MD Industries Tool Room Engineer Salaries by 5 Employees

3 - 6 years exp.

₹2.8 Lakhs - ₹3.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

17% less than the average Tool Room Engineer Salary for 3 - 6 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Tool Room Engineer Salary 3 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹3.3 L/yr
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Research & Development Tool Room Engineer Salary 6 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr

Last Updated: 16 Jan 2024

Companies similar to MD Industries for Tool Room Engineer

Company name	Avg Annual Salary	Open Jobs
Caparo Engineering India Tool Room Engineer Salary 5 - 10 years exp. (6 salaries)	₹2.2 L/yr - ₹4.4 L/yr 4% more
Marelli Tool Room Engineer Salary 1 - 4 years exp. (4 salaries)	₹1.4 L/yr - ₹2.8 L/yr 30% less
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Shaily Engineering Plastics Ltd Tool Room Engineer Salary 3 - 8 years exp. (47 salaries)	₹2.5 L/yr - ₹5 L/yr 30% more
Motherson Automotive Technologies and Engineering Tool Room Engineer Salary 1 - 9 years exp. (47 salaries)	₹2 L/yr - ₹7.2 L/yr 30% more
Varroc Group Tool Room Engineer Salary 2 - 8 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 24% more

Tool Room Engineer salary at MD Industries ranges between ₹2.8 Lakhs to ₹3.4 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of MD Industries.

Experience wise MD Industries Tool Room Engineer salaries

Last Updated: 16 Jan 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

Similar Designation salaries in MD Industries

Senior Engineer Salary

(4 salaries)

₹4.2 L/yr - ₹5.5 L/yr

Quality Engineer Salary

(16 salaries)

₹1.5 L/yr - ₹3.8 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Tool & DIE Maker Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

CNC Programmer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

DIE Maker Salary

(AmbitionBox Estimate)

₹0.8 L/yr - ₹1 L/yr

Technician Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Supervisor Salary

(3 salaries)

₹2.1 L/yr - ₹2.6 L/yr

Salary related reviews for MD Industries

CNC Setter & Operator in Ploy No F-15 , Opposite To Autocop ,ambad

Cnc machine shop Department

3.0

• posted on 20 Jun 2022

2.0

for Salary and Benefits

Likes

In md industry we should learn that how to become a perfect machine operator and also know to operate different types of measuring instruments.

Dislikes

We only have limited skills to learn like cnc operator and setter. After this nothing can learn more to improve our skills.

Salary - Poor

+2 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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MD Industries Tool Room Engineer Salary FAQs

What is the salary of Tool Room Engineer at MD Industries ?

The average salary of a Tool Room Engineer at MD Industries in India typically ranges from ₹2.8 Lakhs to ₹3.4 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Tool Room Engineer at MD Industries earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.4 Lakhs per year. Tool Room Engineer Salaries at MD Industries 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 5 MD Industries employees in India.

What is the estimated take home salary of a Tool Room Engineer at MD Industries in India?

The estimated take-home salary of a Tool Room Engineer at MD Industries in India typically ranges from ₹21,624 to ₹23,113 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹3.4 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 5 salaries received from various employees of MD Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MD Industries for Tool Room Engineer in India?

Shaily Engineering Plastics Ltd	₹2.5 Lakhs to ₹5.0 Lakhs per year
Motherson Automotive Technologies and Engineering	₹2.0 Lakhs to ₹7.2 Lakhs per year
Varroc Group	₹2.7 Lakhs to ₹5.1 Lakhs per year
Caparo Engineering India	₹2.2 Lakhs to ₹4.4 Lakhs per year

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

What is the salary of a Tool Room Engineer in companies similar to MD Industries in India?

The salary of a Tool Room Engineer at companies similar to MD Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Marelli

₹1.4 Lakhs to ₹2.8 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 Room Engineer at MD Industries in India?

The salary growth for a Tool Room Engineer at MD Industries depends on factors such as experience, performance, and promotions. On average, a Tool Room Engineer can expect the following growth trajectory at MD Industries:

Experience	Average Salary Range
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
5 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
6 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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MD Industries Tool Room Engineer Salaries

MD Industries Tool Room Engineer salary in India ranges between ₹2.8 Lakhs to ₹3.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 MD Industries latest salaries received from various employees of MD Industries.