Shree Modi Material Handling Co. Design & Development Engineer Salaries by 4 Employees

1 - 5 years exp.

₹2.4 Lakhs - ₹3.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

45% less than the average Design & Development Engineer Salary for 1 - 5 years of experience

Interested in this particular role?

Last Updated: 17 Mar 2023

Companies similar to Shree Modi Material Handling Co. for Design & Development Engineer

Company name	Avg Annual Salary	Open Jobs
HCLTech Design & Development Engineer Salary 0 - 7 years exp. (10 salaries)	₹3 L/yr - ₹5.3 L/yr 30% more
TCS Design & Development Engineer Salary 2 - 6 years exp. (7 salaries)	₹4.7 L/yr - ₹6.7 L/yr 107% more
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Accenture Design & Development Engineer Salary 3 - 9 years exp. (4 salaries)	₹6.5 L/yr - ₹20 L/yr 328% more
Tech Mahindra Design & Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹4.9 L/yr - ₹5.6 L/yr 71% more
Infosys Design & Development Engineer Salary 1 - 13 years exp. (4 salaries)	₹11 L/yr - ₹14.5 L/yr 331% more
LTIMindtree Design & Development Engineer Salary 9 years exp. (4 salaries)	₹0.8 L/yr - ₹20 L/yr 205% more
Larsen & Toubro Limited Design & Development Engineer Salary 1 - 6 years exp. (3 salaries)	₹2 L/yr - ₹7 L/yr 69% more

Design & Development Engineer salary at Shree Modi Material Handling Co. ranges between ₹2.4 Lakhs to ₹3.8 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Shree Modi Material Handling Co..

Experience wise Shree Modi Material Handling Co. Design & Development Engineer salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr

Similar Designation salaries in Shree Modi Material Handling Co.

Design and Product Development Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for Shree Modi Material Handling Co.

2.0

Rated by 1 employees for salary & benefits

Supervisor And Technician in Surat

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 23 Nov 2024

3.0

for Salary and Benefits

Likes

I'll just say if you are good enthusiastic about learning skills like communication, mechanical engineering and understanding documentation and overall management skills...yes best fit. This thinking also keeps you motivated to work with any other company.

Skill development - Excellent

+4 more

Dislikes

It's not lik I don'tike but it's fine to say that sometimes politics just too much...but that's what we need to understand and start to differ and understanding how to make it balance. (Life lessons)

see more salary related reviews

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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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Shree Modi Material Handling Co. Design & Development Engineer Salary FAQs

What is the salary of Design & Development Engineer at Shree Modi Material Handling Co. ?

The average salary of a Design & Development Engineer at Shree Modi Material Handling Co. in India typically ranges from ₹2.4 Lakhs to ₹3.8 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Design & Development Engineer at Shree Modi Material Handling Co. earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Design & Development Engineer Salaries at Shree Modi Material Handling Co. 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 Shree Modi Material Handling Co. employees in India.

What is the estimated take home salary of a Design & Development Engineer at Shree Modi Material Handling Co. in India?

The estimated take-home salary of a Design & Development Engineer at Shree Modi Material Handling Co. in India typically ranges from ₹21,857 to ₹23,342 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from 1 year to 5 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 Shree Modi Material Handling Co.. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shree Modi Material Handling Co. for Design & Development Engineer in India?

Infosys	₹11.0 Lakhs to ₹14.5 Lakhs per year
Accenture	₹6.5 Lakhs to ₹20.0 Lakhs per year
LTIMindtree	₹0.8 Lakhs to ₹20.0 Lakhs per year
TCS	₹4.7 Lakhs to ₹6.7 Lakhs per year
Tech Mahindra	₹4.9 Lakhs to ₹5.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Shree Modi Material Handling Co., depending on the role and experience level.

What is the salary of a Design & Development Engineer in companies similar to Shree Modi Material Handling Co. in India?

The salary of a Design & Development Engineer at companies similar to Shree Modi Material Handling Co. in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Larsen & Toubro Limited	₹2.0 Lakhs to ₹7.0 Lakhs per year
HCLTech	₹3.0 Lakhs to ₹5.3 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 Design & Development Engineer at Shree Modi Material Handling Co. in India?

The salary growth for a Design & Development Engineer at Shree Modi Material Handling Co. depends on factors such as experience, performance, and promotions. On average, a Design & Development Engineer can expect the following growth trajectory at Shree Modi Material Handling Co.:

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Shree Modi Material Handling Co. Design & Development Engineer Salaries

Shree Modi Material Handling Co. Design & Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Shree Modi Material Handling Co. latest salaries received from various employees of Shree Modi Material Handling Co..

Shree Modi Material Handling Co. Design & Development Engineer salaries in India