Matrix Tools & Solutions Tool Designer Salaries by 4 Employees

1 - 4 years exp.

₹3 Lakhs - ₹3.5 Lakhs

Salary of majority employees

5% more than the average Tool Designer Salary for 1 - 4 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Tool Designer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.5 L/yr
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Project & Program Management Tool Designer Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 12 Jul 2024

Companies similar to Matrix Tools & Solutions for Tool Designer

Company name	Avg Annual Salary	Open Jobs
Larsen & Toubro Limited Tool Designer Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹3.6 L/yr 23% less
Wheels Tool Designer Salary 1 - 5 years exp. (10 salaries)	₹1.8 L/yr - ₹3.4 L/yr 25% less
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Timken Tool Designer Salary 2 - 6 years exp. (9 salaries)	₹3 L/yr - ₹5.6 L/yr 23% more
Tata Advanced Systems Tool Designer Salary 2 - 8 years exp. (5 salaries)	₹2.9 L/yr - ₹4.5 L/yr 12% more
Connectwell Industries Tool Designer Salary 6 - 11 years exp. (5 salaries)	₹3 L/yr - ₹3.7 L/yr 4% more

Tool Designer salary at Matrix Tools & Solutions ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Matrix Tools & Solutions.

Experience wise Matrix Tools & Solutions Tool Designer salaries

Last Updated: 12 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.1 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
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3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.6 L/yr

Similar Designation salaries in Matrix Tools & Solutions

Design Engineer Salary

(7 salaries)

₹2.2 L/yr - ₹4.2 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Senior Design Engineer Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Junior Design Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Matrix Tools & Solutions

Tool Room Engineer in Pune

Research & Development Department

3.0

• posted on 07 May 2018

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology.I love the fact that I am a part of a team that markets rwliable,high quality products and has a global client base.Another plus point iis that my colleagues come from various cultural backgrounds,and we work happily in collaboration.I also like the employee re-hire policy.

Salary - Good

+5 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometims ,I have to work 12-14 hours straight in a day as I have to attend client calls inthe evening and sometimes late into the night. Managers don't value an individuals` unique strengths, which is why I have to take back my suggestions most of the times.

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Matrix Tools & Solutions Tool Designer Salary FAQs

What is the salary of Tool Designer at Matrix Tools & Solutions ?

The average salary of a Tool Designer at Matrix Tools & Solutions in India typically ranges from ₹3.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Tool Designer at Matrix Tools & Solutions earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Tool Designer Salaries at Matrix Tools & Solutions 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 Matrix Tools & Solutions employees in India.

What is the estimated take home salary of a Tool Designer at Matrix Tools & Solutions in India?

The estimated take-home salary of a Tool Designer at Matrix Tools & Solutions in India typically ranges from ₹23,427 to ₹24,889 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 4 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 Matrix Tools & Solutions. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Matrix Tools & Solutions for Tool Designer in India?

Timken	₹3.0 Lakhs to ₹5.6 Lakhs per year
Tata Advanced Systems	₹2.9 Lakhs to ₹4.5 Lakhs per year
Connectwell Industries	₹3.0 Lakhs to ₹3.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Matrix Tools & Solutions, depending on the role and experience level.

What is the salary of a Tool Designer in companies similar to Matrix Tools & Solutions in India?

The salary of a Tool Designer at companies similar to Matrix Tools & Solutions in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Larsen & Toubro Limited	₹2.0 Lakhs to ₹3.6 Lakhs per year
Wheels	₹1.8 Lakhs to ₹3.4 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 Tool Designer at Matrix Tools & Solutions in India?

The salary growth for a Tool Designer at Matrix Tools & Solutions depends on factors such as experience, performance, and promotions. On average, a Tool Designer can expect the following growth trajectory at Matrix Tools & Solutions:

Experience	Average Salary Range
1 year	₹3.2 Lakhs to ₹6.1 Lakhs per year
2 years	₹1.3 Lakhs to ₹3.5 Lakhs per year
3 years	₹3.1 Lakhs to ₹5.8 Lakhs per year
4 years	₹3.0 Lakhs to ₹5.6 Lakhs per year

and so on.

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Matrix Tools & Solutions Tool Designer Salaries

Matrix Tools & Solutions Tool Designer salary in India ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Matrix Tools & Solutions latest salaries received from various employees of Matrix Tools & Solutions.