Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary42% less than the average Engineer Salary in Iron & Steel Companies for 5 - 10 years of experience
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Salaries in different departments
Production, Manufacturing & Engineering
Engineer Salary
8 - 10
years
exp.
(AmbitionBox Estimate)
|  ₹3 L/yr - ₹4 L/yr |
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| |
Quality Assurance
Engineer Salary
6
years
exp.
(AmbitionBox Estimate)
| ₹2.7 L/yr - ₹3.4 L/yr |
Companies similar to Modern Steels for Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Jai Balaji Group Engineer Salary
3 - 11 years exp. (113 salaries) | ₹2.1 L/yr - ₹6 L/yr 
23%
more | |
 Bmm Ispat Engineer Salary
1 - 7 years exp. (91 salaries) | ₹2.6 L/yr - ₹7 L/yr
22%
more | |
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| ||
 Electrotherm Engineer Salary
1 - 8 years exp. (86 salaries) | ₹2.1 L/yr - ₹6.5 L/yr
18%
more | |
 Kirloskar Ferrous Industries Engineer Salary
3 - 10 years exp. (63 salaries) | ₹2.4 L/yr - ₹6.5 L/yr
43%
more | |
 Aarti Steels Engineer Salary
1 - 9 years exp. (49 salaries) | ₹3 L/yr - ₹6 L/yr
30%
more | |
 Ratnamani Metals and Tubes Engineer Salary
1 - 7 years exp. (48 salaries) | ₹2.4 L/yr - ₹4.9 L/yr
9%
more | |
 Usha Martin Engineer Salary
1 - 8 years exp. (46 salaries) | ₹3 L/yr - ₹6.8 L/yr
44%
more | |
 Jayaswal Neco Industries Engineer Salary
2 - 5 years exp. (42 salaries) | ₹1.9 L/yr - ₹4.7 L/yr 
13%
less | |
 MM Forgings Engineer Salary
3 - 10 years exp. (31 salaries) | ₹2.2 L/yr - ₹5.4 L/yr
18%
more | |
 MSP Steel & Power Engineer Salary
3 - 6 years exp. (26 salaries) | ₹2.4 L/yr - ₹5.6 L/yr
21%
more | |
 SMC Power Generation Engineer Salary
3 - 14 years exp. (24 salaries) | ₹2.3 L/yr - ₹6 L/yr
32%
more | |
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| ||
 KIC Metaliks Engineer Salary
0 - 10 years exp. (22 salaries) | ₹1.2 L/yr - ₹4.3 L/yr
12%
less | |
 Indian Metals & Ferro Alloys Engineer Salary
1 - 15 years exp. (18 salaries) | ₹2.1 L/yr - ₹8.2 L/yr
38%
more | |
 Bharat Wire Ropes Engineer Salary
1 - 4 years exp. (14 salaries) | ₹2.8 L/yr - ₹3.6 L/yr
6%
less | 2 job openings |
 BMW Industries Engineer Salary
2 - 7 years exp. (7 salaries) | ₹3 L/yr - ₹5.4 L/yr
25%
more | |
 NELCAST Engineer Salary
6 - 10 years exp. (6 salaries) | ₹3 L/yr - ₹3.8 L/yr
2%
less | |
 Sathavahana Ispat Engineer Salary
1 - 8 years exp. (6 salaries) | ₹2.1 L/yr - ₹4 L/yr
17%
less | |
 Vardhman Special Steels Engineer Salary
2 - 8 years exp. (5 salaries) | ₹3.6 L/yr - ₹6 L/yr
44%
more | |
 Mukand Limited Engineer Salary
8 - 15 years exp. (5 salaries) | ₹5 L/yr - ₹9.2 L/yr
110%
more | |
 ISMT Engineer Salary
3 - 8 years exp. (5 salaries) | ₹3.9 L/yr - ₹5.3 L/yr
22%
more | |
Latest annual salaries shared by Modern Steels Engineer
Experience wise Modern Steels Engineer salaries
Last Updated: 16 Mar 2023
| Experience | Avg Annual Salary |
|---|---|
| 5 years (AmbitionBox Estimate) |
₹1.2
L/yr
- ₹3.3
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹3.1
L/yr
- ₹5.6
L/yr
|
Login to view exact salary
| |
| 7 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹3.8
L/yr
|
| 8 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹6.2
L/yr
|
| 9 years (AmbitionBox Estimate) |
₹3.2
L/yr
- ₹4.1
L/yr
|
Similar Designation salaries in Modern Steels
Salary related reviews for Modern Steels
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Top trending discussions
Modern Steels Engineer Salary FAQs
The top 10% of Engineer at Modern Steels earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Engineer Salaries at Modern Steels 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 4 Modern Steels employees in India.
| Mukand Limited | ₹5.0 Lakhs to ₹9.2 Lakhs per year |
| Usha Martin | ₹3.0 Lakhs to ₹6.8 Lakhs per year |
| Vardhman Special Steels | ₹3.6 Lakhs to ₹6.0 Lakhs per year |
| Kirloskar Ferrous Industries | ₹2.4 Lakhs to ₹6.5 Lakhs per year |
| Adhunik Industries | ₹4.5 Lakhs to ₹5.3 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Modern Steels, depending on the role and experience level.
| Indian Metals & Ferro Alloys | ₹2.1 Lakhs to ₹8.2 Lakhs per year |
| SMC Power Generation | ₹2.3 Lakhs to ₹6.0 Lakhs per year |
| Aarti Steels | ₹3.0 Lakhs to ₹6.0 Lakhs per year |
| BMW Industries | ₹3.0 Lakhs to ₹5.4 Lakhs per year |
| Jai Balaji Group | ₹2.1 Lakhs to ₹6.0 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.
| Experience | Average Salary Range |
|---|---|
| 5 years | ₹1.2 Lakhs to ₹3.3 Lakhs per year |
| 6 years | ₹3.1 Lakhs to ₹5.6 Lakhs per year |
| 7 years | ₹3.0 Lakhs to ₹3.8 Lakhs per year |
| 8 years | ₹3.0 Lakhs to ₹6.2 Lakhs per year |
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Modern Steels Engineer salary
in
India
ranges between ₹3
Lakhs to ₹4
Lakhs with an average annual salary of
₹. Salary estimates are based on
4
Modern Steels latest salaries received from various employees of
Modern Steels.