Shipping Corporation of India Merchant Navy Salaries by 6 Employees

1 - 8 years exp.

₹3.6 Lakhs - ₹7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

6% less than the average Merchant Navy Salary in Logistics Companies for 1 - 8 years of experience

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Last Updated: 12 Dec 2024

Companies similar to Shipping Corporation of India for Merchant Navy

Company name	Avg Annual Salary	Open Jobs
Anglo-Eastern Group Merchant Navy Salary 0 - 11 years exp. (8 salaries)	₹3.6 L/yr - ₹13 L/yr 41% more
Anglo-Eastern Ship Management Merchant Navy Salary 0 - 10 years exp. (6 salaries)	₹1 L/yr - ₹6.3 L/yr 50% less
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Zodiac Maritime Agencies Merchant Navy Salary 7 - 11 years exp. (4 salaries)	₹4 L/yr - ₹10 L/yr 6% less
Ocean Sparkle Merchant Navy Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹5.4 L/yr 34% less
Lilly Maritime Merchant Navy Salary 1 - 5 years exp. (4 salaries)	₹1.2 L/yr - ₹3 L/yr 62% less

Merchant Navy salary at Shipping Corporation of India ranges between ₹3.6 Lakhs to ₹7 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 6 latest salaries received from various employees of Shipping Corporation of India.

Experience wise Shipping Corporation of India Merchant Navy salaries

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹8.2 L/yr
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹8.6 L/yr
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3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.1 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.3 L/yr
7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Shipping Corporation of India

Deck Cadet Salary

(6 salaries)

₹1.7 L/yr - ₹4.72 L/yr

MIS Executive Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹5.2 L/yr - ₹6.7 L/yr

Shift Incharge Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Supervisor Salary

(4 salaries)

₹2.5 L/yr - ₹5.6 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Data Entry Operator Salary

(5 salaries)

₹1.2 L/yr - ₹3 L/yr

Documentation Executive Salary

(4 salaries)

₹2.15 L/yr - ₹4 L/yr

Customer Service Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Shipping Corporation of India

1.0

Rated by 1 employees for salary & benefits

Marine Captain / Master Mariner in Mumbai

Shipping & Maritime Department

4.0

• posted on 17 Apr 2021

3.0

for Salary and Benefits

Likes

It is PSU so have all the required rules and regulations in place. So it is good working on thier ships so that you dont end up in problem in Indian/Forgein ports.

Skill development - Good

+3 more

Dislikes

The salary is taxable as you never become NRI in a financial year. Myself being on contract, I am on lower priority for getting a ship than the company's regular employees.

Promotions - Poor

Night Master in Mumbai

Shipping & Maritime Department

4.0

• posted on 24 Oct 2019

4.0

for Salary and Benefits

Likes

Being a PSU, Job guarantee is there. Compensation is assured. salary comes in time.

Salary - Good

+5 more

Dislikes

Being a PSU, Worker union and shore staff un-cooperation makes difficult during working field on board.Growth is slow. No job training . Seniors completely depend on junior officer at office.

Marine Engineer in Mumbai

Shipping & Maritime Department

1.0

• posted on 30 Sep 2018

1.0

for Salary and Benefits

Likes

This would be the number one worst company to opt for..u don't get treated gud and no proper facilities provided and alsothey pay u the least for what u expect..do not join Sci

Dislikes

The worst thing is the staff at office.all the old people are sitting there doing nothing and getting paid....day by day they keep u waiting and the whole system is outdated...they call u to office even for small thing rather than doing it online...they don't follow new systems or easy methods

Salary - Bad

+6 more

Able Seaman in Kolkata

Shipping & Maritime Department

5.0

• posted on 12 Oct 2018

2.0

for Salary and Benefits

Likes

... during working .job security in shipping Corporate are negative.career are nil.salary are poor as per ITF environment are good all officers and crew as friendly work together.work life balance are average.So

Skill development - Good

Dislikes

...ces and Master . there is no job security in Sci.Career are nil in this company.and salary are very poor as per ITF.there are huge politics among office and crew.work balance are not good.

Salary - Poor

+4 more

Third Engineer in Mumbai

Production, Manufacturing & Engineering Department

4.0

• posted on 04 May 2018

3.0

for Salary and Benefits

Likes

...career growth prospective is much higher than other companies in the same field. Salary as compared to Indian companies is at par with the others but if compared to foreign companies is much lesser than what u can get in out of India based employers in the same field.

Skill development - Good

+3 more

Dislikes

Salary is much lesser than that provided by the foreign shipping companies.

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Salary Discussions, Hike & Promotions

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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Shipping Corporation of India Merchant Navy Salary FAQs

What is the salary of Merchant Navy at Shipping Corporation of India ?

The average salary of a Merchant Navy at Shipping Corporation of India in India typically ranges from ₹3.6 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Merchant Navy at Shipping Corporation of India earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Merchant Navy Salaries at Shipping Corporation of 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 6 Shipping Corporation of India employees in India.

What is the estimated take home salary of a Merchant Navy at Shipping Corporation of India in India?

The estimated take-home salary of a Merchant Navy at Shipping Corporation of India in India typically ranges from ₹44,431 to ₹45,530 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 6 salaries received from various employees of Shipping Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shipping Corporation of India for Merchant Navy in India?

Anglo-Eastern Group

₹3.6 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Merchant Navy in companies similar to Shipping Corporation of India in India?

The salary of a Merchant Navy at companies similar to Shipping Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Zodiac Maritime Agencies	₹4.0 Lakhs to ₹10.0 Lakhs per year
Ocean Sparkle	₹2.0 Lakhs to ₹5.4 Lakhs per year
Anglo-Eastern Ship Management	₹1.0 Lakhs to ₹6.3 Lakhs per year
Lilly Maritime	₹1.2 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 Merchant Navy at Shipping Corporation of India in India?

The salary growth for a Merchant Navy at Shipping Corporation of India depends on factors such as experience, performance, and promotions. On average, a Merchant Navy can expect the following growth trajectory at Shipping Corporation of India:

Experience	Average Salary Range
1 year	₹4.0 Lakhs to ₹8.2 Lakhs per year
2 years	₹3.6 Lakhs to ₹8.6 Lakhs per year
3 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
4 years	₹4.7 Lakhs to ₹6.1 Lakhs per year

and so on.

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Shipping Corporation of India Merchant Navy Salaries

Shipping Corporation of India Merchant Navy salary in India ranges between ₹3.6 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Shipping Corporation of India latest salaries received from various employees of Shipping Corporation of India.