MK Fasteners new Product Development Engineer Salaries by 6 Employees

3 - 6 years exp.

₹2.8 Lakhs - ₹4.2 Lakhs

Salary of majority employees

19% 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)	₹2.8 L/yr - ₹3.2 L/yr
Production, Manufacturing & Engineering new Product Development Engineer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.2 L/yr
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Procurement & Supply Chain new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹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
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (70 salaries)	₹2.7 L/yr - ₹5.5 L/yr 23% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (43 salaries)	₹1.7 L/yr - ₹4.7 L/yr 3% less
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JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 14% more
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 24% less
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 45% 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.

Experience wise MK Fasteners new Product Development Engineer salaries

Last Updated: 15 Dec 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹2.8 L/yr
4 years (3 salaries)	₹2.9 L/yr - ₹3.2 L/yr
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5 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.2 L/yr

Similar Designation salaries in MK Fasteners

Production Engineer Salary

(12 salaries)

₹2 L/yr - ₹3.36 L/yr

Senior Design Engineer Salary

(3 salaries)

₹5.5 L/yr - ₹6.5 L/yr

Project Engineer Salary

(4 salaries)

₹3 L/yr - ₹4.2 L/yr

Production Manager Salary

(4 salaries)

₹7.5 L/yr - ₹9 L/yr

Design Engineer Salary

(6 salaries)

₹2.3 L/yr - ₹4.3 L/yr

Mechanical Engineer Salary

(5 salaries)

₹2.9 L/yr - ₹3.5 L/yr

Senior Engineer Salary

(5 salaries)

₹4 L/yr - ₹5.24 L/yr

Production Supervisor Salary

(6 salaries)

₹1.5 L/yr - ₹2.5 L/yr

NPD Engineer Salary

(8 salaries)

₹2.55 L/yr - ₹4.25 L/yr

Quality Engineer Salary

(12 salaries)

₹2 L/yr - ₹3 L/yr

Salary related reviews for MK Fasteners

3.0

Rated by 1 employees for salary & benefits

Production Engineer in Bangalore / Bengaluru

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

Salary - Bad

+6 more

Process Quality Engineer in Anekal

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.

Skill development - Excellent

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.

Salary - Bad

+2 more

QA Engineer in Annekal

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

Job security - Excellent

+2 more

Dislikes

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

Engineer in Anekal

Full Time

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.

Salary - Bad

+6 more

NPD Engineer in Bangalore / Bengaluru

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.

Company culture - Good

+1 more

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.

Job security - Bad

+2 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 ?

The average salary of a new Product Development Engineer at MK Fasteners in India typically ranges from ₹2.8 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of new Product Development Engineer at MK Fasteners earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. new Product Development Engineer Salaries at MK Fasteners 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 MK Fasteners employees in India.

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 in India typically ranges from ₹23,764 to ₹25,221 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹4.2 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 6 salaries received from various employees of MK Fasteners. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MK Fasteners for new Product Development Engineer in India?

Nash Industries	₹1.8 Lakhs to ₹6.0 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

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

What is the salary of a new Product Development Engineer in companies similar to MK Fasteners in India?

The salary of a new Product Development Engineer at companies similar to MK Fasteners in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L.G.Balakrishnan & Bros	₹1.7 Lakhs to ₹4.7 Lakhs per year
Wadhokar	₹1.5 Lakhs to ₹4.0 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 new Product Development Engineer at MK Fasteners in India?

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

Experience	Average Salary Range
3 years	₹2.8 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.2 Lakhs per year
5 years	₹1.4 Lakhs to ₹4.0 Lakhs per year
6 years	₹1.6 Lakhs to ₹4.2 Lakhs per year

and so on.

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MK Fasteners new Product Development Engineer Salaries

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