Neel Metal Products new Product Development Engineer Salaries by 7 Employees

1 - 5 years exp.

₹2.7 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% less than the average new Product Development Engineer Salary in Metals & Mining Companies for 1 - 5 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 1 - 5 years exp. (5 salaries)	₹2.8 L/yr - ₹4 L/yr
Project & Program Management new Product Development Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.9 L/yr
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Quality Assurance new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 26 Sep 2024

Companies similar to Neel Metal Products for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Ukay Metal Industries new Product Development Engineer Salary 0 - 9 years exp. (7 salaries)	₹2 L/yr - ₹6 L/yr 34% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 33% more
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L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 10% more
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 23% more
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 18% less

new Product Development Engineer salary at Neel Metal Products ranges between ₹2.7 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 7 latest salaries received from various employees of Neel Metal Products.

Experience wise Neel Metal Products new Product Development Engineer salaries

Last Updated: 26 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (3 salaries)	₹3 L/yr - ₹4 L/yr

Similar Designation salaries in Neel Metal Products

Product Development Engineer Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Development Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Production Engineer Salary

(50 salaries)

₹1.8 L/yr - ₹5.8 L/yr

Product Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Design Engineer Salary

(4 salaries)

₹6 L/yr - ₹7.5 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Assistant Engineer Salary

(4 salaries)

₹2.1 L/yr - ₹2.5 L/yr

Production Manager Salary

(7 salaries)

₹8.25 L/yr - ₹13.01 L/yr

Design Engineer Salary

(11 salaries)

₹2.55 L/yr - ₹9.9 L/yr

Mechanical Engineer Salary

(13 salaries)

₹2.05 L/yr - ₹3.8 L/yr

Top skills at Neel Metal Products for new Product Development Engineer

Sheet Metal PFMEA NPD RFQ New Product Development New Product Design PPAP

Salary related reviews for Neel Metal Products

4.3

Rated by 3 employees for salary & benefits

Manager in Haridwar

Full Time

Other Department

2.0

• posted on 07 Nov 2023

3.0

for Salary and Benefits

Likes

Focus on Productivity, daily EBIDTA monitoring, interaction within organization.

Dislikes

Right Now requirements Not long term vision, No plant upgradation, Salary date uncertain, Whole plant worked 28 consecutive days, including Sundays (got 2 holidays between) but not compensated. Uncertain increment / appraisal date.

Skill development - Poor

+3 more

Engineer in Gurgaon / Gurugram

Full Time

New Product Development Department

5.0

• posted on 28 Apr 2022

3.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent.

Skill development - Excellent

+2 more

Dislikes

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

Junior Executive in Hosur

Full Time

Production Department

1.0

• posted on 10 Dec 2019

1.0

for Salary and Benefits

Likes

...ment, and no respect will be provided by them for your new and innovative ideas. No overtime money will be added in our salary.Safety norms are not being provided to the workers which lead to 2 major accidents in a calendar year. Please consider all the facts before you get employed in this branch.

Dislikes

No increment was provided for employees for the past 4 years, and the management won't keep their words. Unnecessary firing of employees are more often noticed.

Salary - Bad

+6 more

Computer Operator in Rudrapur

Contractual

Media Production & Entertainment Department

1.0

• posted on 07 Jun 2023

1.0

for Salary and Benefits

Likes

The behavior of some employees of the company's components and other departments was very good.

Dislikes

...bad culture of HR department. Food condition is very bad. Manpower harassment. No bonus policy of any kind was given to any contractual manpower.

Salary - Bad

+6 more

Store Keeper/Warehouse Assistant in Manesar

Store & Purchase Department

5.0

• posted on 22 May 2021

5.0

for Salary and Benefits

Likes

...olicies are good, work environment and culture. supportive staff and management.good hike salary. gaming and extra activities are v. good. i like the company and i wana work with thus company.

Salary - Excellent

+6 more

Dislikes

not any major issues.

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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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Neel Metal Products new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Neel Metal Products ?

The average salary of a new Product Development Engineer at Neel Metal Products in India typically ranges from ₹2.7 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of new Product Development Engineer at Neel Metal Products earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. new Product Development Engineer Salaries at Neel Metal Products 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 7 Neel Metal Products employees in India.

What is the estimated take home salary of a new Product Development Engineer at Neel Metal Products in India?

The estimated take-home salary of a new Product Development Engineer at Neel Metal Products in India typically ranges from ₹21,739 to ₹23,227 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 5 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 7 salaries received from various employees of Neel Metal Products. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a new Product Development Engineer at Neel Metal Products ?

To be a new Product Development Engineer at Neel Metal Products in india, the key skills required include:

- Sheet Metal
- PFMEA
- NPD
- RFQ
- New Product Development

These skills are highly valued at Neel Metal Products and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Neel Metal Products for new Product Development Engineer in India?

Ukay Metal Industries	₹2.0 Lakhs to ₹6.0 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
JBM Group	₹1.8 Lakhs to ₹5.7 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 Neel Metal Products, depending on the role and experience level.

What is the salary of a new Product Development Engineer in companies similar to Neel Metal Products in India?

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

Wadhokar

₹1.5 Lakhs to ₹4.0 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 Neel Metal Products in India?

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

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹3.1 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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Neel Metal Products new Product Development Engineer Salaries

Neel Metal Products new Product Development Engineer salary in India ranges between ₹2.7 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Neel Metal Products latest salaries received from various employees of Neel Metal Products.