Magnum Mi Steel Electrical Engineer Salaries by 4 Employees (Updated 2025)

6 - 7 years exp.

₹3.3 Lakhs - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% less than the average Electrical Engineer Salary in Iron & Steel Companies for 6 - 7 years of experience

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Last Updated: 9 Feb 2025

Companies similar to Magnum Mi Steel for Electrical Engineer

Company name	Avg Annual Salary	Open Jobs
Shilpa Steel and Power Electrical Engineer Salary 3 - 6 years exp. (7 salaries)	₹2.2 L/yr - ₹3.5 L/yr 41% less
Sunvik Steels Electrical Engineer Salary 1 - 7 years exp. (6 salaries)	₹3.3 L/yr - ₹4.5 L/yr 18% less
Login to view exact salary
Salasar Techno Engineering Electrical Engineer Salary 4 - 9 years exp. (6 salaries)	₹3 L/yr - ₹3.6 L/yr 23% less
Ms Agarwal Foundries Electrical Engineer Salary 2 - 5 years exp. (5 salaries)	₹3.5 L/yr - ₹4.8 L/yr 7% less
Agni Steels Electrical Engineer Salary 1 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹2 L/yr 60% less
Ramco Steels Electrical Engineer Salary 3 - 10 years exp. (5 salaries)	₹2.5 L/yr - ₹3.6 L/yr 26% less
Shri Mahavir Ferro Alloys Electrical Engineer Salary 2 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹3 L/yr 37% less
Bihar Foundry Castings Electrical Engineer Salary 8 - 11 years exp. (4 salaries)	₹5.8 L/yr - ₹6 L/yr 37% more
Accurate Steel Forgings Electrical Engineer Salary 12 - 15 years exp. (4 salaries)	₹4.1 L/yr - ₹5.2 L/yr 4% more
Patton International Electrical Engineer Salary 3 - 8 years exp. (4 salaries)	₹1.6 L/yr - ₹4.6 L/yr 32% less
Bravo Sponge Iron Electrical Engineer Salary 3 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹3 L/yr 32% less
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Allied Hitech Industries Electrical Engineer Salary 7 - 11 years exp. (4 salaries)	₹4.2 L/yr - ₹5.5 L/yr 14% more
Jindal Group Of Companies Electrical Engineer Salary 2 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹4.2 L/yr 23% less
Mukand Sumi Special Steel Electrical Engineer Salary 1 - 5 years exp. (4 salaries)	₹1.6 L/yr - ₹3.5 L/yr 36% less
Shri Rathi Group Electrical Engineer Salary 3 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹3 L/yr 34% less

Electrical Engineer salary at Magnum Mi Steel ranges between ₹3.3 Lakhs to ₹4.8 Lakhs per year for employees with experience between 6 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Magnum Mi Steel.

Experience wise Magnum Mi Steel Electrical Engineer salaries

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
6 years (3 salaries)	₹3.3 L/yr - ₹4.8 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in Magnum Mi Steel

Senior Electrical Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Senior Engineer Salary

(10 salaries)

₹4 L/yr - ₹5.4 L/yr

Electrical Supervisor Salary

(4 salaries)

₹2.4 L/yr - ₹3 L/yr

Junior Engineer Salary

(5 salaries)

₹2 L/yr - ₹3 L/yr

Electrician Salary

(5 salaries)

₹2.8 L/yr - ₹3 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹4.6 L/yr - ₹5.9 L/yr

Deputy Manager Salary

(5 salaries)

₹8.05 L/yr - ₹10.8 L/yr

Supervisor Salary

(4 salaries)

₹1.2 L/yr - ₹3 L/yr

Site Supervisor Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for Magnum Mi Steel

4.0

Rated by 1 employees for salary & benefits

Production Engineer in Delhi

Mechanical engineering Department

5.0

• posted on 11 Jun 2021

2.0

for Salary and Benefits

Likes

Good work environment and culture.company policies are good, appraisal are fair and they good salary and bonus every year .

Skill development - Excellent

+5 more

Dislikes

There is a lot of politics and the management address our issues.on the job training is not good.

Salary - Poor

Dispatch Supervisor in New Delhi

Full Time

Procurement & Supply Chain Department

5.0

• posted on 24 Apr 2024

2.0

for Salary and Benefits

Likes

The only thing is that they are good into business

Dislikes

The work culture is bad and don’t have fixed off on sat. There is no time table at the time of interview they say 8 hrs job but it extend up to 12-13 hours with no overtime.

Salary - Poor

+4 more

Store Incharge in Gurgaon / Gurugram

Full Time

Procurement & Supply Chain Department

5.0

• posted on 06 Nov 2023

1.0

for Salary and Benefits

Likes

This is a very nice culture and good seniors behaviour and good performance but not promotions improvement.

Skill development - Excellent

+3 more

Dislikes

Company culture good but Some people do very bad politics which I don't like politics system.

Salary - Bad

+1 more

Assistant Manager- Purchase in Bawal

Full Time

Procurement & Supply Chain Department

4.0

• posted on 17 Jul 2019

3.0

for Salary and Benefits

Likes

Magnum MI Steel, company is too good for a local Employees to grow and learning.

Skill development - Good

+3 more

Dislikes

About dislike is nothing, all over organization is good. But there is not available canteen where employees can sit and take rest in lunch time. I don't want to say about accommodating (food) but there should be a relexable place to take rest.

Executive in Gurgaon / Gurugram

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 02 Oct 2023

2.0

for Salary and Benefits

Likes

Outer looks of company.

Dislikes

No basic facility like Good quality Ro water for drinking & Toilet condition is worst. Plant head is very Rude and Egoist person only Tel pani person can servior there. NO basic culture to growth....My experience is worst with this company. No appreciation on work even I work for 15-16 hours some time as I was there in RND depart.

Salary - Poor

+5 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Magnum Mi Steel Electrical Engineer Salary FAQs

What is the salary of Electrical Engineer at Magnum Mi Steel ?

The average salary of a Electrical Engineer at Magnum Mi Steel in India typically ranges from ₹3.3 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 6 years to 7 years).

The top 10% of Electrical Engineer at Magnum Mi Steel earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Electrical Engineer Salaries at Magnum Mi Steel 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 Magnum Mi Steel employees in India.

What is the estimated take home salary of a Electrical Engineer at Magnum Mi Steel in India?

The estimated take-home salary of a Electrical Engineer at Magnum Mi Steel in India typically ranges from ₹32,032 to ₹33,316 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 6 years to 7 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 Magnum Mi Steel. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magnum Mi Steel for Electrical Engineer in India?

Bihar Foundry Castings	₹5.8 Lakhs to ₹6.0 Lakhs per year
Allied Hitech Industries	₹4.2 Lakhs to ₹5.5 Lakhs per year
Accurate Steel Forgings	₹4.1 Lakhs to ₹5.2 Lakhs per year

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

What is the salary of a Electrical Engineer in companies similar to Magnum Mi Steel in India?

The salary of a Electrical Engineer at companies similar to Magnum Mi Steel in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ms Agarwal Foundries	₹3.5 Lakhs to ₹4.8 Lakhs per year
Sunvik Steels	₹3.3 Lakhs to ₹4.5 Lakhs per year
Jindal Group Of Companies	₹2.4 Lakhs to ₹4.2 Lakhs per year
Salasar Techno Engineering	₹3.0 Lakhs to ₹3.6 Lakhs per year
Ramco Steels	₹2.5 Lakhs to ₹3.6 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 Electrical Engineer at Magnum Mi Steel in India?

The salary growth for a Electrical Engineer at Magnum Mi Steel depends on factors such as experience, performance, and promotions. On average, a Electrical Engineer can expect the following growth trajectory at Magnum Mi Steel:

Experience	Average Salary Range
6 years	₹3.3 Lakhs to ₹4.8 Lakhs per year
7 years	₹4.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Magnum Mi Steel Electrical Engineer Salaries

Magnum Mi Steel Electrical Engineer salary in India ranges between ₹3.3 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnum Mi Steel latest salaries received from various employees of Magnum Mi Steel.