Monarch Innovation Mechanical Engg. Design Salaries by 10+ Employees

2 - 6 years exp.

₹2.3 Lakhs - ₹5.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

19% less than the average Mechanical Engg. Design Salary for 2 - 6 years of experience

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Last Updated: 21 Apr 2023

Companies similar to Monarch Innovation for Mechanical Engg. Design

Company name	Avg Annual Salary	Open Jobs
Kiswok Industries Mechanical Engg. Design Salary 3 - 12 years exp. (6 salaries)	₹2.8 L/yr - ₹3.9 L/yr 20% less
Seoyon E-hwa Automotive Mechanical Engg. Design Salary 0 - 7 years exp. (4 salaries)	₹1.5 L/yr - ₹7.5 L/yr 19% less
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TCL Mechanical Engg. Design Salary 5 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 5% less
UTL Solar Mechanical Engg. Design Salary 5 - 8 years exp. (3 salaries)	₹5 L/yr - ₹6.3 L/yr 31% more
Maxxis Rubber Mechanical Engg. Design Salary 3 - 6 years exp. (3 salaries)	₹3.3 L/yr - ₹4.2 L/yr 13% less
Marelli Mechanical Engg. Design Salary 3 - 13 years exp. (3 salaries)	₹10.2 L/yr - ₹14.9 L/yr 217% more

Mechanical Engg. Design salary at Monarch Innovation ranges between ₹2.3 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 11 latest salaries received from various employees of Monarch Innovation.

Latest annual salaries shared by Monarch Innovation Mechanical Engg. Design

1y ago

₹5.5 Lakhs

6 years exp.

1y ago

₹4.2 Lakhs

4 years exp.

1y ago

₹3.6 Lakhs

3 years exp.

1y ago

₹2.7 Lakhs

2 years exp.

1y ago

₹5.5 Lakhs

5 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

1y ago

2 years exp.

1y ago

2 years exp.

1y ago

2 years exp.

Experience wise Monarch Innovation Mechanical Engg. Design salaries

Last Updated: 21 Apr 2023

Experience	Avg Annual Salary
2 years (4 salaries)	₹2.3 L/yr - ₹5.7 L/yr
3 years (3 salaries)	₹3.1 L/yr - ₹6.7 L/yr
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4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr

Similar Designation salaries in Monarch Innovation

Design Engineer Salary

(33 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Junior Design Engineer Salary

(9 salaries)

₹1.5 L/yr - ₹5.05 L/yr

BIM Engineer Salary

(8 salaries)

₹2.5 L/yr - ₹3.81 L/yr

Embedded Hardware Engineer Salary

(7 salaries)

₹3.9 L/yr - ₹6.25 L/yr

Embedded Firmware Engineer Salary

(5 salaries)

₹3 L/yr - ₹4 L/yr

Junior BIM Engineer Salary

(4 salaries)

₹2.16 L/yr - ₹3.45 L/yr

Senior Embedded Engineer Salary

(4 salaries)

₹5.1 L/yr - ₹11.5 L/yr

Senior Design Engineer Salary

(3 salaries)

₹5.5 L/yr - ₹8.6 L/yr

Hardware Engineer Salary

(3 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Senior BIM Engineer Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Salary related reviews for Monarch Innovation

3.5

Rated by 3 employees for salary & benefits

Design Engineer in Ahmedabad

Full Time

Research & Development Department

2.0

• posted on 17 Feb 2023

2.0

for Salary and Benefits

Likes

Having flexible time for work.

Dislikes

Management is very very poor, they are not giving response to employees. No salary increment management keep saying we will do but at the end you will not get any increment and they are not stand with commitment. Very bad HR experience they don't know how to speak politely to employees. Senior TL level full politics. I never recommend any one for this company.

Salary - Poor

+3 more

Design Engineer in Ahmedabad

Full Time

Product Management Department

4.0

• posted on 01 Aug 2024

3.0

for Salary and Benefits

Likes

People are very good. Founders are humble. If you like innovation, Monarch Innovation Private Limited is an amazing place to work at.

Skill development - Excellent

+5 more

Dislikes

Initial salary is less but then the company is investing on new joiners by giving access to expensive softwares, etc. so it's a win win situation.

Design Engineer in Ahmedabad

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 15 Feb 2025

4.0

for Salary and Benefits

Likes

Seniors are okay, MDs are good. Being mechanical engineer having weekend off culture is good. Sometimes and some people travel abroad regarding their projects.

Salary - Good

+6 more

Dislikes

Increment cycle has been delayed since last 2 years instead for March it's been implemented around September.

Embedded Firmware Engineer in Ahmedabad

Full Time

Engineering - Software & QA Department

5.0

• posted on 27 Dec 2022

5.0

for Salary and Benefits

Likes

Culture and learning is great. Colleagues and management behaviour is also cooperative. It is a great place for learning and skill development. Growth and exposure to different domain is also provided.

Salary - Excellent

+6 more

Dislikes

I think there is nothing to dislike because management cares for the employee and provides everything which necessary.

Mechanical Engg. Design in Ahmedabad

Research & Development Department

5.0

• posted on 26 May 2022

3.0

for Salary and Benefits

Likes

Good working culture, and great opportunities for career growth. Also having a better Work-life balance. The company has a global client base. Re-hiring policy is better for employees.

Skill development - Good

+5 more

Dislikes

Fewer paid leaves structure. Global client base, so have to work in night shift as well.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Monarch Innovation Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Monarch Innovation ?

The average salary of a Mechanical Engg. Design at Monarch Innovation in India typically ranges from ₹2.3 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Mechanical Engg. Design at Monarch Innovation earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Mechanical Engg. Design Salaries at Monarch Innovation 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 10+ Monarch Innovation employees in India.

What is the estimated take home salary of a Mechanical Engg. Design at Monarch Innovation in India?

The estimated take-home salary of a Mechanical Engg. Design at Monarch Innovation in India typically ranges from ₹31,193 to ₹32,489 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years to 6 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 10+ salaries received from various employees of Monarch Innovation. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Monarch Innovation for Mechanical Engg. Design in India?

Marelli	₹10.2 Lakhs to ₹14.9 Lakhs per year
UTL Solar	₹5.0 Lakhs to ₹6.3 Lakhs per year

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

What is the salary of a Mechanical Engg. Design in companies similar to Monarch Innovation in India?

The salary of a Mechanical Engg. Design at companies similar to Monarch Innovation in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

TCL	₹3.6 Lakhs to ₹4.6 Lakhs per year
Maxxis Rubber	₹3.3 Lakhs to ₹4.2 Lakhs per year
Seoyon E-hwa Automotive	₹1.5 Lakhs to ₹7.5 Lakhs per year
Kiswok Industries	₹2.8 Lakhs to ₹3.9 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 Engg. Design at Monarch Innovation in India?

The salary growth for a Mechanical Engg. Design at Monarch Innovation depends on factors such as experience, performance, and promotions. On average, a Mechanical Engg. Design can expect the following growth trajectory at Monarch Innovation:

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹5.7 Lakhs per year
3 years	₹3.1 Lakhs to ₹6.7 Lakhs per year
4 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
5 years	₹4.2 Lakhs to ₹5.4 Lakhs per year

and so on.

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Monarch Innovation Mechanical Engg. Design Salaries

Monarch Innovation Mechanical Engg. Design salary in India ranges between ₹2.3 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Monarch Innovation latest salaries received from various employees of Monarch Innovation.