Magneto IT Solutions Software Developer Salaries by 10+ Employees (Updated 2024)

1 - 3 years exp.

₹3.5 Lakhs - ₹4.9 Lakhs

Salary of majority employees

45% less than the average Software Developer Salary in IT Services & Consulting Companies for 1 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA Software Developer Salary 1 - 2 years exp. (7 salaries)	₹3.5 L/yr - ₹4.6 L/yr
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Research & Development Software Developer Salary 2 - 3 years exp. (5 salaries)	₹4.3 L/yr - ₹4.9 L/yr

Last Updated: 17 Jul 2024

Companies similar to Magneto IT Solutions for Software Developer

Company name	Avg Annual Salary	Open Jobs
Primus Global Technologies Software Developer Salary 3 - 6 years exp. (38 salaries)	₹4.3 L/yr - ₹12 L/yr 92% more
StraViso Software Developer Salary 3 - 6 years exp. (21 salaries)	₹4.2 L/yr - ₹13.8 L/yr 84% more
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Fidel Softech Software Developer Salary 0 - 5 years exp. (17 salaries)	₹2 L/yr - ₹7.7 L/yr 23% more
3Di Systems Software Developer Salary 0 - 5 years exp. (18 salaries)	₹2.2 L/yr - ₹8.5 L/yr 7% more
CGS Software Developer Salary 0 - 7 years exp. (11 salaries)	₹3.8 L/yr - ₹15 L/yr 94% more
Rawcubes India Software Developer Salary 1 - 3 years exp. (9 salaries)	₹3.6 L/yr - ₹10 L/yr 18% more
Aryavrat Infotech Software Developer Salary 0 - 2 years exp. (8 salaries)	₹1 L/yr - ₹4 L/yr 46% less
Hostment Software Developer Salary 2 - 4 years exp. (7 salaries)	₹4.2 L/yr - ₹6.7 L/yr 17% more
InfoDesk Software Developer Salary 3 - 5 years exp. (7 salaries)	₹5 L/yr - ₹7.9 L/yr 38% more
Vensai Technologies Software Developer Salary 1 - 3 years exp. (7 salaries)	₹1.1 L/yr - ₹5.5 L/yr 27% less
Findability Sciences Software Developer Salary 1 - 3 years exp. (6 salaries)	₹3.8 L/yr - ₹7.1 L/yr 12% more
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Open Systems International Software Developer Salary 3 - 6 years exp. (6 salaries)	₹4.8 L/yr - ₹11.5 L/yr 77% more
Liferay Software Developer Salary 0 - 3 years exp. (5 salaries)	₹3.8 L/yr - ₹10 L/yr 47% more
Commerce Pundit Software Developer Salary 0 - 7 years exp. (5 salaries)	₹3.4 L/yr - ₹9 L/yr 33% more
Symtrax Software Software Developer Salary 1 - 3 years exp. (5 salaries)	₹3.8 L/yr - ₹4 L/yr 13% less
QNAP Systems Software Developer Salary 0 - 1 year exp. (4 salaries)	₹3.9 L/yr - ₹6 L/yr 2% less
CSI Interfusion India Software Developer Salary 2 - 5 years exp. (4 salaries)	₹4 L/yr - ₹8 L/yr 18% more
Pilog Software Developer Salary 1 - 7 years exp. (3 salaries)	₹4.2 L/yr - ₹22 L/yr 164% more

Software Developer salary at Magneto IT Solutions ranges between ₹3.5 Lakhs to ₹4.9 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 15 latest salaries received from various employees of Magneto IT Solutions.

Experience wise Magneto IT Solutions Software Developer salaries

Last Updated: 17 Jul 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹3.5 L/yr - ₹8.3 L/yr
2 years (9 salaries)	₹3.5 L/yr - ₹4.9 L/yr
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3 years (3 salaries)	₹3.5 L/yr - ₹4.8 L/yr

Salary related reviews for Magneto IT Solutions

1.0

Rated by 2 employees for salary & benefits

Software Developer in Pune

Engineering - Software & QA Department

1.0

• posted on 20 Dec 2021

1.0

for Salary and Benefits

Likes

Salary on time. Final option for fresher but avoid if possible

Dislikes

Unprofessional management. Low salary. No benefits. Very long working hours. Sometimes working on weekend also. No job security, they will fire you because manager don't like you even if your performance is good

Senior Engineer in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 13 Oct 2023

1.0

for Salary and Benefits

Likes

There is nothing to like here.

Dislikes

If you are fresher just don't join here. They pay less no job security at all. Their HR takes WFH whenever she needs but denies WFH to people in need. They don't even a proper internet connection. Look for something else instead of this company.

Marketing Executive in Pune

Full Time

Marketing & Communication Department

5.0

• posted on 19 Apr 2024

5.0

for Salary and Benefits

Likes

Working with such excellent company has been an unforgeable experience. There were helpful co-workers who helped me while I was having trouble. Working with amazing team was another wonderful experience.

Dislikes

I haven't had any problem as I mentioned I worked with great team

Digital Marketing Lead in Ahmedabad

Full Time

Marketing & Communication Department

5.0

• posted on 28 Apr 2023

5.0

for Salary and Benefits

Likes

As the Digital Marketing Lead at Magneto IT Solutions, I proudly say that Magneto has been the first company of my career, and I am glad I got to experience it. I have completed seven years of enriching professional journey with team MIS. My overall experience is excellent. Undoubtedly Magneto is the best place to kickstart your career.

Dislikes

While my experience at Magneto IT Solutions has been overwhelmingly positive, I haven't encountered any significant cons that come to mind.

Senior Recruiter in Pune

Full Time

Human Resources Department

5.0

• posted on 01 May 2023

5.0

for Salary and Benefits

Likes

Working for a year now, previously worked for 2 companies but the Magneto IT Solutions makes the difference. Recently Magneto completed 13 years in the industry, I must say MIS, has the key to success. As an employee, I would choose a company like MIS only but yes, I won't go anywhere if MIS is there.

Dislikes

Not seen so far..!!

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Salary Discussions, Hike & Promotions

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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Magneto IT Solutions Software Developer Salary FAQs

What is the salary of Software Developer at Magneto IT Solutions?

Software Developer salary at Magneto IT Solutions in India ranges between ₹3.5 Lakhs to ₹4.9 Lakhs for experience between 1 years to 3 years. According to our estimates it is 45% less than the average Software Developer Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Magneto IT Solutions India.

How does the salary of a Software Developer at Magneto IT Solutions India compare with the average salary range for this job?

The average salary of a Software Developer at Magneto IT Solutions is 45% less than the average salary of a Software Developer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Software Developer at Magneto IT Solutions?

Javascript, Swift, PHP, Java and Objective C are some of the popular skills required to work as a Software Developer at Magneto IT Solutions India.

Which similar companies are paying more than Magneto IT Solutions to a Software Developer in India?

Pilog Software Developer Salary - ₹4.2 Lakhs to ₹22.0 Lakhs per year
CGS Software Developer Salary - ₹3.8 Lakhs to ₹15.0 Lakhs per year
Primus Global Technologies Software Developer Salary - ₹4.3 Lakhs to ₹12.0 Lakhs per year
StraViso Software Developer Salary - ₹4.2 Lakhs to ₹13.8 Lakhs per year
Open Systems International Software Developer Salary - ₹4.8 Lakhs to ₹11.5 Lakhs per year

What is the salary of a Software Developer in companies similar to Magneto IT Solutions in India?

Liferay Software Developer Salary - ₹3.8 Lakhs to ₹10.0 Lakhs per year
InfoDesk Software Developer Salary - ₹5.0 Lakhs to ₹7.9 Lakhs per year
Commerce Pundit Software Developer Salary - ₹3.4 Lakhs to ₹9.0 Lakhs per year
Fidel Softech Software Developer Salary - ₹2.0 Lakhs to ₹7.7 Lakhs per year
CSI Interfusion India Software Developer Salary - ₹4.0 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Software Developer at Magneto IT Solutions in India?

The estimated take-home salary of a Software Developer at Magneto IT Solutions ranges between ₹34,055 per month to ₹35,309 per month in India. The take-home salary calculation is based on the average Magneto IT Solutions Software Developer salary in India which ranges between ₹3.5 Lakhs to ₹4.9 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Software Developer at Magneto IT Solutions?

According to AmbitionBox, 73% of the Magneto IT Solutions Software Developers reported a notice period of 15 days or less, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

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Magneto IT Solutions Software Developer Salaries

Magneto IT Solutions Software Developer salary in India ranges between ₹3.5 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Magneto IT Solutions latest salaries received from various employees of Magneto IT Solutions.