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Magnus Power ITI Welder salaries in India

Annual salary range
3 - 6 years exp.
₹2 Lakhs - ₹2.1 Lakhs
Salary of majority employees
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12% less than the average ITI Welder Salary in Power Companies for 3 - 6 years of experience

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Salaries in different departments

Research & Development
ITI Welder Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹1.9 L/yr - ₹2.3 L/yr

Production, Manufacturing & Engineering
ITI Welder Salary
3 years exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 16 Mar 2023

Companies similar to Magnus Power for ITI Welder

Company name Avg Annual Salary Open Jobs
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Corrtech Energy ITI Welder Salary

12 - 16 years exp. (4 salaries)

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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 47% more
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Tata Motors ITI Welder Salary

0 - 5 years exp. (44 salaries)

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₹0.8 L/yr - ₹3 L/yr

arrow icon 24% less
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Maruti Suzuki ITI Welder Salary

0 - 5 years exp. (41 salaries)

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₹1.5 L/yr - ₹4.1 L/yr

arrow icon 18% more
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Godrej & Boyce Manufacturing ITI Welder Salary

1 - 11 years exp. (31 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 19% more
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Thermax Limited ITI Welder Salary

3 - 11 years exp. (28 salaries)

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₹1.7 L/yr - ₹4 L/yr

arrow icon 38% more
ITI Welder salary at Magnus Power ranges between ₹2 Lakhs to ₹2.1 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Magnus Power.

Latest annual salaries shared by Magnus Power ITI Welder

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Experience wise Magnus Power ITI Welder salaries

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
4 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
5 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
6 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr

Similar Designation salaries in Magnus Power

ITI Fitter Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr
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₹3.5 L/yr - ₹4.8 L/yr

Salary related reviews for Magnus Power

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 24 Nov 2024

2.0
 for  Salary and Benefits

Likes

*Company Culture and Management* One of the most positive aspects of working at Magnus is the company culture. It's a relaxed and friendly environment where employees are encouraged to be themselves. The management team is supportive and understanding, which creates a low-pressure work atmosphere.

read more
  • Job security - Excellent
  • +3 more

Dislikes

...le the company culture is excellent, there are areas where Magnus could improve. The salary and benefits package could be more competitive, especially compared to industry standards. Additionally, opportunities for career advancement and skill development seem limited. *Overall* Magnus is a suitable workplace for individuals, particularly those in their mid-30s and above, who prioritize a positive work-life balance. The company's relaxed work environment, supportive management, and low-pressure atmosphere make it an attractive option for those seeking a less stressful work experience. However, for those seeking significant career growth, competitive compensation, and regular skill development opportunities, it may be worth considering other options.

read more
  • Salary - Poor
  • +2 more

Full Time

 · 

Other Department

5.0
  •  posted on 26 Aug 2024

5.0
 for  Salary and Benefits

Likes

1. No pressure, we can easily handle our personal life 2. Good facilities, such as bonuses and flexible working hours. 3. Clean and well-furnished environment. 4. Top-level management support 5. Culture and Nature.

read more
  • Salary - Excellent
  • +6 more

Dislikes

1.Karnataka and Kannadigas are less than other states. 2. Saturday is a working day.

see more salary related reviews

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Magnus Power ITI Welder Salary FAQs

What is the salary of ITI Welder at Magnus Power ?
The average salary of a ITI Welder at Magnus Power in India typically ranges from ₹2.0 Lakhs to ₹2.1 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of ITI Welder at Magnus Power earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.1 Lakhs per year. ITI Welder Salaries at Magnus Power 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 Magnus Power employees in India.
What is the estimated take home salary of a ITI Welder at Magnus Power in India?
The estimated take-home salary of a ITI Welder at Magnus Power in India typically ranges from ₹14,289 to ₹15,795 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹2.1 Lakhs per year for employees with experience ranging from 3 years to 6 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 Magnus Power. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magnus Power for ITI Welder in India?
Corrtech Energy ₹2.7 Lakhs to ₹3.5 Lakhs per year
Thermax Limited ₹1.7 Lakhs to ₹4.0 Lakhs per year
Godrej & Boyce Manufacturing ₹1.2 Lakhs to ₹4.5 Lakhs per year
Maruti Suzuki ₹1.5 Lakhs to ₹4.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magnus Power, depending on the role and experience level.
What is the salary of a ITI Welder in companies similar to Magnus Power in India?
The salary of a ITI Welder at companies similar to Magnus Power in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Motors ₹0.8 Lakhs to ₹3.0 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 ITI Welder at Magnus Power in India?
The salary growth for a ITI Welder at Magnus Power depends on factors such as experience, performance, and promotions. On average, a ITI Welder can expect the following growth trajectory at Magnus Power:

Experience Average Salary Range
3 years ₹1.8 Lakhs to ₹2.3 Lakhs per year
4 years ₹1.9 Lakhs to ₹2.4 Lakhs per year
5 years ₹1.9 Lakhs to ₹2.4 Lakhs per year
6 years ₹1.9 Lakhs to ₹2.4 Lakhs per year
and so on.

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Magnus Power ITI Welder salary in India ranges between ₹2 Lakhs to ₹2.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Magnus Power latest salaries received from various employees of Magnus Power.