Punch Ratna Fasteners Chennai Junior Engineer Salaries by 5 Employees

1 - 5 years exp.

₹2.5 Lakhs - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% less than the average Junior Engineer Salary in Industrial Machinery Companies for 1 - 5 years of experience

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Salaries in different departments

Quality Assurance Junior Engineer Salary 3 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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Production, Manufacturing & Engineering Junior Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 3 Jun 2024

Companies similar to Punch Ratna Fasteners for Junior Engineer in Chennai

Punch Ratna Fasteners Junior Engineer Salary

1 - 5 years exp. (5 salaries)

₹2.5 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Komatsu Junior Engineer Salary 2 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 22% more
Bosch Power Tools Junior Engineer Salary 3 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹3.1 L/yr At par
Login to view exact salary
Toyota Material Handling Junior Engineer Salary 2 - 5 years exp. (3 salaries)	₹3.6 L/yr - ₹4.1 L/yr 39% more
Bharat FIH Junior Engineer Salary 1 - 8 years exp. (892 salaries)	₹1.2 L/yr - ₹5.5 L/yr 13% more
Flex Junior Engineer Salary 0 - 6 years exp. (501 salaries)	₹2 L/yr - ₹5.5 L/yr 44% more	3 job openings

Junior Engineer salary at Punch Ratna Fasteners ranges between ₹2.5 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Punch Ratna Fasteners.

Experience wise Punch Ratna Fasteners Junior Engineer salaries in Chennai

Last Updated: 3 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Similar Designation salaries in Punch Ratna Fasteners

Quality Engineer Salary

(11 salaries)

₹1.8 L/yr - ₹3.6 L/yr

Senior Engineer Salary

(6 salaries)

₹2.75 L/yr - ₹6.35 L/yr

Deputy Manager Salary

(3 salaries)

₹7.5 L/yr - ₹10.2 L/yr

Salary related reviews for Punch Ratna Fasteners

5.0

Rated by 1 employees for salary & benefits

Quality Engineer in Rohtak

Full Time

Engineering - Software & QA Department

4.0

• posted on 07 Oct 2024

3.0

for Salary and Benefits

Likes

Supportive team, No Leg pulling by anyone , No any compilation between employees- everyday just spend 8.5 hours go back to home.

Skill development - Good

+2 more

Dislikes

Old employee's staying from long time period due to this new employee do not gain achievements in this company. Same Job responsibility from last eight years,so how to learn a employee.

QMS Engineer in Rohtak

Full Time

Quality Managment Systems Department

4.0

• posted on 08 Sep 2017

3.0

for Salary and Benefits

Likes

Company regularly thinks how we can use the new technology to improve the quality of a product & arrange trainings for workers to improve their working skills etc.Nice working environment . Motivational programs arranged by managment to encourage their workers.

Skill development - Good

+3 more

Dislikes

No one is perfect including me.

CNC Machine Operator in Chennai

Contractual

Production, Manufacturing & Engineering Department

4.0

• posted on 26 Sep 2023

4.0

for Salary and Benefits

Likes

They are all the supervisor are work hard and nice persons.

Salary - Good

+1 more

Dislikes

They don't know about the talent person because of all the supervisor are work hard but they have no correct salary and expectations all of them are really talented persons

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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Punch Ratna Fasteners Junior Engineer Salary FAQs

What is the salary of Junior Engineer at Punch Ratna Fasteners in Chennai?

The average salary of a Junior Engineer at Punch Ratna Fasteners in Chennai typically ranges from ₹2.5 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Junior Engineer in Chennai at Punch Ratna Fasteners earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Junior Engineer Salaries at Punch Ratna Fasteners 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 5 Punch Ratna Fasteners employees in India.

What is the estimated take home salary of a Junior Engineer at Punch Ratna Fasteners in Chennai?

The estimated take-home salary of a Junior Engineer at Punch Ratna Fasteners in Chennai typically ranges from ₹20,695 to ₹22,348 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 5 salaries received from various employees of Punch Ratna Fasteners. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Punch Ratna Fasteners for Junior Engineer in India?

Flex	₹2.0 Lakhs to ₹5.5 Lakhs per year
Toyota Material Handling	₹3.6 Lakhs to ₹4.1 Lakhs per year
Komatsu	₹3.0 Lakhs to ₹4.5 Lakhs per year
Bharat FIH	₹1.2 Lakhs to ₹5.5 Lakhs per year

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

What is the salary of a Junior Engineer in companies similar to Punch Ratna Fasteners in Chennai?

The salary of a Junior Engineer at companies similar to Punch Ratna Fasteners in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bosch Power Tools

₹2.8 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 Junior Engineer at Punch Ratna Fasteners in Chennai?

The salary growth for a Junior Engineer at Punch Ratna Fasteners in Chennai depends on factors such as experience, performance, and promotions. On average, a Junior Engineer in Chennai can expect the following growth trajectory at Punch Ratna Fasteners:

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
5 years	₹2.3 Lakhs to ₹2.9 Lakhs per year

and so on.

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Punch Ratna Fasteners Junior Engineer Salaries in Chennai

Punch Ratna Fasteners Junior Engineer salary in Chennai ranges between ₹2.5 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Punch Ratna Fasteners latest salaries received from various employees of Punch Ratna Fasteners.