Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary31% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 3 - 7 years of experience
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Salaries in different departments
Production, Manufacturing & Engineering
Mechanical Engineer Salary
3 - 5
years
exp.
(3
salaries)
|  ₹2.4 L/yr - ₹3.2 L/yr |
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| |
Quality Assurance
Mechanical Engineer Salary
6 - 7
years
exp.
(AmbitionBox Estimate)
| ₹3.1 L/yr - ₹4.5 L/yr |
Companies similar to Modern Steels for Mechanical Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Jai Balaji Group Mechanical Engineer Salary
2 - 8 years exp. (43 salaries) | ₹1.8 L/yr - ₹6.1 L/yr 
16%
more | |
 Electrotherm Mechanical Engineer Salary
1 - 8 years exp. (39 salaries) | ₹1.8 L/yr - ₹4.8 L/yr
19%
more | |
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| ||
 Bmm Ispat Mechanical Engineer Salary
1 - 8 years exp. (30 salaries) | ₹2.5 L/yr - ₹4.1 L/yr
16%
more | |
 SMC Power Generation Mechanical Engineer Salary
0 - 11 years exp. (25 salaries) | ₹2 L/yr - ₹4.2 L/yr 
3%
less | |
 Jayaswal Neco Industries Mechanical Engineer Salary
1 - 7 years exp. (24 salaries) | ₹2.1 L/yr - ₹5 L/yr At par | |
 Aarti Steels Mechanical Engineer Salary
0 - 9 years exp. (19 salaries) | ₹2.4 L/yr - ₹7 L/yr
18%
more | |
 Ratnamani Metals and Tubes Mechanical Engineer Salary
1 - 8 years exp. (18 salaries) | ₹2.4 L/yr - ₹4.6 L/yr
9%
more | |
 MSP Steel & Power Mechanical Engineer Salary
3 - 8 years exp. (14 salaries) | ₹2.5 L/yr - ₹5.7 L/yr
38%
more | |
 Usha Martin Mechanical Engineer Salary
2 - 10 years exp. (14 salaries) | ₹2 L/yr - ₹6 L/yr
32%
more | |
 Kirloskar Ferrous Industries Mechanical Engineer Salary
0 - 9 years exp. (12 salaries) | ₹1.8 L/yr - ₹6.3 L/yr
53%
more | |
 ISMT Mechanical Engineer Salary
1 - 32 years exp. (11 salaries) | ₹1.9 L/yr - ₹8 L/yr
32%
more | |
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| ||
 Sathavahana Ispat Mechanical Engineer Salary
2 - 10 years exp. (10 salaries) | ₹2.1 L/yr - ₹3.6 L/yr
12%
less | |
 Kalyani Forge Mechanical Engineer Salary
0 - 6 years exp. (9 salaries) | ₹1.5 L/yr - ₹3.9 L/yr
10%
less | |
 MM Forgings Mechanical Engineer Salary
4 - 13 years exp. (9 salaries) | ₹2 L/yr - ₹4.8 L/yr
1%
more | |
 Indian Metals & Ferro Alloys Mechanical Engineer Salary
3 - 15 years exp. (7 salaries) | ₹3 L/yr - ₹9 L/yr
62%
more | |
 Bharat Wire Ropes Mechanical Engineer Salary
1 - 9 years exp. (6 salaries) | ₹1.5 L/yr - ₹2.6 L/yr
33%
less | |
 NELCAST Mechanical Engineer Salary
0 - 6 years exp. (6 salaries) | ₹2 L/yr - ₹4.3 L/yr
17%
more | |
 Mukand Limited Mechanical Engineer Salary
1 - 3 years exp. (6 salaries) | ₹2 L/yr - ₹3 L/yr
23%
less | |
 Vardhman Special Steels Mechanical Engineer Salary
5 - 7 years exp. (5 salaries) | ₹3 L/yr - ₹6.8 L/yr
47%
more | |
 KIC Metaliks Mechanical Engineer Salary
0 - 5 years exp. (5 salaries) | ₹1.4 L/yr - ₹2.4 L/yr
45%
less | |
Latest annual salaries shared by Modern Steels Mechanical Engineer
Experience wise Modern Steels Mechanical Engineer salaries
Last Updated: 15 Mar 2023
| Experience | Avg Annual Salary |
|---|---|
| 3 years (AmbitionBox Estimate) |
₹2.4
L/yr
- ₹5.4
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹2.4
L/yr
- ₹5.6
L/yr
|
Login to view exact salary
| |
| 5 years (AmbitionBox Estimate) |
₹2.4
L/yr
- ₹5.7
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹1.3
L/yr
- ₹3.5
L/yr
|
| 7 years (AmbitionBox Estimate) |
₹1.4
L/yr
- ₹4.5
L/yr
|
Similar Designation salaries in Modern Steels
Salary related reviews for Modern Steels
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Top trending discussions
Modern Steels Mechanical Engineer Salary FAQs
The top 10% of Mechanical Engineer at Modern Steels earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Mechanical 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 6 Modern Steels employees in India.
| Indian Metals & Ferro Alloys | ₹3.0 Lakhs to ₹9.0 Lakhs per year |
| Kirloskar Ferrous Industries | ₹1.8 Lakhs to ₹6.3 Lakhs per year |
| Vardhman Special Steels | ₹3.0 Lakhs to ₹6.8 Lakhs per year |
| MSP Steel & Power | ₹2.5 Lakhs to ₹5.7 Lakhs per year |
| ISMT | ₹1.9 Lakhs to ₹8.0 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.
| Usha Martin | ₹2.0 Lakhs to ₹6.0 Lakhs per year |
| Electrotherm | ₹1.8 Lakhs to ₹4.8 Lakhs per year |
| Aarti Steels | ₹2.4 Lakhs to ₹7.0 Lakhs per year |
| NELCAST | ₹2.0 Lakhs to ₹4.3 Lakhs per year |
| Bmm Ispat | ₹2.5 Lakhs to ₹4.1 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 |
|---|---|
| 3 years | ₹2.4 Lakhs to ₹5.4 Lakhs per year |
| 4 years | ₹2.4 Lakhs to ₹5.6 Lakhs per year |
| 5 years | ₹2.4 Lakhs to ₹5.7 Lakhs per year |
| 6 years | ₹1.3 Lakhs to ₹3.5 Lakhs per year |
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Modern Steels Mechanical Engineer salary
in
India
ranges between ₹2.4
Lakhs to ₹4.5
Lakhs with an average annual salary of
₹. Salary estimates are based on
6
Modern Steels latest salaries received from various employees of
Modern Steels.