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Panacea Medical Technologies Product Engineer salaries in India

Annual salary range
2 - 5 years exp.
₹3.6 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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49% less than the average Product Engineer Salary in Medical Equipment Companies for 2 - 5 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Product Engineer Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Product Engineer Salary
3 years exp. (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.6 L/yr

Project & Program Management
Product Engineer Salary
2 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 13 Oct 2023

Companies similar to Panacea Medical Technologies for Product Engineer

Company name Avg Annual Salary Open Jobs
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Philips Product Engineer Salary

0 - 3 years exp. (6 salaries)

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₹9.5 L/yr - ₹11.3 L/yr

arrow icon 148% more
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HARMAN Product Engineer Salary

2 - 5 years exp. (333 salaries)

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₹3.5 L/yr - ₹11.1 L/yr

arrow icon 57% more
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TCS Product Engineer Salary

0 - 4 years exp. (322 salaries)

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₹2.8 L/yr - ₹9.5 L/yr

arrow icon 21% more
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Intellect Design Arena Product Engineer Salary

1 - 4 years exp. (318 salaries)

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₹2.8 L/yr - ₹10 L/yr

arrow icon 47% more
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LTIMindtree Product Engineer Salary

1 - 5 years exp. (260 salaries)

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₹3.6 L/yr - ₹12 L/yr

arrow icon 64% more
Product Engineer salary at Panacea Medical Technologies ranges between ₹3.6 Lakhs to ₹5 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Panacea Medical Technologies.

Latest annual salaries shared by Panacea Medical Technologies Product Engineer

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Experience wise Panacea Medical Technologies Product Engineer salaries

Last Updated: 13 Oct 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹6.4 L/yr
3 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹7.9 L/yr
5 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹5 L/yr

Similar Designation salaries in Panacea Medical Technologies

Project Engineer Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
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₹5 L/yr - ₹9 L/yr
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₹3.85 L/yr - ₹8 L/yr
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₹6.5 L/yr - ₹10.17 L/yr
Web Developer Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
Technical Lead Salary
(7 salaries)
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₹8.6 L/yr - ₹12 L/yr
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₹4 L/yr - ₹5 L/yr
Associate Consultant Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
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₹5.6 L/yr - ₹9 L/yr

Top skills at Panacea Medical Technologies for Product Engineer

Test Cases Product Development Product Engineering Design Review Code Review Requirement Analysis

Salary related reviews for Panacea Medical Technologies

2.0

Rated by 1 employees for salary & benefits

Production, Manufacturing & Engineering Department

5.0
  •  posted on 13 Oct 2021

5.0
 for  Salary and Benefits

Likes

Panacea is the best company for medical components . There job security is good. There All employees are familiers. There are good inviornment and culture.

read more

Dislikes

Language problem. Salary also good. Nothing any bond there.

Engineering - Software & QA Department

3.0
  •  posted on 10 Jun 2018

2.0
 for  Salary and Benefits

Likes

The company is open to Innovation..They used to pay heed to individual requests and greviences. Management is supportive for those who are willing to learn and improve. I loved my colleagues over here,especially alot many from Eletronics and Regulatory Department. Most of them were from different cultural background which is different from mine.i just enjoyed it.

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Dislikes

For any new individual it really feels very unsecure about the job because of the company's strict policies. Team work has to be encouraged. Individuals are to be left free to work integratedly with the concerned departments which would be very necessary in the project point of view. Management policies especially Leave policies that are concerned to head office employees has to be revised.

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Full Time

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Customer Service Department

1.0
  •  posted on 07 Aug 2021

1.0
 for  Salary and Benefits

Likes

Company is good but few peoples are like manger and support team they are only perform politics, ego, abuse language uses and low minded people in support team, company policics is good, hr is good but management is very poor.

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Dislikes

This company is only freshers candidates. Lot of politics and senior engineer is always playing politics with junior engineer not provide proper training.

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Full Time

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Research & Development Department

1.0
  •  posted on 20 Jul 2023

2.0
 for  Salary and Benefits

Likes

I work for stomach, thats it

Dislikes

No appraisal, heavy pressure, no work life balance. They says 9 to 6.30 job but to be good in front of managers we have to work till 7.30. Have to work on alternate saturdays too

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Full Time

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Production, Manufacturing & Engineering Department

2.0
  •  posted on 17 Jun 2023

4.0
 for  Salary and Benefits

Likes

Except for Snake Tongue People, coworkers are the greatest in panacea medical technology.

Dislikes

Management is the absolute worst. Let me explain in more detail. Management: Both directors are humane, but not in terms of work culture. The MD is so down-to-earth that he will lift items and hand them over for work.Its underlying idea is that while I, as MD, perform those tasks, my employees, whether engineers or managers, should do the same.Despite having authorised helpers, management fails at the bottom level. Once he or she has departed from his or her position, management will no longer recognise who you are or how hard you fought for the company's growth, etc. Human Resources: I'm not sure how to convey this. They have an HR document outlining how the work should be done, but the HR head has no idea what he wrote in it.By the way, it's not Human Resources in panacea, it is INHUMAN RESOURCES because of job security; without reason or explanation, your job will be lost since there are no correct work instructions; everyone, regardless of designation has to work like blackbird. There is a flexible timing for work, only for those bifurcated tongue(basically we call it as bucket people's) By the way, in the advertisement, they displayed several benefits, however there are no such benefits. Saturdays are off on alternate weekends, but....you know what I mean. Last but not least, you are always being watched. PEOPLE ARE INTERESTED IN YOUR PERSONAL MATTER RATHER THAN THE WORK. HAVE A GOOD FUTURE ENDEAVOURS FOR NEW JOINERS

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Panacea Medical Technologies Product Engineer Salary FAQs

What is the salary of Product Engineer at Panacea Medical Technologies?
Product Engineer salary at Panacea Medical Technologies in India ranges between ₹3.6 Lakhs to ₹5.0 Lakhs for experience between 2 years to 5 years. According to our estimates it is 49% less than the average Product Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Panacea Medical Technologies India.
How does the salary of a Product Engineer at Panacea Medical Technologies India compare with the average salary range for this job?
The average salary of a Product Engineer at Panacea Medical Technologies is 49% less than the average salary of a Product Engineer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Product Engineer at Panacea Medical Technologies?
Test Cases, Product Development, Product Engineering, Design Review and Code Review are some of the popular skills required to work as a Product Engineer at Panacea Medical Technologies India.
Which similar companies are paying more than Panacea Medical Technologies to a Product Engineer in India?
  • Philips Product Engineer Salary - ₹9.5 Lakhs to ₹11.3 Lakhs per year
  • LTIMindtree Product Engineer Salary - ₹3.6 Lakhs to ₹12.0 Lakhs per year
  • HARMAN Product Engineer Salary - ₹3.5 Lakhs to ₹11.1 Lakhs per year
  • Intellect Design Arena Product Engineer Salary - ₹2.8 Lakhs to ₹10.0 Lakhs per year
  • TCS Product Engineer Salary - ₹2.8 Lakhs to ₹9.5 Lakhs per year
What is the estimated take home salary of a Product Engineer at Panacea Medical Technologies in India?
The estimated take-home salary of a Product Engineer at Panacea Medical Technologies ranges between ₹31,147 per month to ₹32,444 per month in India. The take-home salary calculation is based on the average Panacea Medical Technologies Product Engineer salary in India which ranges between ₹3.6 Lakhs to ₹5.0 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Product Engineer at Panacea Medical Technologies?
According to AmbitionBox, 100% of the Panacea Medical Technologies Product Engineers reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Panacea Medical Technologies Product Engineer salary in India ranges between ₹3.6 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Panacea Medical Technologies latest salaries received from various employees of Panacea Medical Technologies.