New Laxmi Steel and Power Production Manager Salaries by 4 Employees

21 - 25 years exp.

₹9.8 Lakhs - ₹10.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Production Manager Salary in Iron & Steel Companies for 21 - 25 years of experience

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Last Updated: 27 Nov 2024

Companies similar to New Laxmi Steel and Power for Production Manager

Company name	Avg Annual Salary	Open Jobs
Chandan Steel Production Manager Salary 9 - 31 years exp. (5 salaries)	₹6 L/yr - ₹11 L/yr 21% less
Sun Pharmaceutical Industries Production Manager Salary 12 - 22 years exp. (165 salaries)	₹6 L/yr - ₹23 L/yr 42% more	3 job openings
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Reliance Industries Production Manager Salary 8 - 19 years exp. (141 salaries)	₹7.8 L/yr - ₹32.3 L/yr 79% more
Lupin Production Manager Salary 12 - 19 years exp. (100 salaries)	₹10 L/yr - ₹23 L/yr 56% more
ICICI Bank Production Manager Salary 1 - 12 years exp. (85 salaries)	₹5.8 L/yr - ₹24.5 L/yr 31% more

Production Manager salary at New Laxmi Steel and Power ranges between ₹9.8 Lakhs to ₹10.8 Lakhs per year for employees with experience between 21 years to 25 years. Salary estimates are based on 4 latest salaries received from various employees of New Laxmi Steel and Power .

Experience wise New Laxmi Steel and Power Production Manager salaries

Last Updated: 27 Nov 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹9.8 L/yr - ₹10.8 L/yr
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Similar Designation salaries in New Laxmi Steel and Power

Production Supervisor Salary

(AmbitionBox Estimate)

₹1.2 L/yr - ₹1.5 L/yr

Shift Incharge Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

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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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New Laxmi Steel and Power Production Manager Salary FAQs

What is the salary of Production Manager at New Laxmi Steel and Power ?

The average salary of a Production Manager at New Laxmi Steel and Power in India typically ranges from ₹9.8 Lakhs to ₹10.8 Lakhs per year, depending on experience (from 21 years to 25 years).

The top 10% of Production Manager at New Laxmi Steel and Power earn more than ₹10.8 Lakhs per year, and the top 1% earn over ₹10.8 Lakhs per year. Production Manager Salaries at New Laxmi Steel and Power 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 New Laxmi Steel and Power employees in India.

What is the estimated take home salary of a Production Manager at New Laxmi Steel and Power in India?

The estimated take-home salary of a Production Manager at New Laxmi Steel and Power in India typically ranges from ₹75,795 to ₹77,759 per month. This is based on the average salary range of ₹9.8 Lakhs to ₹10.8 Lakhs per year for employees with experience ranging from 21 years to 25 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 New Laxmi Steel and Power . Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than New Laxmi Steel and Power for Production Manager in India?

Reliance Industries	₹7.8 Lakhs to ₹32.3 Lakhs per year
Lupin	₹10.0 Lakhs to ₹23.0 Lakhs per year
Sun Pharmaceutical Industries	₹6.0 Lakhs to ₹23.0 Lakhs per year
ICICI Bank	₹5.8 Lakhs to ₹24.5 Lakhs per year

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

What is the salary of a Production Manager in companies similar to New Laxmi Steel and Power in India?

The salary of a Production Manager at companies similar to New Laxmi Steel and Power in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Chandan Steel

₹6.0 Lakhs to ₹11.0 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 Production Manager at New Laxmi Steel and Power in India?

The salary growth for a Production Manager at New Laxmi Steel and Power depends on factors such as experience, performance, and promotions. On average, a Production Manager can expect the following growth trajectory at New Laxmi Steel and Power :

Experience	Average Salary Range
15 years	₹9.8 Lakhs to ₹10.8 Lakhs per year

and so on.

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New Laxmi Steel and Power Production Manager Salaries

New Laxmi Steel and Power Production Manager salary in India ranges between ₹9.8 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 New Laxmi Steel and Power latest salaries received from various employees of New Laxmi Steel and Power .