Precision Equipments (Chennai) Procurement Engineer Salaries by 8 Employees (Updated 2025)

0 - 3 years exp.

₹2.2 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

33% less than the average Procurement Engineer Salary in Industrial Machinery Companies for 0 - 3 years of experience

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Last Updated: 9 Feb 2025

Companies similar to Precision Equipments (Chennai) for Procurement Engineer

Company name	Avg Annual Salary	Open Jobs
Ace Designers Procurement Engineer Salary 0 - 4 years exp. (11 salaries)	₹2.5 L/yr - ₹6.9 L/yr 66% more
L&T–MHI Power Boilers Procurement Engineer Salary 3 - 12 years exp. (8 salaries)	₹5.5 L/yr - ₹8 L/yr 112% more
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Super Auto Forge Procurement Engineer Salary 2 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹3.1 L/yr 30% less
Bobst India Procurement Engineer Salary 1 - 10 years exp. (5 salaries)	₹2.2 L/yr - ₹8.6 L/yr 108% more
V.S.T Tillers Tractors Procurement Engineer Salary 2 - 7 years exp. (5 salaries)	₹4 L/yr - ₹5.9 L/yr 48% more
Kobelco Construction Equipment India Procurement Engineer Salary 3 - 7 years exp. (4 salaries)	₹4 L/yr - ₹5 L/yr 41% more
HYT Engineering Procurement Engineer Salary 1 - 3 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 15% less
Bosch Power Tools Procurement Engineer Salary 3 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹7.2 L/yr 64% more
Beumer Group Procurement Engineer Salary 1 - 3 years exp. (3 salaries)	₹5 L/yr - ₹6.2 L/yr 72% more
Hyundai Construction Equipment Procurement Engineer Salary 1 - 5 years exp. (3 salaries)	₹4 L/yr - ₹4.1 L/yr 30% more

Procurement Engineer salary at Precision Equipments (Chennai) ranges between ₹2.2 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 8 latest salaries received from various employees of Precision Equipments (Chennai).

Experience wise Precision Equipments (Chennai) Procurement Engineer salaries

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Similar Designation salaries in Precision Equipments (Chennai)

Project Engineer Salary

(12 salaries)

₹1.8 L/yr - ₹5.5 L/yr

Senior Procurement Engineer Salary

(4 salaries)

₹3.5 L/yr - ₹6.5 L/yr

Graduate Engineer Salary

(3 salaries)

₹2 L/yr - ₹2.5 L/yr

Senior Engineer Salary

(15 salaries)

₹3.25 L/yr - ₹7.5 L/yr

Junior Engineer Salary

(4 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Deputy Manager Salary

(10 salaries)

₹5.04 L/yr - ₹8.4 L/yr

Salary related reviews for Precision Equipments (Chennai)

2.0

Rated by 1 employees for salary & benefits

Production Engineer in Sriperumbudur

Full Time

Production Department

4.0

• posted on 12 Dec 2022

3.0

for Salary and Benefits

Likes

1. Lots of growth opportunities if chosen the right department, 2. Management completely supports any new ideas to improvise, 3. Compensation is good for a fresher, but after couple of years you might wanna switch, but in engineering team compensation would be in par with industry standards. 4. Good transport facility through MTC buses, 5. Accommodation and food is provided for a very cheap fee.

Job security - Excellent

Dislikes

1. Certain old people don't welcome new entrants in the best way possible, 2. A big pay parity between the manufacturing and engineering team, 3. Company employes mostly their relatives in engineering team. 4. Food provided is pretty average. 5. Leave benefits could be better

Promotions - Poor

+1 more

Production Engineer in Chennai

Production Department

3.0

• posted on 21 Jun 2022

1.0

for Salary and Benefits

Likes

One can learn a lot of elementary core related stuffs at the earlier stages. But after certain period these, it is hard to work without any compensations and benefits.

Job security - Good

Dislikes

...ys. They will not allow you take leave for the extra time you worked beforehand. Low salary package. No major benefits.

Salary - Bad

+3 more

Welder in Chennai

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 15 Nov 2023

1.0

for Salary and Benefits

Likes

Good working and skill developments very good

Skill development - Excellent

Dislikes

The company with the worst Human Rights Officer and HR Management with the Company. Company will supported only HR Manager not a workers. Human rights Officer they treet the workers very poorly...

Salary - Bad

+4 more

Project Manager in Chennai

Full Time

Project & Program Management Department

5.0

• posted on 30 Jan 2024

2.0

for Salary and Benefits

Likes

We can learn much and it will be helpful in our career growth. However, need to sustain at least 3 years.

Skill development - Excellent

Dislikes

Management needs to focus on bigger growth, instead they are questioning from the bottom level, even though they employed Managers, GM and Vice president.

Salary - Poor

+3 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

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Precision Equipments (Chennai) Procurement Engineer Salary FAQs

What is the salary of Procurement Engineer at Precision Equipments (Chennai) ?

The average salary of a Procurement Engineer at Precision Equipments (Chennai) in India typically ranges from ₹2.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Procurement Engineer at Precision Equipments (Chennai) earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Procurement Engineer Salaries at Precision Equipments (Chennai) 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 8 Precision Equipments (Chennai) employees in India.

What is the estimated take home salary of a Procurement Engineer at Precision Equipments (Chennai) in India?

The estimated take-home salary of a Procurement Engineer at Precision Equipments (Chennai) in India typically ranges from ₹22,556 to ₹24,031 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 3 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 8 salaries received from various employees of Precision Equipments (Chennai). Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Precision Equipments (Chennai) for Procurement Engineer in India?

L&T–MHI Power Boilers	₹5.5 Lakhs to ₹8.0 Lakhs per year
Bobst India	₹2.2 Lakhs to ₹8.6 Lakhs per year
Beumer Group	₹5.0 Lakhs to ₹6.2 Lakhs per year
Ace Designers	₹2.5 Lakhs to ₹6.9 Lakhs per year
Bosch Power Tools	₹2.1 Lakhs to ₹7.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Precision Equipments (Chennai), depending on the role and experience level.

What is the salary of a Procurement Engineer in companies similar to Precision Equipments (Chennai) in India?

The salary of a Procurement Engineer at companies similar to Precision Equipments (Chennai) in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

V.S.T Tillers Tractors	₹4.0 Lakhs to ₹5.9 Lakhs per year
Kobelco Construction Equipment India	₹4.0 Lakhs to ₹5.0 Lakhs per year
Hyundai Construction Equipment	₹4.0 Lakhs to ₹4.1 Lakhs per year
HYT Engineering	₹2.1 Lakhs to ₹3.5 Lakhs per year
Super Auto Forge	₹1.5 Lakhs to ₹3.1 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 Procurement Engineer at Precision Equipments (Chennai) in India?

The salary growth for a Procurement Engineer at Precision Equipments (Chennai) depends on factors such as experience, performance, and promotions. On average, a Procurement Engineer can expect the following growth trajectory at Precision Equipments (Chennai):

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹3.2 Lakhs per year
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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Precision Equipments (Chennai) Procurement Engineer Salaries

Precision Equipments (Chennai) Procurement Engineer salary in India ranges between ₹2.2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Precision Equipments (Chennai) latest salaries received from various employees of Precision Equipments (Chennai).