Rishabh Instruments Limited Product Design Engineer Salaries by 5 Employees

3 - 6 years exp.

₹4.5 Lakhs - ₹6.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% less than the average Product Design Engineer Salary in Electronics Manufacturing Companies for 3 - 6 years of experience

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Last Updated: 4 Aug 2024

Companies similar to Rishabh Instruments Limited for Product Design Engineer

Company name	Avg Annual Salary	Open Jobs
WEG Product Design Engineer Salary 1 - 3 years exp. (11 salaries)	₹2.8 L/yr - ₹5.1 L/yr 38% less
Alfanar Product Design Engineer Salary 9 - 13 years exp. (4 salaries)	₹8 L/yr - ₹30 L/yr 225% more
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Mercedes-Benz Research and Development India Product Design Engineer Salary 1 - 9 years exp. (485 salaries)	₹6.5 L/yr - ₹15 L/yr 90% more
Cummins Product Design Engineer Salary 1 - 11 years exp. (196 salaries)	₹4.2 L/yr - ₹17 L/yr 60% more
Faurecia Product Design Engineer Salary 5 - 11 years exp. (135 salaries)	₹6.5 L/yr - ₹15.3 L/yr 102% more

Product Design Engineer salary at Rishabh Instruments Limited ranges between ₹4.5 Lakhs to ₹6.7 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Rishabh Instruments Limited.

Experience wise Rishabh Instruments Limited Product Design Engineer salaries

Last Updated: 4 Aug 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.9 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.7 L/yr
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5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.7 L/yr
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.4 L/yr

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Salary related reviews for Rishabh Instruments Limited

1.0

Rated by 1 employees for salary & benefits

International Sales Manager in Nashik

Full Time

Sales & Business Development Department

2.0

• posted on 08 Jan 2024

1.0

for Salary and Benefits

Likes

Job security is well enough but you won't be happy.

Dislikes

...anagement. In Sales, employees do not stay longer than 1 or 2 years averagely.. because of culture and low salaries. Very strict rules. No perks for the employees even not company sponsored mediclaim for safety and security.

Salary - Bad

+3 more

Territory Manager in Ahmedabad

Full Time

Sales & Business Development Department

4.0

• posted on 08 Apr 2023

3.0

for Salary and Benefits

Likes

Work culture and guidance received from the colleagues are excellent, which always give you a positive environment to develop your skills.

Skill development - Good

+5 more

Dislikes

Salary hikes are not so good as expected according to current market scenario.

Executive in Nashik

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 30 Apr 2023

2.0

for Salary and Benefits

Likes

Well known company with great potential. HR are supportive.

Job security - Excellent

Dislikes

..., So their mindset is very limited. Even they dont appreciate their downline. 2. Salary is too low as compare to education. 3. No proper appraisals.

Salary - Poor

+2 more

Sales Engineer in Nashik

Full Time

Sales & Business Development Department

4.0

• posted on 22 May 2022

3.0

for Salary and Benefits

Likes

A good company to start a career with for fresher or 1-3 years experienced candidate You'll get to know the basics of a manufacturing industry with a focus on quality. You'll learn to do multiple job roles with same profile

Skill development - Good

+4 more

Dislikes

Compensation is average Oldish work culture and policies Slow career growth Lack of engagement, training programs or activities from HR Dep

Executive Engineer in Nashik

Full Time

Engineering - Software & QA Department

3.0

• posted on 15 Oct 2024

2.0

for Salary and Benefits

Likes

Great skill development and opportunities if you are working in R&D Department. Sales and Marketing department also give good opportunity to learn and enhance skills in very less time.

Skill development - Excellent

+3 more

Dislikes

No salary hikes. No flexible work. Work Life balance gets disturbed if you are thinking of short term stay (2-3 yrs) in the company. 5.5 days a week work. Management is not great at retaining and maintaining talent.

Salary - Poor

+1 more

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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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Rishabh Instruments Limited Product Design Engineer Salary FAQs

What is the salary of Product Design Engineer at Rishabh Instruments Limited ?

The average salary of a Product Design Engineer at Rishabh Instruments Limited in India typically ranges from ₹4.5 Lakhs to ₹6.7 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Product Design Engineer at Rishabh Instruments Limited earn more than ₹6.7 Lakhs per year, and the top 1% earn over ₹6.7 Lakhs per year. Product Design Engineer Salaries at Rishabh Instruments 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 5 Rishabh Instruments Limited employees in India.

What is the estimated take home salary of a Product Design Engineer at Rishabh Instruments Limited in India?

The estimated take-home salary of a Product Design Engineer at Rishabh Instruments Limited in India typically ranges from ₹45,440 to ₹46,524 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹6.7 Lakhs per year for employees with experience ranging from 3 years to 6 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 Rishabh Instruments Limited. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Rishabh Instruments Limited for Product Design Engineer in India?

Alfanar	₹8.0 Lakhs to ₹30.0 Lakhs per year
Faurecia	₹6.5 Lakhs to ₹15.3 Lakhs per year
Mercedes-Benz Research and Development India	₹6.5 Lakhs to ₹15.0 Lakhs per year
Cummins	₹4.2 Lakhs to ₹17.0 Lakhs per year

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

What is the salary of a Product Design Engineer in companies similar to Rishabh Instruments Limited in India?

The salary of a Product Design Engineer at companies similar to Rishabh Instruments Limited in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

WEG	₹2.8 Lakhs to ₹5.1 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 Product Design Engineer at Rishabh Instruments Limited in India?

The salary growth for a Product Design Engineer at Rishabh Instruments Limited depends on factors such as experience, performance, and promotions. On average, a Product Design Engineer can expect the following growth trajectory at Rishabh Instruments Limited:

Experience	Average Salary Range
3 years	₹4.5 Lakhs to ₹5.9 Lakhs per year
4 years	₹2.3 Lakhs to ₹6.7 Lakhs per year
5 years	₹2.4 Lakhs to ₹6.7 Lakhs per year
6 years	₹6.0 Lakhs to ₹11.4 Lakhs per year

and so on.

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Rishabh Instruments Limited Product Design Engineer Salaries

Rishabh Instruments Limited Product Design Engineer salary in India ranges between ₹4.5 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Rishabh Instruments Limited latest salaries received from various employees of Rishabh Instruments Limited.