Novozymes South Asia Formulation Executive Salaries by 5 Employees (Updated 2025)

5 - 15 years exp.

₹4.5 Lakhs - ₹5.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% more than the average Formulation Executive Salary in Biotechnology Companies for 5 - 15 years of experience

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Salaries in different departments

Research & Development Formulation Executive Salary 6 - 15 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.2 L/yr
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Production, Manufacturing & Engineering Formulation Executive Salary 6 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 17 Jan 2025

Companies similar to Novozymes South Asia for Formulation Executive

Company name	Avg Annual Salary	Open Jobs
Atrimed Pharmaceuticals Pvt.ltd Formulation Executive Salary 0 - 3 years exp. (5 salaries)	₹2.6 L/yr - ₹4.6 L/yr 33% less
Torrent Pharmaceuticals Formulation Executive Salary 8 - 10 years exp. (3 salaries)	₹6.2 L/yr - ₹7.2 L/yr 38% more
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Aizant Drug Research Solutions Formulation Executive Salary 3 - 6 years exp. (3 salaries)	₹3.1 L/yr - ₹4 L/yr 29% less
Laurus Labs Formulation Executive Salary 2 - 4 years exp. (3 salaries)	₹4.5 L/yr - ₹5.2 L/yr 1% less
Bafna Pharmaceuticals Formulation Executive Salary 4 - 6 years exp. (3 salaries)	₹3.9 L/yr - ₹4.6 L/yr 13% less

Formulation Executive salary at Novozymes South Asia ranges between ₹4.5 Lakhs to ₹5.2 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of Novozymes South Asia.

Experience wise Novozymes South Asia Formulation Executive salaries

Last Updated: 17 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr
6 years (3 salaries)	₹4.5 L/yr - ₹5 L/yr
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7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
12 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
13 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
14 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
15+ years (AmbitionBox Estimate)	₹5.2 L/yr - ₹5.2 L/yr

View all

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Research Associate Salary

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Research Assistant Salary

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Technical Lead Salary

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Salary related reviews for Novozymes South Asia

4.0

Rated by 2 employees for salary & benefits

Junior Executive in Patalganga, Raigad

Full Time

Research & Development Department

3.0

• posted on 03 Nov 2022

5.0

for Salary and Benefits

Likes

... executive/executive/senior executive as the work is completely physical type. Salary & other benefits are very good but u graduate has to do physical work over there. So u may join at ur own wish. Culture needs to be improved as this physical work must be done by ITI people. Managers and team leaders are supportive and staff is also good.

Salary - Excellent

+2 more

Dislikes

Graduates being hired for physical work.

Accountant in Bangalore / Bengaluru

Finance & Accounting Department

5.0

• posted on 17 Apr 2022

5.0

for Salary and Benefits

Likes

...ny to work with... Environmental friendly company... Good work life balance... Appraisals are fair and they give hike and bonus as per your performance... Team mates are supportive and the management is transparent..

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesnt address our issues.

Maintenance Executive in Bangalore / Bengaluru

Production, Manufacturing & Engineering Department

4.0

• posted on 24 Sep 2017

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high quality products and has a global client base. Another plus point is that my colleges come from various culture background, and we work happily in collaboration. I also like the employee rehire policy here.

Salary - Good

+4 more

Dislikes

Compensation is decent, but growth is slow. The pressure is medium. Some times, I have to work 12-14 hours straight in a day as I have to attend clients call in the evening and sometimes late into the night.

Operations Manager in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

2.0

• posted on 25 Jul 2024

3.0

for Salary and Benefits

Likes

Peers are good , Good working culture.

Job security - Good

+1 more

Dislikes

Overall nothing big but miss a strong HR in a company of this size.We had an earlier HRBP in CSS who was just awesome it is very sad to see we cannot hold on to people in few months time mam left us.Huge respect and regards for the amount of ground reality she had the way she would route our concerns with leaders and managers and yet question leaders respectfully.Today it is a one way track one we do not know who is a HR second the one who is there thinks she is VP HR than a hrbp never seen never heard off.pathetic.

Skill development - Poor

+1 more

Junior Executive in Mumbai

Full Time

Media Production & Entertainment Department

4.0

• posted on 28 Nov 2024

4.0

for Salary and Benefits

Likes

This company is best for every experienced as well as fresher students. Good culture of organisations and all are the supportive and chance to learn more.

Salary - Good

+5 more

Dislikes

Not any dislike about working. Working culture is also good and better than experienced is last company.

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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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Novozymes South Asia Formulation Executive Salary FAQs

What is the salary of Formulation Executive at Novozymes South Asia ?

The average salary of a Formulation Executive at Novozymes South Asia in India typically ranges from ₹4.5 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 5 years to 15 years).

The top 10% of Formulation Executive at Novozymes South Asia earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. Formulation Executive Salaries at Novozymes South Asia 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 5 Novozymes South Asia employees in India.

What is the estimated take home salary of a Formulation Executive at Novozymes South Asia in India?

The estimated take-home salary of a Formulation Executive at Novozymes South Asia in India typically ranges from ₹36,401 to ₹37,620 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from 5 years to 15 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 5 salaries received from various employees of Novozymes South Asia. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Novozymes South Asia for Formulation Executive in India?

Torrent Pharmaceuticals

₹6.2 Lakhs to ₹7.2 Lakhs per year

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

What is the salary of a Formulation Executive in companies similar to Novozymes South Asia in India?

The salary of a Formulation Executive at companies similar to Novozymes South Asia in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Laurus Labs	₹4.5 Lakhs to ₹5.2 Lakhs per year
Bafna Pharmaceuticals	₹3.9 Lakhs to ₹4.6 Lakhs per year
Aizant Drug Research Solutions	₹3.1 Lakhs to ₹4.0 Lakhs per year
Atrimed Pharmaceuticals Pvt.ltd	₹2.6 Lakhs to ₹4.6 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 Formulation Executive at Novozymes South Asia in India?

The salary growth for a Formulation Executive at Novozymes South Asia depends on factors such as experience, performance, and promotions. On average, a Formulation Executive can expect the following growth trajectory at Novozymes South Asia:

Experience	Average Salary Range
5 years	₹4.5 Lakhs to ₹8.2 Lakhs per year
6 years	₹4.5 Lakhs to ₹5.0 Lakhs per year
7 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
8 years	₹4.3 Lakhs to ₹5.4 Lakhs per year

and so on.

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Novozymes South Asia Formulation Executive Salaries

Novozymes South Asia Formulation Executive salary in India ranges between ₹4.5 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Novozymes South Asia latest salaries received from various employees of Novozymes South Asia.