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Phoenix Mecano

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4.0

based on 90 Reviews

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Phoenix Mecano Tool Engineer salaries in India

Annual salary range
2 - 4 years exp.
₹3.5 Lakhs - ₹4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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52% less than the average Tool Engineer Salary in Industrial Machinery Companies for 2 - 4 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Phoenix Mecano for Tool Engineer

Company name Avg Annual Salary Open Jobs
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Molex Tool Engineer Salary

4 - 10 years exp. (43 salaries)
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₹4.2 L/yr - ₹9.7 L/yr

arrow icon 55% more
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INTERPLEX Tool Engineer Salary

5 - 10 years exp. (25 salaries)
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₹3 L/yr - ₹5.4 L/yr

arrow icon 11% more
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INDO-MIM Tool Engineer Salary

4 - 14 years exp. (23 salaries)
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₹21 L/yr - ₹30 L/yr

arrow icon 456% more
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Motherson Molds And Diecasting Tool Engineer Salary

1 - 5 years exp. (17 salaries)
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₹1.2 L/yr - ₹4.3 L/yr

arrow icon 40% less
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Aditya Auto Products & Engineering Tool Engineer Salary

1 - 15 years exp. (16 salaries)
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₹27 L/yr - ₹34.5 L/yr

arrow icon 686% more
Tool Engineer salary at Phoenix Mecano ranges between ₹3.5 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Phoenix Mecano.

Latest annual salaries shared by Phoenix Mecano Tool Engineer

1y ago
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3 years exp.
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2 years exp.
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3 years exp.
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4 years exp.

Experience wise Phoenix Mecano Tool Engineer salaries

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹6.6 L/yr
3 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹4 L/yr - ₹7.2 L/yr

Similar Designation salaries in Phoenix Mecano

Senior Engineer Salary
(8 salaries)
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₹4.8 L/yr - ₹7 L/yr
Junior Engineer Salary
(AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr
Quality Engineer Salary
(11 salaries)
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₹3.42 L/yr - ₹6 L/yr
Design Engineer Salary
(17 salaries)
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₹3.2 L/yr - ₹6.5 L/yr
Tool & DIE Maker Salary
(AmbitionBox Estimate)
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₹0.1 L/yr - ₹0.1 L/yr
Mechanical Engineer Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
DIE Maker Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Technician Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
Supervisor Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4.1 L/yr
VMC Programmer Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Phoenix Mecano

3.6

Rated by 2 employees for salary & benefits

Assistant Manager in Pune

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 26 Jun 2023
3.0
 for  Salary and Benefits

Likes

1. Salary one time 2. Job security 3.working culture is too good 4. Seniors are too supportive 5. Who is looking to stay for long terms. It is too good for him

read more
  • Job security - Excellent
    • +2 more

Dislikes

1. Less increment 2. Slow growth 3. No WFH 4. No short leave policy 5. Not a skill growing platform

  • Skill development - Poor
    • +1 more

Deputy Manager in Pune

Full Time

 · 

Other Department

4.0
  •  posted on 26 Oct 2024
4.0
 for  Salary and Benefits

Likes

Organisation's Growth Decision making freedom to all employees Senior's support Technology enhancement

  • Salary - Good
    • +4 more

Dislikes

No health protection coverage for family members. Working Policy varies in diffrent business units.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions
2w
a system engineer
Just had to share this, I got a 100% hike!
I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.
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Phoenix Mecano Tool Engineer Salary FAQs

What is the salary of Tool Engineer at Phoenix Mecano ?
The average salary of a Tool Engineer at Phoenix Mecano in India typically ranges from ₹3.5 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Tool Engineer at Phoenix Mecano earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Tool Engineer Salaries at Phoenix Mecano 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 Phoenix Mecano employees in India.
What is the estimated take home salary of a Tool Engineer at Phoenix Mecano in India?
The estimated take-home salary of a Tool Engineer at Phoenix Mecano in India typically ranges from ₹28,044 to ₹29,438 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 2 years to 4 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 Phoenix Mecano. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Phoenix Mecano for Tool Engineer in India?
Aditya Auto Products & Engineering ₹27.0 Lakhs to ₹34.5 Lakhs per year
INDO-MIM ₹21.0 Lakhs to ₹30.0 Lakhs per year
Molex ₹4.2 Lakhs to ₹9.7 Lakhs per year
INTERPLEX ₹3.0 Lakhs to ₹5.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Phoenix Mecano, depending on the role and experience level.
What is the salary of a Tool Engineer in companies similar to Phoenix Mecano in India?
The salary of a Tool Engineer at companies similar to Phoenix Mecano in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Motherson Molds And Diecasting ₹1.2 Lakhs to ₹4.3 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 Tool Engineer at Phoenix Mecano in India?
The salary growth for a Tool Engineer at Phoenix Mecano depends on factors such as experience, performance, and promotions. On average, a Tool Engineer can expect the following growth trajectory at Phoenix Mecano:

Experience Average Salary Range
2 years ₹3.5 Lakhs to ₹6.6 Lakhs per year
3 years ₹1.5 Lakhs to ₹4.0 Lakhs per year
4 years ₹4.0 Lakhs to ₹7.2 Lakhs per year
and so on.

Tell us how to improve this page.

Phoenix Mecano Tool Engineer salary in India ranges between ₹3.5 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Phoenix Mecano latest salaries received from various employees of Phoenix Mecano.