MM Forgings Design & Development Engineer Salaries by 5 Employees

4 - 6 years exp.

₹2.5 Lakhs - ₹2.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

53% less than the average Design & Development Engineer Salary in Iron & Steel Companies for 4 - 6 years of experience

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Last Updated: 26 Oct 2023

Companies similar to MM Forgings for Design & Development Engineer

Company name	Avg Annual Salary	Open Jobs
Electrotherm Design & Development Engineer Salary 2 - 16 years exp. (3 salaries)	₹3 L/yr - ₹5.3 L/yr 53% more
NELCAST Design & Development Engineer Salary 1 - 2 years exp. (3 salaries)	₹2.8 L/yr - ₹3.5 L/yr 23% more
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Siemens Healthineers Design & Development Engineer Salary 2 - 7 years exp. (106 salaries)	₹8 L/yr - ₹20.3 L/yr 532% more
Siemens Healthcare Design & Development Engineer Salary 2 - 8 years exp. (41 salaries)	₹7.5 L/yr - ₹22 L/yr 524% more
Forbes Marshall Design & Development Engineer Salary 1 - 9 years exp. (36 salaries)	₹6.2 L/yr - ₹11.8 L/yr 245% more

Design & Development Engineer salary at MM Forgings ranges between ₹2.5 Lakhs to ₹2.7 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of MM Forgings.

Experience wise MM Forgings Design & Development Engineer salaries

Last Updated: 26 Oct 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr

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Salary related reviews for MM Forgings

Design Engineer in Chennai

Research & Development Department

1.0

• posted on 09 May 2022

3.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transperant. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisal are fair

Job security - Good

+1 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is descent but career growth is slow. There is bond of 2 years before which you cannot resign. On the job training is not given to new joinees

Work-life balance - Poor

Quality Inspector in Tiruchirappalli

Full Time

Media Production & Entertainment Department

2.0

• posted on 13 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing to say,

Dislikes

No salary increment, No bonus, didn't respect any talented persons work, and wont gave any appraisal and promote the person even if you does the work for 6 years. Very dominating manager.

Salary - Bad

+5 more

Assistant Engineer in Chennai

Full Time

Project & Program Management Department

3.0

• posted on 03 Nov 2020

3.0

for Salary and Benefits

Likes

Good work environment and culture. Teamates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisal ate fair and they give salay home and bonus every year.

Skill development - Good

Dislikes

Salary is decent but career growth is slow.

Quality Assurance Quality Control Engineer in Sivaganga

Quality Department

2.0

• posted on 19 Apr 2022

1.0

for Salary and Benefits

Likes

Job security, Friendly people, Food is ok, salary on time no delay, provide accommodation and food, 8 hrs work, communication

Dislikes

Management is worst, Increament is very low compared to other companies, Doesn't provide any experience certificate, work environment is terrible, no transport facilities, low education knowledge is enough to work, career growth is poor.

Salary - Bad

+5 more

Mechanical Maintenance Engineer in Chennai

Production, Manufacturing & Engineering Department

5.0

• posted on 26 Apr 2022

5.0

for Salary and Benefits

Likes

...gement is Transparent .there is A Huge Cafeteria and Gaming Arcade For Chilling. Company Policies are Good, appraisal are fair and they Give Good Salary Hike and bonus Every Year

Salary - Excellent

+6 more

Dislikes

Politics......

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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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MM Forgings Design & Development Engineer Salary FAQs

What is the salary of Design & Development Engineer at MM Forgings ?

The average salary of a Design & Development Engineer at MM Forgings in India typically ranges from ₹2.5 Lakhs to ₹2.7 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Design & Development Engineer at MM Forgings earn more than ₹2.7 Lakhs per year, and the top 1% earn over ₹2.7 Lakhs per year. Design & Development Engineer Salaries at MM Forgings 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 MM Forgings employees in India.

What is the estimated take home salary of a Design & Development Engineer at MM Forgings in India?

The estimated take-home salary of a Design & Development Engineer at MM Forgings in India typically ranges from ₹18,205 to ₹19,895 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹2.7 Lakhs per year for employees with experience ranging from 4 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 MM Forgings. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MM Forgings for Design & Development Engineer in India?

Siemens Healthineers	₹8.0 Lakhs to ₹20.3 Lakhs per year
Siemens Healthcare	₹7.5 Lakhs to ₹22.0 Lakhs per year
Forbes Marshall	₹6.2 Lakhs to ₹11.8 Lakhs per year
Electrotherm	₹3.0 Lakhs to ₹5.3 Lakhs per year
NELCAST	₹2.8 Lakhs to ₹3.5 Lakhs per year

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

How the salary growth look like for a Design & Development Engineer at MM Forgings in India?

The salary growth for a Design & Development Engineer at MM Forgings depends on factors such as experience, performance, and promotions. On average, a Design & Development Engineer can expect the following growth trajectory at MM Forgings:

Experience	Average Salary Range
4 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
5 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
6 years	₹2.4 Lakhs to ₹3.1 Lakhs per year

and so on.

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MM Forgings Design & Development Engineer Salaries

MM Forgings Design & Development Engineer salary in India ranges between ₹2.5 Lakhs to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 MM Forgings latest salaries received from various employees of MM Forgings.