Upload Button Icon Add office photos
filter salariesFilter salaries by

Modern Steels Mechanical Engineer salaries in India

Annual salary range
3 - 7 years exp.
₹2.4 Lakhs - ₹4.5 Lakhs
Salary of majority employees
unlock blur
unlock blur

31% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 3 - 7 years of experience

Interested in this particular role?

Salaries in different departments

Production, Manufacturing & Engineering
Mechanical Engineer Salary
3 - 5 years exp. (3 salaries)
unlock-blur

₹2.4 L/yr - ₹3.2 L/yr

Quality Assurance
Mechanical Engineer Salary
6 - 7 years exp. (AmbitionBox Estimate)
unlock-blur

₹3.1 L/yr - ₹4.5 L/yr

Last Updated: 15 Mar 2023

Companies similar to Modern Steels for Mechanical Engineer

Company name Avg Annual Salary Open Jobs
Logo
Jai Balaji Group Mechanical Engineer Salary

2 - 8 years exp. (43 salaries)

unlock blur

₹1.8 L/yr - ₹6.1 L/yr

arrow icon 16% more
Logo
Electrotherm Mechanical Engineer Salary

1 - 8 years exp. (39 salaries)

unlock blur

₹1.8 L/yr - ₹4.8 L/yr

arrow icon 19% more
Logo
Bmm Ispat Mechanical Engineer Salary

1 - 8 years exp. (30 salaries)

unlock blur

₹2.5 L/yr - ₹4.1 L/yr

arrow icon 16% more
Logo
SMC Power Generation Mechanical Engineer Salary

0 - 11 years exp. (25 salaries)

unlock blur

₹2 L/yr - ₹4.2 L/yr

arrow icon 3% less
unlock blur

₹2.1 L/yr - ₹5 L/yr

At par
Logo
Aarti Steels Mechanical Engineer Salary

0 - 9 years exp. (19 salaries)

unlock blur

₹2.4 L/yr - ₹7 L/yr

arrow icon 18% more
unlock blur

₹2.4 L/yr - ₹4.6 L/yr

arrow icon 9% more
Logo
MSP Steel & Power Mechanical Engineer Salary

3 - 8 years exp. (14 salaries)

unlock blur

₹2.5 L/yr - ₹5.7 L/yr

arrow icon 38% more
Logo
Usha Martin Mechanical Engineer Salary

2 - 10 years exp. (14 salaries)

unlock blur

₹2 L/yr - ₹6 L/yr

arrow icon 32% more
unlock blur

₹1.8 L/yr - ₹6.3 L/yr

arrow icon 53% more
Logo
ISMT Mechanical Engineer Salary

1 - 32 years exp. (11 salaries)

unlock blur

₹1.9 L/yr - ₹8 L/yr

arrow icon 32% more
Logo
Sathavahana Ispat Mechanical Engineer Salary

2 - 10 years exp. (10 salaries)

unlock blur

₹2.1 L/yr - ₹3.6 L/yr

arrow icon 12% less
Logo
Kalyani Forge Mechanical Engineer Salary

0 - 6 years exp. (9 salaries)

unlock blur

₹1.5 L/yr - ₹3.9 L/yr

arrow icon 10% less
Logo
MM Forgings Mechanical Engineer Salary

4 - 13 years exp. (9 salaries)

unlock blur

₹2 L/yr - ₹4.8 L/yr

arrow icon 1% more
unlock blur

₹3 L/yr - ₹9 L/yr

arrow icon 62% more
Logo
Bharat Wire Ropes Mechanical Engineer Salary

1 - 9 years exp. (6 salaries)

unlock blur

₹1.5 L/yr - ₹2.6 L/yr

arrow icon 33% less
Logo
NELCAST Mechanical Engineer Salary

0 - 6 years exp. (6 salaries)

unlock blur

₹2 L/yr - ₹4.3 L/yr

arrow icon 17% more
Logo
Mukand Limited Mechanical Engineer Salary

1 - 3 years exp. (6 salaries)

unlock blur

₹2 L/yr - ₹3 L/yr

arrow icon 23% less
unlock blur

₹3 L/yr - ₹6.8 L/yr

arrow icon 47% more
Logo
KIC Metaliks Mechanical Engineer Salary

0 - 5 years exp. (5 salaries)

unlock blur

₹1.4 L/yr - ₹2.4 L/yr

arrow icon 45% less
View all
Mechanical Engineer salary at Modern Steels ranges between ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Modern Steels.

Latest annual salaries shared by Modern Steels Mechanical Engineer

1y ago
avg blur mobile
5 years exp.
1y ago
avg blur mobile
3 years exp.
1y ago
avg blur mobile
4 years exp.
1y ago
avg blur mobile
7 years exp.
1y ago
avg blur mobile
6 years exp.
1y ago
avg blur mobile
5 years exp.

Experience wise Modern Steels Mechanical Engineer salaries

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

unlock blur

₹2.4 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹2.4 L/yr - ₹5.6 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹2.4 L/yr - ₹5.7 L/yr
6 years (AmbitionBox Estimate)

unlock blur

₹1.3 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)

unlock blur

₹1.4 L/yr - ₹4.5 L/yr

Similar Designation salaries in Modern Steels

unlock blur
₹3.4 L/yr - ₹4.35 L/yr
unlock blur
₹3.25 L/yr - ₹7 L/yr
unlock blur
₹1.5 L/yr - ₹2.6 L/yr
unlock blur
₹1 L/yr - ₹4.05 L/yr
unlock blur
₹4 L/yr - ₹6.1 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
unlock blur
₹6.5 L/yr - ₹8.3 L/yr
Shift Incharge Salary
(AmbitionBox Estimate)
unlock blur
₹4.5 L/yr - ₹5.8 L/yr
Supervisor Salary
(4 salaries)
unlock blur
₹1.4 L/yr - ₹5 L/yr

Salary related reviews for Modern Steels

Procurement & Supply Chain Department

2.0
  •  posted on 05 Sep 2018

1.0
 for  Salary and Benefits

Likes

Working in Modern Steels, you will find job security, healthy team environment and fine balance between work and life.

  • Job security - Good
  • +1 more

Dislikes

Compensation if good only for higher designations and terrible for middle and lower designations. No on job training, extremely low increments, no career growth.

read more
  • Salary - Bad
  • +4 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Modern Steels Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Modern Steels ?
The average salary of a Mechanical Engineer at Modern Steels in India typically ranges from ₹2.4 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 3 years to 7 years).

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.
What is the estimated take home salary of a Mechanical Engineer at Modern Steels in India?
The estimated take-home salary of a Mechanical Engineer at Modern Steels in India typically ranges from ₹22,991 to ₹24,460 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 3 years to 7 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 Modern Steels. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Modern Steels for Mechanical Engineer 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.
What is the salary of a Mechanical Engineer in companies similar to Modern Steels in India?
The salary of a Mechanical Engineer at companies similar to Modern Steels in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

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.
How the salary growth look like for a Mechanical Engineer at Modern Steels in India?
The salary growth for a Mechanical Engineer at Modern Steels depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at Modern Steels:

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
and so on.

Tell us how to improve this page.

Modern Steels Mechanical Engineer salary in India ranges between ₹2.4 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Modern Steels latest salaries received from various employees of Modern Steels.