Magnus Power Mechanical Engineer Salaries by 6 Employees

4 - 10 years exp.

₹4.9 Lakhs - ₹5.7 Lakhs

Salary of majority employees

16% more than the average Mechanical Engineer Salary in Power Companies for 4 - 10 years of experience

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Salaries in different departments

Research & Development Mechanical Engineer Salary 4 - 9 years exp. (3 salaries)	₹5 L/yr - ₹5.7 L/yr
Construction & Site Engineering Mechanical Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹5.4 L/yr
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Production, Manufacturing & Engineering Mechanical Engineer Salary 10 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.3 L/yr

Last Updated: 16 Mar 2023

Companies similar to Magnus Power for Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
The Indure Mechanical Engineer Salary 0 - 8 years exp. (10 salaries)	₹2.4 L/yr - ₹5.5 L/yr 36% less
POWERCON Ventures India Mechanical Engineer Salary 0 - 11 years exp. (9 salaries)	₹2.2 L/yr - ₹5 L/yr 37% less
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Corrtech Energy Mechanical Engineer Salary 2 - 8 years exp. (7 salaries)	₹0.6 L/yr - ₹3.5 L/yr 72% less
LM Wind Power Mechanical Engineer Salary 8 - 13 years exp. (5 salaries)	₹5 L/yr - ₹7.4 L/yr 13% more
Senvion Mechanical Engineer Salary 5 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹4.8 L/yr 25% less
Dayco Power Transmission Mechanical Engineer Salary 0 - 11 years exp. (5 salaries)	₹2.5 L/yr - ₹3.2 L/yr 45% less
Aggreko Mechanical Engineer Salary 11 - 15 years exp. (4 salaries)	₹18 L/yr - ₹30 L/yr 316% more
Vishakha Renewables Mechanical Engineer Salary 1 - 7 years exp. (4 salaries)	₹2.1 L/yr - ₹4 L/yr 38% less
Energy Pack Mechanical Engineer Salary 2 - 14 years exp. (3 salaries)	₹3.2 L/yr - ₹4.1 L/yr 33% less
Goldi Solar Mechanical Engineer Salary 3 - 5 years exp. (3 salaries)	₹3.3 L/yr - ₹4.3 L/yr 27% less

Mechanical Engineer salary at Magnus Power ranges between ₹4.9 Lakhs to ₹5.7 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Magnus Power.

Experience wise Magnus Power Mechanical Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹5.4 L/yr
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6 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.1 L/yr
7 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
8 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.7 L/yr
9 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.7 L/yr
10 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹5.7 L/yr

View all

Similar Designation salaries in Magnus Power

Senior Engineer Salary

(4 salaries)

₹5 L/yr - ₹11.5 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Production Engineer Salary

(5 salaries)

₹3.5 L/yr - ₹4.8 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹12.8 L/yr - ₹16.3 L/yr

Salary related reviews for Magnus Power

4.1

Rated by 2 employees for salary & benefits

Engineer -Engineering (Mechanical) in Bangalore / Bengaluru

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.

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.

Salary - Poor

+2 more

Senior Quality Engineer Supervisor in Bangalore / Bengaluru

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.

Salary - Excellent

+6 more

Dislikes

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

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Salary Discussions, Hike & Promotions

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Magnus Power Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Magnus Power ?

The average salary of a Mechanical Engineer at Magnus Power in India typically ranges from ₹4.9 Lakhs to ₹5.7 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Mechanical Engineer at Magnus Power earn more than ₹5.7 Lakhs per year, and the top 1% earn over ₹5.7 Lakhs per year. Mechanical Engineer 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 6 Magnus Power employees in India.

What is the estimated take home salary of a Mechanical Engineer at Magnus Power in India?

The estimated take-home salary of a Mechanical Engineer at Magnus Power in India typically ranges from ₹40,671 to ₹41,826 per month. This is based on the average salary range of ₹4.9 Lakhs to ₹5.7 Lakhs per year for employees with experience ranging from 4 years to 10 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 6 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 Mechanical Engineer in India?

Aggreko	₹18.0 Lakhs to ₹30.0 Lakhs per year
LM Wind Power	₹5.0 Lakhs to ₹7.4 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 Mechanical Engineer in companies similar to Magnus Power in India?

The salary of a Mechanical Engineer at companies similar to Magnus Power in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Senvion	₹3.5 Lakhs to ₹4.8 Lakhs per year
Goldi Solar	₹3.3 Lakhs to ₹4.3 Lakhs per year
Energy Pack	₹3.2 Lakhs to ₹4.1 Lakhs per year
The Indure	₹2.4 Lakhs to ₹5.5 Lakhs per year
POWERCON Ventures India	₹2.2 Lakhs to ₹5.0 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 Mechanical Engineer at Magnus Power in India?

The salary growth for a Mechanical Engineer at Magnus Power depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at Magnus Power:

Experience	Average Salary Range
4 years	₹2.0 Lakhs to ₹5.0 Lakhs per year
5 years	₹4.9 Lakhs to ₹5.4 Lakhs per year
6 years	₹4.7 Lakhs to ₹6.1 Lakhs per year
7 years	₹4.9 Lakhs to ₹6.2 Lakhs per year

and so on.

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Magnus Power Mechanical Engineer Salaries

Magnus Power Mechanical Engineer salary in India ranges between ₹4.9 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Magnus Power latest salaries received from various employees of Magnus Power.