RiconPharma India Private Limited Formulation Scientist Salaries by 4 Employees (Updated 2025)

2 - 10 years exp.

₹6.3 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

24% more than the average Formulation Scientist Salary in Pharma Companies for 2 - 10 years of experience

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Last Updated: 8 Mar 2025

Companies similar to RiconPharma India Private Limited for Formulation Scientist

Company name	Avg Annual Salary	Open Jobs
Dr. Reddy's Formulation Scientist Salary 1 - 10 years exp. (268 salaries)	₹4.2 L/yr - ₹12.4 L/yr At par
Aurobindo Pharma Formulation Scientist Salary 2 - 9 years exp. (15 salaries)	₹3.8 L/yr - ₹11 L/yr 23% less
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Medreich Formulation Scientist Salary 0 - 3 years exp. (14 salaries)	₹2.5 L/yr - ₹4 L/yr 61% less
Teva Pharmaceuticals Formulation Scientist Salary 5 - 14 years exp. (10 salaries)	₹7.4 L/yr - ₹18 L/yr 45% more
Zydus Lifesciences Formulation Scientist Salary 1 - 9 years exp. (9 salaries)	₹1.5 L/yr - ₹10.2 L/yr 35% less

Formulation Scientist salary at RiconPharma India Private Limited ranges between ₹6.3 Lakhs to ₹12 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of RiconPharma India Private Limited .

Experience wise RiconPharma India Private Limited Formulation Scientist salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
3 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
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9 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
10 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr

Similar Designation salaries in RiconPharma India Private Limited

Associate Scientist Salary

(3 salaries)

₹3.35 L/yr - ₹4.5 L/yr

Senior Scientist Salary

(14 salaries)

₹6 L/yr - ₹12.65 L/yr

Analytical Scientist Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Research Scientist Salary

(4 salaries)

₹4 L/yr - ₹10.5 L/yr

Principal Scientist Salary

(AmbitionBox Estimate)

₹14.1 L/yr - ₹18.1 L/yr

Scientist Salary

(12 salaries)

₹4.09 L/yr - ₹7.2 L/yr

Senior Research Scientist Salary

(AmbitionBox Estimate)

₹10.5 L/yr - ₹13.5 L/yr

Deputy Manager Salary

(11 salaries)

₹9.1 L/yr - ₹16 L/yr

Senior Officer Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Research Associate Salary

(5 salaries)

₹6 L/yr - ₹7.8 L/yr

Salary related reviews for RiconPharma India Private Limited

Assistant General Manager Project Management in Uppal

Full Time

Research & Development Department

5.0

• posted on 20 Nov 2023

5.0

for Salary and Benefits

Likes

Culture, HR Policies, Employee engagement and future opportunities, proactive in taking employee welfare initiatives, Listen to employee feedback, create employe well-being programs, Boost employee morale, Monitory benefits, Team outings, Lunches, Celebrating the success of product, birthdays, festivals, Investing in employee training and development, concerned on employee health and creating awareness, Inspiring leadership.

Salary - Excellent

+6 more

Dislikes

None

Sr. Administration Executive in Uppal

Full Time

Research & Development Department

5.0

• posted on 20 Dec 2023

5.0

for Salary and Benefits

Likes

A positive work culture, prioritise the well-being of the employees. Offers support to all the levels of the employees in the organisation and has great work policies, encourage, respect, trust and support to all the employees within the organisation. Great place to work :)

Salary - Excellent

+6 more

Dislikes

No dislikes

Senior Scientist in Uppal

Full Time

Research & Development Department

5.0

• posted on 28 Dec 2023

5.0

for Salary and Benefits

Likes

Good Work culture, excellent food, yearly team outings i hope learning new innovative things and Hr support is good and Everytime ask employee decision and Good insurance policies i loved and enjoyed. Thans Ricon....

Salary - Excellent

+6 more

Dislikes

None

Manager in Hyderabad / Secunderabad

Full Time

Project & Program Management Department

4.0

• posted on 02 Aug 2023

4.0

for Salary and Benefits

Likes

It's an overall good organisation with lot of support from your colleague and management. Good work culture with a social life balance.

Salary - Good

+5 more

Dislikes

Still in a process to develop the eco system within the organisation at global level.

Deputy Manager in Hyderabad / Secunderabad

Analytical Research & Development Department

5.0

• posted on 29 Nov 2021

5.0

for Salary and Benefits

Likes

I have joined recently in this organisation, working environment, company policies, food, culture is very good, This employer genuinely cares for your growth, both professionally and personally....

Salary - Excellent

+6 more

Dislikes

Nothing to specify

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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RiconPharma India Private Limited Formulation Scientist Salary FAQs

What is the salary of Formulation Scientist at RiconPharma India Private Limited ?

The average salary of a Formulation Scientist at RiconPharma India Private Limited in India typically ranges from ₹6.3 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Formulation Scientist at RiconPharma India Private Limited earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Formulation Scientist Salaries at RiconPharma India Private Limited 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 RiconPharma India Private Limited employees in India.

What is the estimated take home salary of a Formulation Scientist at RiconPharma India Private Limited in India?

The estimated take-home salary of a Formulation Scientist at RiconPharma India Private Limited in India typically ranges from ₹66,421 to ₹68,119 per month. This is based on the average salary range of ₹6.3 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 2 years to 10 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 RiconPharma India Private Limited . Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than RiconPharma India Private Limited for Formulation Scientist in India?

Teva Pharmaceuticals	₹7.4 Lakhs to ₹18.0 Lakhs per year
Dr. Reddy's	₹4.2 Lakhs to ₹12.4 Lakhs per year

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

What is the salary of a Formulation Scientist in companies similar to RiconPharma India Private Limited in India?

The salary of a Formulation Scientist at companies similar to RiconPharma India Private Limited in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aurobindo Pharma	₹3.8 Lakhs to ₹11.0 Lakhs per year
Zydus Lifesciences	₹1.5 Lakhs to ₹10.2 Lakhs per year
Medreich	₹2.5 Lakhs to ₹4.0 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 Formulation Scientist at RiconPharma India Private Limited in India?

The salary growth for a Formulation Scientist at RiconPharma India Private Limited depends on factors such as experience, performance, and promotions. On average, a Formulation Scientist can expect the following growth trajectory at RiconPharma India Private Limited :

Experience	Average Salary Range
2 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
3 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
9 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
10 years	₹10.8 Lakhs to ₹13.8 Lakhs per year

and so on.

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RiconPharma India Private Limited Formulation Scientist Salaries

RiconPharma India Private Limited Formulation Scientist salary in India ranges between ₹6.3 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 RiconPharma India Private Limited latest salaries received from various employees of RiconPharma India Private Limited .

RiconPharma India Private Limited Formulation Scientist salaries in India (Updated 2025)

Companies similar to RiconPharma India Private Limited for Formulation Scientist

Latest annual salaries shared by RiconPharma India Private Limited Formulation Scientist

Experience wise RiconPharma India Private Limited Formulation Scientist salaries

Similar Designation salaries in RiconPharma India Private Limited

Salary related reviews for RiconPharma India Private Limited

Assistant General Manager Project Management in Uppal

Sr. Administration Executive in Uppal

Senior Scientist in Uppal

Manager in Hyderabad / Secunderabad

Deputy Manager in Hyderabad / Secunderabad

RiconPharma India Private Limited Formulation Scientist Salary FAQs

Tell us how to improve this page.