Permanent Magnets Design & Development Engineer Salaries by 4 Employees (Updated 2024)

1 - 6 years exp.

₹3.2 Lakhs - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

37% less than the average Design & Development Engineer Salary in Metals & Mining Companies for 1 - 6 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Design & Development Engineer Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.5 L/yr
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Research & Development Design & Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.5 L/yr

Last Updated: 12 Dec 2024

Companies similar to Permanent Magnets for Design & Development Engineer

Company name	Avg Annual Salary	Open Jobs
Havells Design & Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 42% more
Thermax Limited Design & Development Engineer Salary 3 - 6 years exp. (4 salaries)	₹3 L/yr - ₹6.5 L/yr 24% more
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Siemens Design & Development Engineer Salary 2 - 12 years exp. (9 salaries)	₹10 L/yr - ₹20.5 L/yr 349% more	2 job openings
Siemens Healthineers Design & Development Engineer Salary 1 - 7 years exp. (113 salaries)	₹8 L/yr - ₹20.3 L/yr 367% more
Siemens Healthcare Design & Development Engineer Salary 2 - 6 years exp. (50 salaries)	₹7.5 L/yr - ₹20 L/yr 299% more	1 job opening

Design & Development Engineer salary at Permanent Magnets ranges between ₹3.2 Lakhs to ₹4.1 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Permanent Magnets.

Experience wise Permanent Magnets Design & Development Engineer salaries

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.2 L/yr
4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹6.8 L/yr

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Salary related reviews for Permanent Magnets

3.1

Rated by 3 employees for salary & benefits

Senior Engineer Marketing in Mira Bhayandar

Full Time

Marketing & Communication Department

4.0

• posted on 21 Apr 2023

3.0

for Salary and Benefits

Likes

1. On time salary 2. Good team and senior support 3. Mediclaim facilities 4. Transportation services 5. Good learning opportunities(interpersonal skill development) 6. Getting lot of new opportunities.

Dislikes

1. Salary 2. Appraisals

HR Manager in Miraroad

HR Department

5.0

• posted on 22 Dec 2021

5.0

for Salary and Benefits

Likes

...here. For performers, the job is always secured at Permanent Magnets Limited. No employee lost his job in this pandemic or had a pay cut. Traveling reimbursement was completely taken care of during the pandemic.

Dislikes

Nil

Telephone Operator And Receptionist in Mira Bhayandar

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 12 Oct 2023

4.0

for Salary and Benefits

Likes

I have been working at this company since past 10 years and its fantastic journey so far.The positive working culture,supportive staff,and excellent environment.its a great place to work. We get lots of benefits of being part of this company is like PF ,Medical insurance ,travelling facilities. In addition we enjoyed yearly picnic ,get together-party and many more small event . The company prioritizes the well being and happiness of its employees.

Dislikes

There is no such a perfect company as well as employee itself to fulfill each others countless choices ,but we have to select some most important criteria when selecting of the company that we choose for work.

Consultant in Mira Bhayandar

Full Time

Nil Department

5.0

• posted on 24 Nov 2022

5.0

for Salary and Benefits

Likes

Rightness Personnel Solutions Pvt. Ltd. is having a very good experience with Permanent Magnets Ltd. This organisation values its clients, vendors, employees & delivers the best output in timely and compliant way. It is a pleasure dealing with PML & their Personnel are exceptional, especially their HR Manager Mrs. Shweta Kelkar. Wishing your company all the very best for future endeavours!

Dislikes

Nil

Quality Assurance Engineer in Mumbai

Quality / Hiperm Division Department

5.0

• posted on 04 Nov 2019

4.0

for Salary and Benefits

Likes

-The Company is Public limited and the exposure to process is good. -Here you get enormous opportunity for self learning. -Processes are niche and rare to find in other companies. -Good people and seniors are a complete package of knowledge which you can absorb. -On Time appraisals -Many International standards to learn and follow

Dislikes

-Company do not provide training ( Not atleast in the plant I was posted) -Initial Perks are less but it increases gradually. -Employee politics -Work environment and infrastructure

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Permanent Magnets Design & Development Engineer Salary FAQs

What is the salary of Design & Development Engineer at Permanent Magnets?

Design & Development Engineer salary at Permanent Magnets in India ranges between ₹3.2 Lakhs to ₹4.1 Lakhs for experience between 1 years to 6 years. According to our estimates it is 37% less than the average Design & Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Permanent Magnets India.

How does the salary of a Design & Development Engineer at Permanent Magnets India compare with the average salary range for this job?

The average salary of a Design & Development Engineer at Permanent Magnets is 37% less than the average salary of a Design & Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Permanent Magnets to a Design & Development Engineer in India?

Siemens Healthineers Design & Development Engineer Salary - ₹8.0 Lakhs to ₹20.3 Lakhs per year
Siemens Design & Development Engineer Salary - ₹10.0 Lakhs to ₹20.5 Lakhs per year
Siemens Healthcare Design & Development Engineer Salary - ₹7.5 Lakhs to ₹20.0 Lakhs per year
Havells Design & Development Engineer Salary - ₹3.6 Lakhs to ₹7.5 Lakhs per year
Thermax Limited Design & Development Engineer Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Design & Development Engineer at Permanent Magnets in India?

The estimated take-home salary of a Design & Development Engineer at Permanent Magnets ranges between ₹25,431 per month to ₹26,863 per month in India. The take-home salary calculation is based on the average Permanent Magnets Design & Development Engineer salary in India which ranges between ₹3.2 Lakhs to ₹4.1 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Design & Development Engineer at Permanent Magnets?

According to AmbitionBox, 100% of the Permanent Magnets Design & Development Engineers reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Permanent Magnets Design & Development Engineer Salaries

Permanent Magnets Design & Development Engineer salary in India ranges between ₹3.2 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Permanent Magnets latest salaries received from various employees of Permanent Magnets.