Ramkrishna Foundry new Product Development Engineer Salaries by 4 Employees (Updated 2025)

1 - 4 years exp.

₹1.8 Lakh - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% less than the average new Product Development Engineer Salary for 1 - 4 years of experience

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Last Updated: 14 Mar 2025

Companies similar to Ramkrishna Foundry 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 69% more
Tech Mahindra new Product Development Engineer Salary 4 - 6 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 103% more
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HCLTech new Product Development Engineer Salary 0 - 16 years exp. (4 salaries)	₹9 L/yr - ₹16 L/yr 285% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 34% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 11% more

new Product Development Engineer salary at Ramkrishna Foundry ranges between ₹1.8 Lakh to ₹3.6 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Ramkrishna Foundry.

Experience wise Ramkrishna Foundry new Product Development Engineer salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in Ramkrishna Foundry

Development Engineer Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Production Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Quality Engineer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

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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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Ramkrishna Foundry new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Ramkrishna Foundry ?

The average salary of a new Product Development Engineer at Ramkrishna Foundry in India typically ranges from ₹1.8 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of new Product Development Engineer at Ramkrishna Foundry earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. new Product Development Engineer Salaries at Ramkrishna Foundry 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 Ramkrishna Foundry employees in India.

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

The estimated take-home salary of a new Product Development Engineer at Ramkrishna Foundry in India typically ranges from ₹21,498 to ₹23,139 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year 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 Ramkrishna Foundry. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Ramkrishna Foundry 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
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year

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

How the salary growth look like for a new Product Development Engineer at Ramkrishna Foundry in India?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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Ramkrishna Foundry new Product Development Engineer Salaries

Ramkrishna Foundry new Product Development Engineer salary in India ranges between ₹1.8 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Ramkrishna Foundry latest salaries received from various employees of Ramkrishna Foundry.