Employees (Updated 2025)

13 - 16 years exp.

₹5.4 Lakhs - ₹6.9 Lakhs

Salary of majority employees

67% more than the average Tool Room Engineer Salary for 13 - 16 years of experience

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Last Updated: 11 Sep 2024

Companies similar to Magnecomp Precision Technology for Tool Room Engineer in Chennai

Magnecomp Precision Technology Tool Room Engineer Salary

13 - 16 years exp. (4 salaries)

₹5.4 L/yr - ₹6.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Motherson Automotive Technologies and Engineering Tool Room Engineer Salary 1 - 8 years exp. (16 salaries)	₹2 L/yr - ₹5.5 L/yr 32% less
CTM India Limited Tool Room Engineer Salary 1 - 5 years exp. (16 salaries)	₹2 L/yr - ₹3.4 L/yr 54% less
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Steel Strips Wheels Tool Room Engineer Salary 0 - 9 years exp. (15 salaries)	₹1.5 L/yr - ₹3.6 L/yr 49% less
Tool Die maker Tool Room Engineer Salary 0 - 11 years exp. (11 salaries)	₹3.1 L/yr - ₹4.5 L/yr 33% less
Lucas-TVS Tool Room Engineer Salary 1 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹6.5 L/yr 27% less

Tool Room Engineer salary at Magnecomp Precision Technology ranges between ₹5.4 Lakhs to ₹6.9 Lakhs per year for employees with experience between 13 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Magnecomp Precision Technology.

Experience wise Magnecomp Precision Technology Tool Room Engineer salaries in Chennai

Last Updated: 11 Sep 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
14 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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15+ years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr

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a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Magnecomp Precision Technology Tool Room Engineer Salary FAQs

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

Tool Room Engineer salary at Magnecomp Precision Technology in Chennai ranges between ₹5.4 Lakhs to ₹6.9 Lakhs for experience between 13 years to 16 years. According to our estimates it is 67% more than the average Tool Room Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magnecomp Precision Technology Chennai.

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

The average salary of a Tool Room Engineer at Magnecomp Precision Technology is 67% more than the average salary of a Tool Room Engineer in Chennai. 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 Chennai?

Lucas-TVS Tool Room Engineer Salary - ₹2.4 Lakhs to ₹6.5 Lakhs per year
Motherson Automotive Technologies and Engineering Tool Room Engineer Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
Tool Die maker Tool Room Engineer Salary - ₹3.1 Lakhs to ₹4.5 Lakhs per year
Steel Strips Wheels Tool Room Engineer Salary - ₹1.5 Lakhs to ₹3.6 Lakhs per year
CTM India Limited Tool Room Engineer Salary - ₹2.0 Lakhs to ₹3.4 Lakhs per year

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

The estimated take-home salary of a Tool Room Engineer at Magnecomp Precision Technology ranges between ₹45,597 per month to ₹46,678 per month in Chennai. The take-home salary calculation is based on the average Magnecomp Precision Technology Tool Room Engineer salary in India which ranges between ₹5.4 Lakhs to ₹6.9 Lakhs per year for employees with experience between 13 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 in Chennai?

According to AmbitionBox, 100% of the Magnecomp Precision Technology Tool Room Engineers in Chennai reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Magnecomp Precision Technology Tool Room Engineer Salaries in Chennai

Magnecomp Precision Technology Tool Room Engineer salary in Chennai ranges between ₹5.4 Lakhs to ₹6.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnecomp Precision Technology latest salaries received from various employees of Magnecomp Precision Technology.