Setco Spindles India Department Head Salaries by 4 Employees

10 - 14 years exp.

₹4.8 Lakhs - ₹8.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

61% less than the average Department Head Salary in Industrial Machinery Companies for 10 - 14 years of experience

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Last Updated: 13 Aug 2023

Companies similar to Setco Spindles India for Department Head

Company name	Avg Annual Salary	Open Jobs
R G Technosolutions Department Head Salary 0 - 27 years exp. (14 salaries)	₹2.4 L/yr - ₹10.8 L/yr 37% less
Honda Motorcycle & Scooter Department Head Salary 11 - 18 years exp. (13 salaries)	₹27 L/yr - ₹44 L/yr 401% more
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Asahi India Glass Department Head Salary 9 - 18 years exp. (12 salaries)	₹8.3 L/yr - ₹15 L/yr 64% more
Maruti Suzuki Department Head Salary 13 - 19 years exp. (12 salaries)	₹30.1 L/yr - ₹57 L/yr 517% more
VIBGYOR Group of Schools Department Head Salary 4 - 24 years exp. (9 salaries)	₹4.1 L/yr - ₹9 L/yr 13% less

Department Head salary at Setco Spindles India ranges between ₹4.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Setco Spindles India.

Experience wise Setco Spindles India Department Head salaries

Last Updated: 13 Aug 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
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13 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
14 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in Setco Spindles India

Operations Manager Salary

(3 salaries)

₹6.5 L/yr - ₹7.5 L/yr

Supervisor Salary

(3 salaries)

₹2.8 L/yr - ₹3.2 L/yr

Production Manager Salary

(3 salaries)

₹7.5 L/yr - ₹10 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Production Engineer Salary

(8 salaries)

₹3.2 L/yr - ₹4.5 L/yr

Production Supervisor Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Production Engineer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Salary related reviews for Setco Spindles India

Assistant Sales Manager in Pune

Full Time

Sales Department

5.0

• posted on 18 May 2022

3.0

for Salary and Benefits

Likes

Have all the freedom of taking decisions and excute them. If it fails you will encourage in right direction. Management is supportive if you are following the core values set by the organisation.

Skill development - Good

+4 more

Dislikes

Nothing

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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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Setco Spindles India Department Head Salary FAQs

What is the salary of Department Head at Setco Spindles India ?

The average salary of a Department Head at Setco Spindles India in India typically ranges from ₹4.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 10 years to 14 years).

The top 10% of Department Head at Setco Spindles India earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Department Head Salaries at Setco Spindles India 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 Setco Spindles India employees in India.

What is the estimated take home salary of a Department Head at Setco Spindles India in India?

The estimated take-home salary of a Department Head at Setco Spindles India in India typically ranges from ₹53,099 to ₹54,421 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 10 years to 14 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 Setco Spindles India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Setco Spindles India for Department Head in India?

Maruti Suzuki	₹30.1 Lakhs to ₹57.0 Lakhs per year
Honda Motorcycle & Scooter	₹27.0 Lakhs to ₹44.0 Lakhs per year
Asahi India Glass	₹8.3 Lakhs to ₹15.0 Lakhs per year

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

What is the salary of a Department Head in companies similar to Setco Spindles India in India?

The salary of a Department Head at companies similar to Setco Spindles India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

VIBGYOR Group of Schools	₹4.1 Lakhs to ₹9.0 Lakhs per year
R G Technosolutions	₹2.4 Lakhs to ₹10.8 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 Department Head at Setco Spindles India in India?

The salary growth for a Department Head at Setco Spindles India depends on factors such as experience, performance, and promotions. On average, a Department Head can expect the following growth trajectory at Setco Spindles India:

Experience	Average Salary Range
10 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
12 years	₹5.9 Lakhs to ₹7.6 Lakhs per year
13 years	₹7.7 Lakhs to ₹9.8 Lakhs per year
14 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Setco Spindles India Department Head Salaries

Setco Spindles India Department Head salary in India ranges between ₹4.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Setco Spindles India latest salaries received from various employees of Setco Spindles India.