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MK Fasteners new Product Development Engineer salaries in India

Annual salary range
3 - 6 years exp.
₹2.8 Lakhs - ₹4.2 Lakhs
Salary of majority employees
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18% less than the average new Product Development Engineer Salary in Financial Services Companies for 3 - 6 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
3 - 4 years exp. (3 salaries)
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₹2.8 L/yr - ₹3.2 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.2 L/yr

Procurement & Supply Chain
new Product Development Engineer Salary
4 years exp. (AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.2 L/yr

Last Updated: 15 Dec 2023

Companies similar to MK Fasteners for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹2.7 L/yr - ₹5.7 L/yr

arrow icon 20% more
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₹1.7 L/yr - ₹4.7 L/yr

arrow icon 1% less
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₹2.3 L/yr - ₹5.7 L/yr

arrow icon 13% more
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₹1.5 L/yr - ₹4 L/yr

arrow icon 24% less
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₹1.8 L/yr - ₹6.8 L/yr

arrow icon 49% more
new Product Development Engineer salary at MK Fasteners ranges between ₹2.8 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 6 latest salaries received from various employees of MK Fasteners.

Latest annual salaries shared by MK Fasteners new Product Development Engineer

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Experience wise MK Fasteners new Product Development Engineer salaries

Last Updated: 15 Dec 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹2.8 L/yr
4 years  (3 salaries)

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₹2.9 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.2 L/yr

Similar Designation salaries in MK Fasteners

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₹2 L/yr - ₹3.36 L/yr
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₹5.5 L/yr - ₹6.5 L/yr
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₹3 L/yr - ₹4.2 L/yr
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₹7.5 L/yr - ₹9 L/yr
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₹2.3 L/yr - ₹4.3 L/yr
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₹2.9 L/yr - ₹3.5 L/yr
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₹4 L/yr - ₹5.5 L/yr
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₹1.5 L/yr - ₹2.5 L/yr
NPD Engineer Salary
(8 salaries)
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₹2.55 L/yr - ₹4.25 L/yr
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₹2 L/yr - ₹3 L/yr

Salary related reviews for MK Fasteners

3.0

Rated by 1 employees for salary & benefits

Other Department

1.0
  •  posted on 09 Jan 2021

1.0
 for  Salary and Benefits

Likes

In this company the work is to good and incharge also

Dislikes

In this company management is so bad not given salary correct management saying on and doing one and this company management is like to jail so worst company company I seen ever

read more

Full Time

 · 

Quality Assurance Department

4.0
  •  posted on 01 Aug 2024

1.0
 for  Salary and Benefits

Likes

1. They provide lots of educational training so u can make use of that. 2. Great opportunity for freshers to start they are career.

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Dislikes

1. No Salary revision as per roles and responsibilities. 2. They will promote higher position but salary remains same as previous position. 3. Lots of politics.. 4. Company is good but poor management.

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Quality Assurance Department

4.0
  •  posted on 14 Mar 2022

3.0
 for  Salary and Benefits

Likes

Company management is quite good enough,work culture is as friendly as well and also company policies are good

Dislikes

There is a lot of politics and the management doesn't address our issues.salary is decent but career growth is slow

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Full Time

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Research & Development Department

1.0
  •  posted on 30 Mar 2023

1.0
 for  Salary and Benefits

Likes

Nothing much factory setups are good but the management is poor.

Dislikes

No appreciation to work. No work saftey anything can happen any day. Not a place for professionals as it's run by managers who has no technical knowledge and are best at screaming and no professional background aswell.

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NPD Department

4.0
  •  posted on 01 May 2019

3.0
 for  Salary and Benefits

Likes

The company is good for freshers and big plus is work life balance and work culture. Another good thing is my colleagues are from different cultural background. I like transparency in business.

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Dislikes

The management looking for change but the team leaders and HODs are not ready for that. One big problem I faced is MD involvement in every processes and question staffs for the progress which let all employees in discomfort. One of the crucial thing is there is a possibility of immediate depromotion or sometimes termination might happen.

read more
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MK Fasteners new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at MK Fasteners?
new Product Development Engineer salary at MK Fasteners in India ranges between ₹2.8 Lakhs to ₹4.2 Lakhs for experience between 3 years to 6 years. According to our estimates it is 18% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of MK Fasteners India.
How does the salary of a new Product Development Engineer at MK Fasteners India compare with the average salary range for this job?
The average salary of a new Product Development Engineer at MK Fasteners is 18% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than MK Fasteners to a new Product Development Engineer in India?
  • Nash Industries new Product Development Engineer Salary - ₹1.8 Lakhs to ₹6.8 Lakhs per year
  • INDO-MIM new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.7 Lakhs per year
  • JBM Group new Product Development Engineer Salary - ₹2.3 Lakhs to ₹5.7 Lakhs per year
What is the salary of a new Product Development Engineer in companies similar to MK Fasteners in India?
  • L.G.Balakrishnan & Bros new Product Development Engineer Salary - ₹1.7 Lakhs to ₹4.7 Lakhs per year
  • Wadhokar new Product Development Engineer Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a new Product Development Engineer at MK Fasteners in India?
The estimated take-home salary of a new Product Development Engineer at MK Fasteners ranges between ₹23,764 per month to ₹25,221 per month in India. The take-home salary calculation is based on the average MK Fasteners new Product Development Engineer salary in India which ranges between ₹2.8 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?
What is the notice period for new Product Development Engineer at MK Fasteners?
According to AmbitionBox, 50% of the MK Fasteners new Product Development Engineers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

MK Fasteners new Product Development Engineer salary in India ranges between ₹2.8 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 MK Fasteners latest salaries received from various employees of MK Fasteners.