Rane (Madras) Procurement Salaries by 4 Employees

0 - 3 years exp.

₹2 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

56% less than the average Procurement Salary in Auto Components Companies for 0 - 3 years of experience

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Last Updated: 25 Sep 2024

Companies similar to Rane (Madras) for Procurement

Company name	Avg Annual Salary	Open Jobs
Rico Auto Industries Procurement Salary 6 - 9 years exp. (3 salaries)	₹5.8 L/yr - ₹6 L/yr 116% more
Accenture Procurement Salary 2 - 7 years exp. (12 salaries)	₹1.7 L/yr - ₹7.8 L/yr 11% more	11 job openings
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IBM Procurement Salary 1 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹5.5 L/yr 13% more
Hyundai Glovis Procurement Salary 0 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 25% less

Procurement salary at Rane (Madras) ranges between ₹2 Lakhs to ₹3 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Rane (Madras) .

Experience wise Rane (Madras) Procurement salaries

Last Updated: 25 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Rane (Madras)

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Store Incharge Salary

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Asst Store Salary

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₹1 L/yr - ₹3.5 L/yr

Dispatch Executive Salary

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₹1.75 L/yr - ₹5 L/yr

Purchase Assistant Salary

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₹1.8 L/yr - ₹4 L/yr

Store Executive Salary

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Purchase Executive Salary

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₹2.25 L/yr - ₹3 L/yr

Buyer Salary

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₹2 L/yr - ₹3 L/yr

Assistant Manager- Purchase Salary

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₹5.65 L/yr - ₹6 L/yr

Purchase Manager Salary

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₹9.57 L/yr - ₹12.8 L/yr

Top skills at Rane (Madras) for Procurement

CNC Gear Hobbing Costing Vendor Development Price Negotiation

Salary related reviews for Rane (Madras)

4.5

Rated by 2 employees for salary & benefits

Quality Inspection Trainee in Hyderabad / Secunderabad

Full Time

Quality Assurance Department

3.0

• posted on 28 Oct 2024

3.0

for Salary and Benefits

Likes

The team members full cooperate with us when work distribution.

Dislikes

...g good.the higher position employees are always talk rudely. Unclean atmosphere. Salary is very less.

Promotions - Bad

+2 more

Quality Controller in Varanavasi

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 29 Jun 2023

2.0

for Salary and Benefits

Likes

I liked to our company rules and regulations and safety frequency is also good and learning is very good. I have to learn more than .

Skill development - Excellent

+2 more

Dislikes

I am unsatisfied for salary and not required to promotion is hurt for good experience people.

Salary - Poor

+2 more

CNC Machine Operator in Chennai

Other Department

3.0

• posted on 09 May 2021

2.0

for Salary and Benefits

Likes

Good work environment. Teammates are supportive . .Management is good & Company policies are also good.

Skill development - Good

Dislikes

This company not for Skill development & learning. No career growth. They don't give good salary hike and bonus every year.

Salary - Poor

+2 more

Senior Executive in Mysuru / Mysore

Material department Department

5.0

• posted on 04 May 2019

5.0

for Salary and Benefits

Likes

Good teammates, Exellent training, job security, career growth, salary and appraisal, travel,Good learning, work environment, innovation, work-life balance,

Salary - Excellent

+6 more

Dislikes

Induvidual Growth is slow. The work pressure is very high. Sometimes, I have to stay more time in a day as I have to attend all the issues.

Quality Engineer

quality Department

4.0

• posted on 08 Nov 2018

3.0

for Salary and Benefits

Likes

No one forces you perticular work because here all work done by team .

Dislikes

Here first very low salary accrding to education qualification even b.Tech qualified has very low salary.There is no trainee special workshop.This company take full work in the name of training

Job security - Poor

+1 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Rane (Madras) Procurement Salary FAQs

What is the salary of Procurement at Rane (Madras) ?

The average salary of a Procurement at Rane (Madras) in India typically ranges from ₹2.0 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Procurement at Rane (Madras) earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Procurement Salaries at Rane (Madras) 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 Rane (Madras) employees in India.

What is the estimated take home salary of a Procurement at Rane (Madras) in India?

The estimated take-home salary of a Procurement at Rane (Madras) in India typically ranges from ₹19,490 to ₹21,161 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.0 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 4 salaries received from various employees of Rane (Madras) . Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Procurement at Rane (Madras) ?

To be a Procurement at Rane (Madras) in india, the key skills required include:

- CNC
- Gear Hobbing
- Costing
- Vendor Development
- Price Negotiation

These skills are highly valued at Rane (Madras) and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Rane (Madras) for Procurement in India?

Rico Auto Industries	₹5.8 Lakhs to ₹6.0 Lakhs per year
IBM	₹1.5 Lakhs to ₹5.5 Lakhs per year
Accenture	₹1.7 Lakhs to ₹7.8 Lakhs per year

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

What is the salary of a Procurement in companies similar to Rane (Madras) in India?

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

Hyundai Glovis

₹1.5 Lakhs to ₹3.0 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 Procurement at Rane (Madras) in India?

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

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹2.3 Lakhs per year
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Rane (Madras) Procurement Salaries

Rane (Madras) Procurement salary in India ranges between ₹2 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Rane (Madras) latest salaries received from various employees of Rane (Madras) .