Shankar Moulding new Product Development Engineer Salaries by Employees (Updated 2025)

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₹5.4 Lakhs - ₹6.9 Lakhs

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Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 3 Mar 2025

Companies similar to Shankar Moulding for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Caparo Engineering India new Product Development Engineer Salary 0 - 4 years exp. (7 salaries)	₹1.4 L/yr - ₹3.2 L/yr 68% less
Seoyon E-hwa Automotive new Product Development Engineer Salary 4 - 11 years exp. (3 salaries)	₹3.4 L/yr - ₹5.9 L/yr 27% less
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INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 35% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 46% less
JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 40% less

new Product Development Engineer salary at Shankar Moulding ranges between ₹5.4 Lakhs to ₹6.9 Lakhs per year for employees with 3 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Shankar Moulding.

Similar Designation salaries in Shankar Moulding

Production Engineer Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Assistant Engineer Salary

(3 salaries)

₹1.8 L/yr - ₹2.5 L/yr

Production Manager Salary

(4 salaries)

₹9 L/yr - ₹14 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Senior Engineer Salary

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₹4.25 L/yr - ₹5.4 L/yr

Production Supervisor Salary

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₹3.2 L/yr - ₹4.1 L/yr

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₹2.6 L/yr - ₹5.2 L/yr

Quality Engineer Salary

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₹3.5 L/yr - ₹4.35 L/yr

Junior Engineer Salary

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₹2.3 L/yr - ₹3 L/yr

Salary related reviews for Shankar Moulding

Head Operations in New Delhi

Production Department

5.0

• posted on 10 Sep 2018

5.0

for Salary and Benefits

Likes

Work Environment Employees Care and Growth specially Mr Anand Minda and Amit Minda professional working and giving chance to Employees for innovation and making sure they are growing with company

Salary - Excellent

+6 more

Dislikes

I don’t have a single reason

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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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Shankar Moulding new Product Development Engineer Salary FAQs

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

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

Experience	Average Salary Range
3 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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Shankar Moulding new Product Development Engineer Salaries

Shankar Moulding new Product Development Engineer salary in India ranges between ₹5.4 Lakhs to ₹6.9 Lakhs. This is an estimate based on latest salaries received from employees of Shankar Moulding.