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Permanent Magnets Product Development Engineer salaries in Mumbai

Annual salary range
3 - 5 years exp.
₹3 Lakhs - ₹4.4 Lakhs
Salary of majority employees
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45% less than the average Product Development Engineer Salary in Metals & Mining Companies for 3 - 5 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Product Development Engineer Salary
3 - 5 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.6 L/yr

Research & Development
Product Development Engineer Salary
3 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.8 L/yr

Last Updated: 25 May 2024

Companies similar to Permanent Magnets for Product Development Engineer in Mumbai

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Permanent Magnets Product Development Engineer Salary

3 - 5 years exp. (4 salaries)

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₹3 L/yr - ₹4.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹5 L/yr - ₹6.3 L/yr

arrow icon 62% more
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₹8.2 L/yr - ₹10 L/yr

arrow icon 134% more
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COROB Product Development Engineer Salary

3 - 6 years exp. (4 salaries)

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₹3.5 L/yr - ₹4 L/yr

arrow icon 3% more
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₹3 L/yr - ₹3.1 L/yr

arrow icon 16% less
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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 16% less
Product Development Engineer salary at Permanent Magnets ranges between ₹3 Lakhs to ₹4.4 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Permanent Magnets.

Latest annual salaries shared by Permanent Magnets Product Development Engineer in Mumbai

7mo ago
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3 years exp.
1y ago
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3 years exp.
1y ago
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5 years exp.

Experience wise Permanent Magnets Product Development Engineer salaries in Mumbai

Last Updated: 25 May 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in Permanent Magnets

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₹2.05 L/yr - ₹8 L/yr
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₹2.15 L/yr - ₹6 L/yr
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₹2.75 L/yr - ₹5.08 L/yr
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₹4.2 L/yr - ₹5.8 L/yr

Salary related reviews for Permanent Magnets

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%

read more
  • Salary - Poor
    +1 more

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.

read more
  • Skill development - Excellent
    +4 more

Dislikes

Salary and promotions might not be very good.

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.

read more
  • Skill development - Excellent
    +3 more

Dislikes

1. Salary 2. Appraisals

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.

read more
  • Salary - Excellent
    +6 more

Dislikes

Nil

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.

read more
  • 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.

read more
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Permanent Magnets Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Permanent Magnets Mumbai?
Product Development Engineer salary at Permanent Magnets in Mumbai ranges between ₹3.0 Lakhs to ₹4.4 Lakhs for experience between 3 years to 5 years. According to our estimates it is 45% less than the average Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Permanent Magnets Mumbai.
How does the salary of a Product Development Engineer at Permanent Magnets Mumbai compare with the average salary range for this job?
The average salary of a Product Development Engineer at Permanent Magnets is 45% less than the average salary of a Product Development Engineer in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Permanent Magnets to a Product Development Engineer in Mumbai?
  • DXC Technology Product Development Engineer Salary - ₹8.2 Lakhs to ₹10.0 Lakhs per year
  • Fiber Optic Sensing Solutions Product Development Engineer Salary - ₹5.0 Lakhs to ₹6.3 Lakhs per year
  • COROB Product Development Engineer Salary - ₹3.5 Lakhs to ₹4.0 Lakhs per year
What is the salary of a Product Development Engineer in companies similar to Permanent Magnets in Mumbai?
  • Petuela Industries Product Development Engineer Salary - ₹3.0 Lakhs to ₹3.1 Lakhs per year
  • CG Power and Industrial Solutions Product Development Engineer Salary - ₹2.7 Lakhs to ₹3.5 Lakhs per year
What is the estimated take home salary of a Product Development Engineer at Permanent Magnets in Mumbai?
The estimated take-home salary of a Product Development Engineer at Permanent Magnets ranges between ₹26,217 per month to ₹27,638 per month in Mumbai. 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 ₹4.4 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Product Development Engineer at Permanent Magnets in Mumbai?
According to AmbitionBox, 100% of the Permanent Magnets Product Development Engineers in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Permanent Magnets Product Development Engineer salary in Mumbai ranges between ₹3 Lakhs to ₹4.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Permanent Magnets latest salaries received from various employees of Permanent Magnets.