Mercury Fittings new Product Development Engineer Salaries by 8 Employees

0 - 2 years exp.

₹1.3 Lakh - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

40% less than the average new Product Development Engineer Salary in Industrial Machinery Companies for 0 - 2 years of experience

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Last Updated: 7 Sep 2024

Companies similar to Mercury Fittings for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
SPX Flow Technology new Product Development Engineer Salary 10 - 13 years exp. (5 salaries)	₹9.5 L/yr - ₹16.5 L/yr 429% more
Europa Locks new Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹4 L/yr - ₹6.2 L/yr 107% more
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INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 65% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 37% more
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 53% more

new Product Development Engineer salary at Mercury Fittings ranges between ₹1.3 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 8 latest salaries received from various employees of Mercury Fittings.

Experience wise Mercury Fittings new Product Development Engineer salaries

Last Updated: 7 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.4 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.4 L/yr
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2 years (5 salaries)	₹1.3 L/yr - ₹4 L/yr

Similar Designation salaries in Mercury Fittings

Product Development Engineer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Development Engineer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Production Engineer Salary

(5 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Design Engineer Salary

(3 salaries)

₹3.5 L/yr - ₹3.8 L/yr

Mechanical Engineer Salary

(4 salaries)

₹3 L/yr - ₹4.5 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹4.6 L/yr - ₹5.9 L/yr

Production Supervisor Salary

(17 salaries)

₹1.76 L/yr - ₹3.6 L/yr

Quality Engineer Salary

(11 salaries)

₹1 L/yr - ₹3.75 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Salary related reviews for Mercury Fittings

2.0

Rated by 1 employees for salary & benefits

Engineer in Chennai

Full Time

Research & Development Department

3.0

• posted on 12 Oct 2023

2.0

for Salary and Benefits

Likes

1. You can learn if you come as a fresher 2. Salary credited without any delay. 3. Good place to learners.

Skill development - Good

Dislikes

1. Don't expect incriments 2. 1 or 2 year enough to work in mercury fittings 3. Management need to take survey on main heads

Salary - Poor

+4 more

Graduate Trainee in Thiruvallur

Full Time

Media Production & Entertainment Department

3.0

• posted on 27 Mar 2024

3.0

for Salary and Benefits

Likes

A good learning platform for freshers, Salery on time without any delay.

Skill development - Good

Dislikes

They provide low quality food with tie-up low price canteens, its can cause ulser, digestive problems. may be management not know about this, thiruvallur plant manager only doing this thing's. Tea =hot water ( because of Money) Manager not worthy for that post, he didn't no the value of manager. Max time company 7days working. Sunday also. Management need to take survey something about thiruvallur plant.

Job security - Poor

+1 more

Product Development Executive in Chennai

Full Time

Engineering - Software & QA Department

4.0

• posted on 02 Dec 2019

4.0

for Salary and Benefits

Likes

I learning new experiences in this company and then how to speak with customer end and way of speech in vendor and daily I get some new project it break my comfort zone different variety of product drawing I seen it help to my career growth .

Salary - Good

+5 more

Dislikes

None

Graduate Engineer Trainee-Mechanical

Project & Program Management Department

4.0

• posted on 20 Mar 2018

2.0

for Salary and Benefits

Likes

Mercury fittings is a one of most active company growth day by day..achieve best in quality policy every minute and same time improve production with help of new technology and innovation.

Dislikes

Mercury fittings is having lot of things for learning and getting growth for freshers only... They focus freshers and production...

Salary - Poor

+4 more

Design Engineer in Chennai

Research & Development Department

1.0

• posted on 03 Sep 2017

1.0

for Salary and Benefits

Likes

Company is good for the fresh to get experience for 1 or 2 year in production about CNC - lathe and VMC that has various operation like threading, faring, drilling, grooving, with material like Brass, carbon steel, stainless steel and aluminum, strict compliance to customer standard and general standards.

Dislikes

There no future for experience person, Once you reach 20,000 salary management will start screwing till you give resignation letter.

Salary - Bad

+4 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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Mercury Fittings new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Mercury Fittings ?

The average salary of a new Product Development Engineer at Mercury Fittings in India typically ranges from ₹1.3 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of new Product Development Engineer at Mercury Fittings earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. new Product Development Engineer Salaries at Mercury Fittings 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 8 Mercury Fittings employees in India.

What is the estimated take home salary of a new Product Development Engineer at Mercury Fittings in India?

The estimated take-home salary of a new Product Development Engineer at Mercury Fittings in India typically ranges from ₹16,955 to ₹18,663 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 2 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 8 salaries received from various employees of Mercury Fittings. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mercury Fittings for new Product Development Engineer in India?

SPX Flow Technology	₹9.5 Lakhs to ₹16.5 Lakhs per year
Europa Locks	₹4.0 Lakhs to ₹6.2 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
JBM Group	₹1.8 Lakhs to ₹5.7 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year

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

How the salary growth look like for a new Product Development Engineer at Mercury Fittings in India?

The salary growth for a new Product Development Engineer at Mercury Fittings depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Mercury Fittings:

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹2.4 Lakhs per year
1 year	₹1.8 Lakhs to ₹4.4 Lakhs per year
2 years	₹1.3 Lakhs to ₹4.0 Lakhs per year

and so on.

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Mercury Fittings new Product Development Engineer Salaries

Mercury Fittings new Product Development Engineer salary in India ranges between ₹1.3 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mercury Fittings latest salaries received from various employees of Mercury Fittings.