Modison Metals new Product Development Engineer Salaries by 4 Employees

3 - 8 years exp.

₹2.3 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

27% 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. (8 salaries)	₹1.6 L/yr - ₹3.4 L/yr 11% 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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Amber Enterprises India new Product Development Engineer Salary 4 - 9 years exp. (3 salaries)	₹4.1 L/yr - ₹5.3 L/yr 65% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (70 salaries)	₹2.7 L/yr - ₹5.5 L/yr 35% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 12% 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 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 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)	₹3.2 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr

View all

Similar Designation salaries in Modison Metals

Development Engineer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Production Engineer Salary

(14 salaries)

₹2.2 L/yr - ₹4 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Production Manager Salary

(5 salaries)

₹7.5 L/yr - ₹9.75 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)

₹4.8 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.

Skill development - Good

+4 more

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 .

Salary - Poor

+4 more

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.

Job security - Good

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.

Salary - Poor

+3 more

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Modison Metals new Product Development Engineer Salary FAQs

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

The average salary of a new Product Development Engineer at Modison Metals in India typically ranges from ₹2.3 Lakhs to ₹3.7 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of new Product Development Engineer at Modison Metals earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹3.7 Lakhs per year. new Product Development Engineer Salaries at Modison Metals 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 Modison Metals employees in India.

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 in India typically ranges from ₹21,352 to ₹22,996 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹3.7 Lakhs per year for employees with experience ranging from 3 years to 8 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 4 salaries received from various employees of Modison Metals. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Modison Metals for new Product Development Engineer in India?

Havells	₹5.5 Lakhs to ₹8.6 Lakhs per year
Amber Enterprises India	₹4.1 Lakhs to ₹5.3 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year

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

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

The salary of a new Product Development Engineer at companies similar to Modison Metals in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Salzer Electronics

₹1.6 Lakhs to ₹3.4 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 new Product Development Engineer at Modison Metals in India?

The salary growth for a new Product Development Engineer at Modison Metals depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Modison Metals:

Experience	Average Salary Range
3 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
5 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
6 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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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.