Permanent Magnets new Product Development Engineer Salaries by 2 Employees (Updated 2024)

4 - 7 years exp.

₹4.1 Lakhs - ₹5.3 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 3 Oct 2024

Companies similar to Permanent Magnets for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Havells new Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹5.5 L/yr - ₹8.6 L/yr 41% more
Thermax Limited new Product Development Engineer Salary 0 - 5 years exp. (4 salaries)	₹6.3 L/yr - ₹10.6 L/yr 89% more
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ABB Group new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 8% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (73 salaries)	₹2.7 L/yr - ₹5.7 L/yr 14% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 30% less

new Product Development Engineer salary at Permanent Magnets ranges between ₹4.1 Lakhs to ₹5.3 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 2 latest salaries received from various employees of Permanent Magnets.

Similar Designation salaries in Permanent Magnets

Product Development Engineer Salary

(4 salaries)

₹3 L/yr - ₹4.4 L/yr

Development Engineer Salary

(25 salaries)

₹2.05 L/yr - ₹8 L/yr

Production Engineer Salary

(25 salaries)

₹2.15 L/yr - ₹6 L/yr

Senior Design Engineer Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Engineer Salary

(4 salaries)

₹4.2 L/yr - ₹6.5 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Quality Engineer Salary

(9 salaries)

₹2.75 L/yr - ₹5.08 L/yr

Software Developer Salary

(4 salaries)

₹2.2 L/yr - ₹3 L/yr

Salary related reviews for Permanent Magnets

3.0

Rated by 1 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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a technical project manager

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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 new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at Permanent Magnets?

According to AmbitionBox, 100% of the Permanent Magnets new Product Development Engineers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Permanent Magnets new Product Development Engineer Salaries

Permanent Magnets new Product Development Engineer salary in India ranges between ₹4.1 Lakhs to ₹5.3 Lakhs. This is an estimate based on latest salaries received from employees of Permanent Magnets.