Shyam Steel Industries Procurement Manager Salaries by 4 Employees (Updated 2025)

9 - 10 years exp.

₹6 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% less than the average Procurement Manager Salary in Iron & Steel Companies for 9 - 10 years of experience

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Salaries in different departments

Procurement & Supply Chain Procurement Manager Salary 9 - 10 years exp. (3 salaries)	₹6 L/yr - ₹10 L/yr
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Customer Success, Service & Operations Procurement Manager Salary 9 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 14 Mar 2025

Companies similar to Shyam Steel Industries for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Jindal Stainless Procurement Manager Salary 11 - 20 years exp. (25 salaries)	₹7 L/yr - ₹18.5 L/yr 96% more
JSW Steel Procurement Manager Salary 10 - 18 years exp. (20 salaries)	₹9.5 L/yr - ₹20 L/yr 106% more
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ArcelorMittal Nippon Steel Procurement Manager Salary 11 - 18 years exp. (13 salaries)	₹10.4 L/yr - ₹21.1 L/yr 105% more
Jindal Steel and Power Procurement Manager Salary 8 - 17 years exp. (9 salaries)	₹12.5 L/yr - ₹14.4 L/yr 60% more
Jindal Saw Procurement Manager Salary 11 - 15 years exp. (6 salaries)	₹12.5 L/yr - ₹19.8 L/yr 113% more
SHYAM METALICS AND ENERGY Procurement Manager Salary 13 - 16 years exp. (4 salaries)	₹12 L/yr - ₹17.5 L/yr 84% more
Viraj Profiles Procurement Manager Salary 0 - 13 years exp. (4 salaries)	₹5.5 L/yr - ₹15 L/yr 30% more
B5 Plus Procurement Manager Salary 5 - 16 years exp. (4 salaries)	₹9.6 L/yr - ₹30 L/yr 142% more
JSW Group Procurement Manager Salary 8 - 18 years exp. (4 salaries)	₹13 L/yr - ₹16.5 L/yr 80% more
ESL Steel Procurement Manager Salary 9 - 16 years exp. (3 salaries)	₹17.8 L/yr - ₹25.7 L/yr 155% more
Electrotherm Procurement Manager Salary 9 - 13 years exp. (3 salaries)	₹6.5 L/yr - ₹12 L/yr 12% more
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Steel Authority Of India Procurement Manager Salary 11 - 31 years exp. (3 salaries)	₹13 L/yr - ₹22.5 L/yr 122% more

Procurement Manager salary at Shyam Steel Industries ranges between ₹6 Lakhs to ₹10 Lakhs per year for employees with experience between 9 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Shyam Steel Industries.

Experience wise Shyam Steel Industries Procurement Manager salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
9 years (3 salaries)	₹10 L/yr - ₹10 L/yr
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10 years (AmbitionBox Estimate)	₹6 L/yr - ₹10.9 L/yr

Similar Designation salaries in Shyam Steel Industries

Purchase Executive Salary

(13 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Logistics Executive Salary

(12 salaries)

₹2.4 L/yr - ₹5.7 L/yr

Commercial Executive Salary

(10 salaries)

₹2.6 L/yr - ₹5.55 L/yr

Senior Purchase Executive Salary

(5 salaries)

₹3.2 L/yr - ₹5 L/yr

Senior Executive Commercial Salary

(5 salaries)

₹3.1 L/yr - ₹5.5 L/yr

Store Keeper Salary

(5 salaries)

₹2.2 L/yr - ₹2.6 L/yr

Senior Manager Commercial Salary

(5 salaries)

₹15 L/yr - ₹27 L/yr

Assistant Manager- Purchase Salary

(5 salaries)

₹4.1 L/yr - ₹6.6 L/yr

AGM Purchase Salary

(4 salaries)

₹15 L/yr - ₹21 L/yr

Senior Executive Logistics Salary

(4 salaries)

₹2.4 L/yr - ₹4.2 L/yr

Top skills at Shyam Steel Industries for Procurement Manager

Interpersonal Skills Project Management Negotiation Skills

Salary related reviews for Shyam Steel Industries

4.7

Rated by 2 employees for salary & benefits

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

Interior Designer in Kolkata

Full Time

UX, Design & Architecture Department

1.0

• posted on 12 Oct 2023

3.0

for Salary and Benefits

Likes

On time Salary

Dislikes

1. Babu culture company 2. There is too gossips in the company & few top management like this. 3. Hire & Fire. Top most company for same day fire policy without no reason. 4. No HR policy. They are just like brought up Toys. 5. HRs are also not safe for fire. 6. There was one manager maned subhajit Batabyal (feku the great), No dressing sense, poor technical knowledge, great for oiling management back. 7. Poor technical Top management like" less knowledge more danger." 8. No appreciation

Skill development - Bad

+5 more

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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 Procurement Manager Salary FAQs

What is the salary of Procurement Manager at Shyam Steel Industries ?

The average salary of a Procurement Manager at Shyam Steel Industries in India typically ranges from ₹6.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 9 years to 10 years).

The top 10% of Procurement Manager at Shyam Steel Industries earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Procurement Manager 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 Procurement Manager at Shyam Steel Industries in India?

The estimated take-home salary of a Procurement Manager at Shyam Steel Industries in India typically ranges from ₹59,241 to ₹60,737 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 9 years to 10 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.

What are the key skills required to be a Procurement Manager at Shyam Steel Industries ?

To be a Procurement Manager at Shyam Steel Industries in india, the key skills required include:

- Interpersonal Skills
- Project Management
- Negotiation Skills

These skills are highly valued at Shyam Steel Industries and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Shyam Steel Industries for Procurement Manager in India?

ESL Steel	₹17.8 Lakhs to ₹25.7 Lakhs per year
B5 Plus	₹9.6 Lakhs to ₹30.0 Lakhs per year
Steel Authority Of India	₹13.0 Lakhs to ₹22.5 Lakhs per year
Jindal Saw	₹12.5 Lakhs to ₹19.8 Lakhs per year
JSW Steel	₹9.5 Lakhs to ₹20.0 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 Procurement Manager in companies similar to Shyam Steel Industries in India?

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

ArcelorMittal Nippon Steel	₹10.4 Lakhs to ₹21.1 Lakhs per year
Jindal Stainless	₹7.0 Lakhs to ₹18.5 Lakhs per year
SHYAM METALICS AND ENERGY	₹12.0 Lakhs to ₹17.5 Lakhs per year
JSW Group	₹13.0 Lakhs to ₹16.5 Lakhs per year
Jindal Steel and Power	₹12.5 Lakhs to ₹14.4 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 Procurement Manager at Shyam Steel Industries in India?

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

Experience	Average Salary Range
9 years	₹10.0 Lakhs to ₹10.0 Lakhs per year
10 years	₹6.0 Lakhs to ₹10.9 Lakhs per year

and so on.

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Shyam Steel Industries Procurement Manager Salaries

Shyam Steel Industries Procurement Manager salary in India ranges between ₹6 Lakhs to ₹10 Lakhs 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.