Permanent Magnets Senior Engineer Salaries by 4 Employees

5 - 10 years exp.

₹4.2 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

42% less than the average Senior Engineer Salary in Metals & Mining Companies for 5 - 10 years of experience

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Salaries in different departments

IT & Information Security Senior Engineer Salary 10 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
Project & Program Management Senior Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.6 L/yr
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Procurement & Supply Chain Senior Engineer Salary 8 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.4 L/yr
Research & Development Senior Engineer Salary 9 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.4 L/yr

Last Updated: 31 Jan 2024

Companies similar to Permanent Magnets for Senior Engineer

Company name	Avg Annual Salary	Open Jobs
Hindalco Industries Senior Engineer Salary 5 - 18 years exp. (173 salaries)	₹4 L/yr - ₹14 L/yr 66% more
Jindal Aluminium Senior Engineer Salary 3 - 10 years exp. (62 salaries)	₹3.8 L/yr - ₹9 L/yr 24% more
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Vedanta Resources Senior Engineer Salary 1 - 10 years exp. (58 salaries)	₹5.5 L/yr - ₹15 L/yr 102% more
Adani Enterprises Senior Engineer Salary 0 - 8 years exp. (36 salaries)	₹4 L/yr - ₹9.5 L/yr 24% more
Sarda Metals & Alloys Senior Engineer Salary 2 - 12 years exp. (31 salaries)	₹4.3 L/yr - ₹7.2 L/yr 18% more
Nava Limited Senior Engineer Salary 4 - 13 years exp. (23 salaries)	₹3 L/yr - ₹7.8 L/yr 1% less
Rungta Mines Senior Engineer Salary 3 - 12 years exp. (22 salaries)	₹4 L/yr - ₹6.3 L/yr 1% less
Chandan Steel Senior Engineer Salary 5 - 11 years exp. (19 salaries)	₹3.1 L/yr - ₹5.4 L/yr 19% less
Steelcast Senior Engineer Salary 5 - 10 years exp. (9 salaries)	₹3 L/yr - ₹4.8 L/yr 28% less
Hindustan Zinc Senior Engineer Salary 3 - 14 years exp. (6 salaries)	₹5.5 L/yr - ₹9.2 L/yr 23% more
Maan Aluminium Senior Engineer Salary 3 - 7 years exp. (6 salaries)	₹2.1 L/yr - ₹6.5 L/yr 26% less
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Timex Group India Senior Engineer Salary 9 - 15 years exp. (6 salaries)	₹4.5 L/yr - ₹8 L/yr 3% more
Ashapura Group Of Industries Senior Engineer Salary 4 - 13 years exp. (5 salaries)	₹3.6 L/yr - ₹6 L/yr 14% less
Coal India Senior Engineer Salary 31 years exp. (4 salaries)	₹8.5 L/yr - ₹21.4 L/yr 185% more
TRL Krosaki Refractories Senior Engineer Salary 1 - 11 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr At par
Multimetals Senior Engineer Salary 0 - 9 years exp. (4 salaries)	₹4.8 L/yr - ₹9.6 L/yr 14% more
Welcast Steels Senior Engineer Salary 4 - 13 years exp. (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr 27% less
Mmp Industries Senior Engineer Salary 9 - 12 years exp. (4 salaries)	₹5.2 L/yr - ₹8.2 L/yr 23% more
Orient Abrasives Senior Engineer Salary 8 - 9 years exp. (3 salaries)	₹3.3 L/yr - ₹3.6 L/yr 36% less
Carborundum Universal Limited Senior Engineer Salary 8 - 12 years exp. (3 salaries)	₹4.4 L/yr - ₹8.9 L/yr 14% more

Senior Engineer salary at Permanent Magnets ranges between ₹4.2 Lakhs to ₹6.5 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Permanent Magnets.

Experience wise Permanent Magnets Senior Engineer salaries

Last Updated: 31 Jan 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
9 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr

View all

Similar Designation salaries in Permanent Magnets

QA QC Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Quality Engineer Salary

(7 salaries)

₹2.75 L/yr - ₹4.5 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

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Permanent Magnets Senior Engineer Salary FAQs

What is the salary of Senior Engineer at Permanent Magnets ?

The average salary of a Senior Engineer at Permanent Magnets in India typically ranges from ₹4.2 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Senior Engineer at Permanent Magnets earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Senior Engineer Salaries at Permanent Magnets can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Permanent Magnets employees in India.

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

The estimated take-home salary of a Senior Engineer at Permanent Magnets in India typically ranges from ₹40,353 to ₹41,513 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 5 years to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Permanent Magnets. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Permanent Magnets for Senior Engineer in India?

Coal India	₹8.5 Lakhs to ₹21.4 Lakhs per year
Vedanta Resources	₹5.5 Lakhs to ₹15.0 Lakhs per year
Hindalco Industries	₹4.0 Lakhs to ₹14.0 Lakhs per year
Jindal Aluminium	₹3.8 Lakhs to ₹9.0 Lakhs per year
Adani Enterprises	₹4.0 Lakhs to ₹9.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Permanent Magnets, depending on the role and experience level.

What is the salary of a Senior Engineer in companies similar to Permanent Magnets in India?

The salary of a Senior Engineer at companies similar to Permanent Magnets in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Hindustan Zinc	₹5.5 Lakhs to ₹9.2 Lakhs per year
Mmp Industries	₹5.2 Lakhs to ₹8.2 Lakhs per year
Sarda Metals & Alloys	₹4.3 Lakhs to ₹7.2 Lakhs per year
Multimetals	₹4.8 Lakhs to ₹9.6 Lakhs per year
Carborundum Universal Limited	₹4.4 Lakhs to ₹8.9 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Senior Engineer at Permanent Magnets in India?

The salary growth for a Senior Engineer at Permanent Magnets depends on factors such as experience, performance, and promotions. On average, a Senior Engineer can expect the following growth trajectory at Permanent Magnets:

Experience	Average Salary Range
5 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
6 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
7 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
8 years	₹5.0 Lakhs to ₹6.4 Lakhs per year

and so on.

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Permanent Magnets Senior Engineer Salaries

Permanent Magnets Senior Engineer salary in India ranges between ₹4.2 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Permanent Magnets latest salaries received from various employees of Permanent Magnets.