Shyam Steel Industries Diploma Mechanical Engineer Salaries by 4 Employees (Updated 2025)

1 - 4 years exp.

₹1.2 Lakh - ₹1.5 Lakh

Avg. annual salary

Monthly In-hand Salary

50% less than the average Diploma Mechanical Engineer Salary in Iron & Steel Companies for 1 - 4 years of experience

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Last Updated: 27 Feb 2025

Companies similar to Shyam Steel Industries for Diploma Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
ArcelorMittal Nippon Steel Diploma Mechanical Engineer Salary 0 - 5 years exp. (41 salaries)	₹1.5 L/yr - ₹5.5 L/yr 128% more
JSW Steel Diploma Mechanical Engineer Salary 0 - 5 years exp. (37 salaries)	₹2 L/yr - ₹4.3 L/yr 154% more
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Jindal Steel and Power Diploma Mechanical Engineer Salary 1 - 4 years exp. (29 salaries)	₹1.4 L/yr - ₹6 L/yr 172% more
Jindal Stainless Diploma Mechanical Engineer Salary 2 - 7 years exp. (9 salaries)	₹2.5 L/yr - ₹4.2 L/yr 148% more
Rimjhim Ispat Diploma Mechanical Engineer Salary 2 - 6 years exp. (7 salaries)	₹1.1 L/yr - ₹4.2 L/yr 108% more
Viraj Profiles Diploma Mechanical Engineer Salary 0 - 4 years exp. (7 salaries)	₹1.8 L/yr - ₹3 L/yr 104% more
Jindal Saw Diploma Mechanical Engineer Salary 1 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹3.4 L/yr 146% more
ESL Steel Diploma Mechanical Engineer Salary 3 - 18 years exp. (4 salaries)	₹1.9 L/yr - ₹8.7 L/yr 322% more
Jai Balaji Group Diploma Mechanical Engineer Salary 5 - 9 years exp. (4 salaries)	₹2 L/yr - ₹3.6 L/yr 97% more
SHYAM METALICS AND ENERGY Diploma Mechanical Engineer Salary 0 - 16 years exp. (4 salaries)	₹2.3 L/yr - ₹7 L/yr 217% more
Welspun Corp Diploma Mechanical Engineer Salary 1 - 8 years exp. (4 salaries)	₹1.5 L/yr - ₹3.3 L/yr 101% more
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JSW Group Diploma Mechanical Engineer Salary 0 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹3.2 L/yr 107% more
Jindal Industries Private Limited Diploma Mechanical Engineer Salary 0 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹13 L/yr 395% more
Sanyo Special Steel Manufacturing Diploma Mechanical Engineer Salary 5 - 8 years exp. (3 salaries)	₹2.4 L/yr - ₹4.6 L/yr 92% more
Steel Authority Of India Diploma Mechanical Engineer Salary 5 - 6 years exp. (3 salaries)	₹1 L/yr - ₹6 L/yr 233% more

Diploma Mechanical Engineer salary at Shyam Steel Industries ranges between ₹1.2 Lakh to ₹1.5 Lakh per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Shyam Steel Industries.

Experience wise Shyam Steel Industries Diploma Mechanical Engineer salaries

Last Updated: 27 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.3 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.3 L/yr
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3 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.3 L/yr
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.3 L/yr

Similar Designation salaries in Shyam Steel Industries

Mechanical Engineer Salary

(18 salaries)

₹2.45 L/yr - ₹4.44 L/yr

Electrical Engineer Salary

(10 salaries)

₹2.25 L/yr - ₹4.1 L/yr

Senior Electrical Engineer Salary

(10 salaries)

₹2.75 L/yr - ₹5.21 L/yr

Maintenance Engineer Salary

(5 salaries)

₹2.5 L/yr - ₹3.45 L/yr

Senior Engineer Salary

(25 salaries)

₹3.12 L/yr - ₹6.5 L/yr

Executive Engineer Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Production Engineer Salary

(3 salaries)

₹2 L/yr - ₹6.5 L/yr

Project Engineer Salary

(5 salaries)

₹4.08 L/yr - ₹4.8 L/yr

Assistant Engineer Salary

(36 salaries)

₹1.95 L/yr - ₹3.6 L/yr

Shift Engineer Salary

(6 salaries)

₹2.45 L/yr - ₹4.3 L/yr

Salary related reviews for Shyam Steel Industries

4.2

Rated by 2 employees for salary & benefits

Junior Engineer in West Bengol Durgapur

Production, Manufacturing & Engineering Department

5.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues

Sales Officer in Bhadrak (working remotely)

Full Time

Sales & Business Development Department

1.0

• posted on 20 Dec 2024

1.0

for Salary and Benefits

Likes

Nothing to like. Very bad organisation.

Dislikes

...t didn't know how to talk to company officer. The management and HR is very bad. Very poor salary and accommodation zero like .

Salary - Bad

+6 more

Accounts Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 19 Feb 2025

5.0

for Salary and Benefits

Likes

Working with Shyam steel has been a great journey so far. Their salary is on time and you get payslips on time. Yearly bonus and calendar holidays.

Salary - Excellent

+2 more

Dislikes

Well since I have been working for a US market I think we should get the US holidays

Marketing Manager in Kolkata

Full Time

Marketing & Communication Department

3.0

• posted on 06 Dec 2024

3.0

for Salary and Benefits

Likes

Timely Salary, Job security in Project Division, Yearly increment,Nice place to learn, No target in Project Marketing Division

Job security - Good

+1 more

Dislikes

Didn't have any concept of promotion, Senior will involve you in unnecessary work, baisedness of management towards senior level manager

Skill development - Poor

+1 more

Deputy Talent Acquisition Manager in Kolkata

Full Time

Human Resources Department

5.0

• posted on 02 Sep 2023

5.0

for Salary and Benefits

Likes

The work life balance provided is really commendable. The supervisor never calls after office hours(if not a real emergency). No need to crib about leaves, can be availed easily. Directors are quite down to earth

Salary - Excellent

+5 more

Dislikes

... employees still work by buttering seniors. Performance management not present..appraisal is done according to salary not on individual performance. Whatever the director says is right

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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Shyam Steel Industries Diploma Mechanical Engineer Salary FAQs

What is the salary of Diploma Mechanical Engineer at Shyam Steel Industries ?

The average salary of a Diploma Mechanical Engineer at Shyam Steel Industries in India typically ranges from ₹1.2 Lakhs to ₹1.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Diploma Mechanical Engineer at Shyam Steel Industries earn more than ₹1.3 Lakhs per year, and the top 1% earn over ₹1.3 Lakhs per year. Diploma Mechanical Engineer Salaries at Shyam Steel Industries 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 Shyam Steel Industries employees in India.

What is the estimated take home salary of a Diploma Mechanical Engineer at Shyam Steel Industries in India?

The estimated take-home salary of a Diploma Mechanical Engineer at Shyam Steel Industries in India typically ranges from ₹8,717 to ₹9,687 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹1.5 Lakhs per year for employees with experience ranging from 1 year to 4 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 Shyam Steel Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shyam Steel Industries for Diploma Mechanical Engineer in India?

Jindal Industries Private Limited	₹2.5 Lakhs to ₹13.0 Lakhs per year
ESL Steel	₹1.9 Lakhs to ₹8.7 Lakhs per year
Steel Authority Of India	₹1.0 Lakhs to ₹6.0 Lakhs per year
SHYAM METALICS AND ENERGY	₹2.3 Lakhs to ₹7.0 Lakhs per year
Jindal Steel and Power	₹1.4 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a Diploma Mechanical Engineer in companies similar to Shyam Steel Industries in India?

The salary of a Diploma Mechanical Engineer at companies similar to Shyam Steel Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

JSW Steel	₹2.0 Lakhs to ₹4.3 Lakhs per year
Jindal Stainless	₹2.5 Lakhs to ₹4.2 Lakhs per year
Jindal Saw	₹2.5 Lakhs to ₹3.4 Lakhs per year
ArcelorMittal Nippon Steel	₹1.5 Lakhs to ₹5.5 Lakhs per year
Rimjhim Ispat	₹1.1 Lakhs to ₹4.2 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 Diploma Mechanical Engineer at Shyam Steel Industries in India?

The salary growth for a Diploma Mechanical Engineer at Shyam Steel Industries depends on factors such as experience, performance, and promotions. On average, a Diploma Mechanical Engineer can expect the following growth trajectory at Shyam Steel Industries:

Experience	Average Salary Range
1 year	₹1.3 Lakhs to ₹1.3 Lakhs per year
2 years	₹1.3 Lakhs to ₹1.3 Lakhs per year
3 years	₹1.3 Lakhs to ₹1.3 Lakhs per year
4 years	₹1.3 Lakhs to ₹1.3 Lakhs per year

and so on.

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Shyam Steel Industries Diploma Mechanical Engineer Salaries

Shyam Steel Industries Diploma Mechanical Engineer salary in India ranges between ₹1.2 Lakh to ₹1.5 Lakh with an average annual salary of ₹. Salary estimates are based on 4 Shyam Steel Industries latest salaries received from various employees of Shyam Steel Industries.