Modison Metals new Product Development Engineer Salaries by 4 Employees (Updated 2024)

3 - 8 years exp.

₹2.3 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

24% less than the average new Product Development Engineer Salary in Electrical Equipment Companies for 3 - 8 years of experience

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Last Updated: 2 Oct 2024

Companies similar to Modison Metals for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Salzer Electronics new Product Development Engineer Salary 1 - 9 years exp. (10 salaries)	₹1.6 L/yr - ₹3.4 L/yr 15% less
Havells new Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹5.5 L/yr - ₹8.6 L/yr 118% more
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INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (72 salaries)	₹2.7 L/yr - ₹5.7 L/yr 32% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 9% more
JBM Group new Product Development Engineer Salary 1 - 8 years exp. (32 salaries)	₹2.3 L/yr - ₹5.7 L/yr 25% more

new Product Development Engineer salary at Modison Metals ranges between ₹2.3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Modison Metals.

Experience wise Modison Metals new Product Development Engineer salaries

Last Updated: 2 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.3 L/yr
4 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.7 L/yr
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5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹3.7 L/yr

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Similar Designation salaries in Modison Metals

Development Engineer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Production Engineer Salary

(18 salaries)

₹2.2 L/yr - ₹4 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Production Manager Salary

(7 salaries)

₹7.5 L/yr - ₹11 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Senior Engineer Salary

(6 salaries)

₹4.2 L/yr - ₹6.85 L/yr

Production Supervisor Salary

(5 salaries)

₹1.65 L/yr - ₹6 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Quality Engineer Salary

(4 salaries)

₹3.55 L/yr - ₹4.8 L/yr

Salary related reviews for Modison Metals

4.0

Rated by 1 employees for salary & benefits

Junior Engineer in Vapi

Full Time

Research & Development Department

4.0

• posted on 09 Feb 2022

3.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and management is transparent. Company policies are okay, appraisals are fair and give hike and bonus erery year.

Dislikes

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

Maintenance Engineer in Vapi

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 26 Aug 2024

2.0

for Salary and Benefits

Likes

Only Timing is good

Dislikes

The maintenance head is not as good doesn't matter how much work you do for him it is less he won't appreciate your work he will only disappoint with us. Head do Partiality with electrical and mechanical .

Account Assistant in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 21 Oct 2023

2.0

for Salary and Benefits

Likes

Job Security, secure place to work.

Dislikes

As usual internal politics between management people and some specific staff members. No clear communication and transparency between KMP and staff. No proper planning of work that disturbs your work-life balance.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Modison Metals new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Modison Metals?

new Product Development Engineer salary at Modison Metals in India ranges between ₹2.3 Lakhs to ₹3.7 Lakhs for experience between 3 years to 8 years. According to our estimates it is 24% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Modison Metals India.

How does the salary of a new Product Development Engineer at Modison Metals India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at Modison Metals is 24% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Modison Metals to a new Product Development Engineer in India?

Havells new Product Development Engineer Salary - ₹5.5 Lakhs to ₹8.6 Lakhs per year
INDO-MIM new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.7 Lakhs per year
JBM Group new Product Development Engineer Salary - ₹2.3 Lakhs to ₹5.7 Lakhs per year
L.G.Balakrishnan & Bros new Product Development Engineer Salary - ₹1.7 Lakhs to ₹4.7 Lakhs per year

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

Salzer Electronics new Product Development Engineer Salary - ₹1.6 Lakhs to ₹3.4 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at Modison Metals in India?

The estimated take-home salary of a new Product Development Engineer at Modison Metals ranges between ₹21,352 per month to ₹22,996 per month in India. The take-home salary calculation is based on the average Modison Metals new Product Development Engineer salary in India which ranges between ₹2.3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at Modison Metals?

According to AmbitionBox, 100% of the Modison Metals new Product Development Engineers reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Modison Metals new Product Development Engineer Salaries

Modison Metals new Product Development Engineer salary in India ranges between ₹2.3 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Modison Metals latest salaries received from various employees of Modison Metals.