Polyfit Fabricators new Product Development Engineer Salaries by 6 Employees (Updated 2025)

0 - 21 years exp.

₹2 Lakhs - ₹4.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

15% less than the average new Product Development Engineer Salary for 0 - 21 years of experience

Interested in this particular role?

Salaries in different departments

Quality Assurance new Product Development Engineer Salary 0 - 21 years exp. (5 salaries)	₹2.5 L/yr - ₹4.3 L/yr
Login to view exact salary
Research & Development new Product Development Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 5 Mar 2025

Companies similar to Polyfit Fabricators for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
TCS new Product Development Engineer Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7.6 L/yr 47% more
Tech Mahindra new Product Development Engineer Salary 4 - 6 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 77% more
Login to view exact salary
HCLTech new Product Development Engineer Salary 0 - 16 years exp. (4 salaries)	₹9 L/yr - ₹16 L/yr 235% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 17% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 3% less

new Product Development Engineer salary at Polyfit Fabricators ranges between ₹2 Lakhs to ₹4.3 Lakhs per year for employees with less than 1 year of experience to 21 years. Salary estimates are based on 6 latest salaries received from various employees of Polyfit Fabricators.

Experience wise Polyfit Fabricators new Product Development Engineer salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
10 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
12 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
13 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
14 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
15+ years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in Polyfit Fabricators

Product Development Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Production Engineer Salary

(5 salaries)

₹2.3 L/yr - ₹5.4 L/yr

Design Engineer Salary

(10 salaries)

₹2.76 L/yr - ₹4.5 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹4.2 L/yr - ₹5.4 L/yr

Production Supervisor Salary

(3 salaries)

₹1.8 L/yr - ₹3.2 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Quality Engineer Salary

(14 salaries)

₹1.5 L/yr - ₹5 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Shift Incharge Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Top skills at Polyfit Fabricators for new Product Development Engineer

SAP CO Costing Product Design New Product Development AutoCAD Rework RFQ 3D Modeling CSWIP

Salary related reviews for Polyfit Fabricators

1.0

Rated by 1 employees for salary & benefits

CNC Programmer in Chennai

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 16 Aug 2024

1.0

for Salary and Benefits

Likes

This company only a skill development centre.Not able to earning money.Its give lot of pain and depression. CNC SUPERVISOR WAS worst and tools management was poor.

Skill development - Excellent

Dislikes

When you want increment make sound use chin-chak heavy

Salary - Bad

+5 more

Chartered Accountant in Chennai

Full Time

Other Department

5.0

• posted on 20 Nov 2024

3.0

for Salary and Benefits

Likes

I'm learning more skills in that short period time And my teams is very good persons and MD sir Mohamed sir is wonderful person in my life.... Thanks a lots Polyfit fabricators private limited company.Im really missed my company 🥺❤️

Skill development - Excellent

+5 more

Dislikes

Nothing

Supervisor in Chennai

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 06 Jun 2023

3.0

for Salary and Benefits

Likes

Companies i am working now cnc machine lathe machine welding machine have all kinds of machines people working here are good workers good job company

Promotions - Good

Dislikes

Now my income is less in the company i am working in and the system is not well maintained in this company so i want to work in a better company.

Company culture - Bad

+1 more

see more salary related reviews

Top trending discussions

View All

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?

Got a question about Polyfit Fabricators?

Ask anonymously on communities.

Polyfit Fabricators new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Polyfit Fabricators ?

The average salary of a new Product Development Engineer at Polyfit Fabricators in India typically ranges from ₹2.0 Lakhs to ₹4.3 Lakhs per year, depending on experience (from Fresher to 21 years).

The top 10% of new Product Development Engineer at Polyfit Fabricators earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. new Product Development Engineer Salaries at Polyfit Fabricators 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 6 Polyfit Fabricators employees in India.

What is the estimated take home salary of a new Product Development Engineer at Polyfit Fabricators in India?

The estimated take-home salary of a new Product Development Engineer at Polyfit Fabricators in India typically ranges from ₹25,106 to ₹26,543 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from Fresher to 21 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 6 salaries received from various employees of Polyfit Fabricators. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a new Product Development Engineer at Polyfit Fabricators ?

To be a new Product Development Engineer at Polyfit Fabricators in india, the key skills required include:

- SAP CO
- Costing
- Product Design
- New Product Development
- AutoCAD

These skills are highly valued at Polyfit Fabricators and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Polyfit Fabricators for new Product Development Engineer in India?

HCLTech	₹9.0 Lakhs to ₹16.0 Lakhs per year
Tech Mahindra	₹4.0 Lakhs to ₹7.0 Lakhs per year
TCS	₹3.4 Lakhs to ₹7.6 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to Polyfit Fabricators in India?

The salary of a new Product Development Engineer at companies similar to Polyfit Fabricators in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L.G.Balakrishnan & Bros

₹1.8 Lakhs to ₹5.0 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 new Product Development Engineer at Polyfit Fabricators in India?

The salary growth for a new Product Development Engineer at Polyfit Fabricators depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Polyfit Fabricators:

Experience	Average Salary Range
Fresher	₹2.3 Lakhs to ₹2.9 Lakhs per year
1 year	₹2.4 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Polyfit Fabricators Salaries >
Polyfit Fabricators new Product Development Engineer Salaries

Polyfit Fabricators new Product Development Engineer salary in India ranges between ₹2 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Polyfit Fabricators latest salaries received from various employees of Polyfit Fabricators.