Permanent Magnets Product Development Engineer Salaries by 6 Employees (Updated 2025)

3 - 6 years exp.

₹3 Lakhs - ₹6.4 Lakhs

Salary of majority employees

39% less than the average Product Development Engineer Salary in Metals & Mining Companies for 3 - 6 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Product Development Engineer Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹6.4 L/yr
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Research & Development Product Development Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.8 L/yr

Last Updated: 19 Feb 2025

Companies similar to Permanent Magnets for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Havells Product Development Engineer Salary 1 - 4 years exp. (6 salaries)	₹5 L/yr - ₹8 L/yr 32% more
Siemens Product Development Engineer Salary 0 - 12 years exp. (7 salaries)	₹6 L/yr - ₹13 L/yr 85% more
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ABB Product Development Engineer Salary 4 - 7 years exp. (5 salaries)	₹5 L/yr - ₹15 L/yr 94% more
Hindalco Industries Product Development Engineer Salary 5 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹6.8 L/yr 3% more
Phenom Product Development Engineer Salary 1 - 4 years exp. (197 salaries)	₹6 L/yr - ₹21.4 L/yr 158% more	2 job openings

Product Development Engineer salary at Permanent Magnets ranges between ₹3 Lakhs to ₹6.4 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Permanent Magnets.

Experience wise Permanent Magnets Product Development Engineer salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹4.4 L/yr
4 years (3 salaries)	₹3.4 L/yr - ₹5.6 L/yr
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5 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
6 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹6.4 L/yr

Similar Designation salaries in Permanent Magnets

New Product Development Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Development Engineer Salary

(26 salaries)

₹2.05 L/yr - ₹8 L/yr

Production Engineer Salary

(22 salaries)

₹2.2 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

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

(7 salaries)

₹2.75 L/yr - ₹4.5 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Software Developer Salary

(4 salaries)

₹2.2 L/yr - ₹3 L/yr

Salary related reviews for Permanent Magnets

Business Development Engineer in Mumbai

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 06 Jan 2025

2.0

for Salary and Benefits

Likes

staff is supportive, paid leaves.. if boss is good. Work culture also good. Stressless work Timing.

Job security - Excellent

+1 more

Dislikes

Leave compensation 300rs for everyone, HR policy very bad, less basic in salary structure as break Indian Pvt company policy also. Salary as per market like bagger. Bad mgmt policy which take advantage of human sychology of worker. Promotion only 8to10%

Salary - Poor

+1 more

R&D Engineer in Thane

Full Time

Research & Development Department

4.0

• posted on 06 Jan 2025

3.0

for Salary and Benefits

Likes

Best company for learning new skills and work ethics. Salary and promotions might not be very good but company culture is very good. Yoh will get to learn a lot as this company does almost all of its projects in house. If you are at the early stage of your career then just go for it.

Skill development - Excellent

+4 more

Dislikes

Salary and promotions might not be very good.

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.

Skill development - Excellent

+3 more

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.

Salary - Excellent

+6 more

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.

Salary - Good

+5 more

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Permanent Magnets Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Permanent Magnets?

Product Development Engineer salary at Permanent Magnets in India ranges between ₹3.0 Lakhs to ₹6.4 Lakhs for experience between 3 years to 6 years. According to our estimates it is 39% less than the average Product Development Engineer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Permanent Magnets India.

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

The average salary of a Product Development Engineer at Permanent Magnets is 39% less than the average salary of a Product Development Engineer in India. To know exact salary insights, login to view.

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

Phenom Product Development Engineer Salary - ₹6.0 Lakhs to ₹21.4 Lakhs per year
ABB Product Development Engineer Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year
Siemens Product Development Engineer Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
Havells Product Development Engineer Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Hindalco Industries Product Development Engineer Salary - ₹2.8 Lakhs to ₹6.8 Lakhs per year

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

The estimated take-home salary of a Product Development Engineer at Permanent Magnets ranges between ₹35,633 per month to ₹36,863 per month in India. The take-home salary calculation is based on the average Permanent Magnets Product Development Engineer salary in India which ranges between ₹3.0 Lakhs to ₹6.4 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Permanent Magnets Product Development Engineers reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Permanent Magnets Product Development Engineer Salaries

Permanent Magnets Product Development Engineer salary in India ranges between ₹3 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Permanent Magnets latest salaries received from various employees of Permanent Magnets.