Simmonds Marshall new Product Development Engineer Salaries by 4 Employees

6 - 8 years exp.

₹5.5 Lakhs - ₹7.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

45% more than the average new Product Development Engineer Salary in Industrial Machinery Companies for 6 - 8 years of experience

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Last Updated: 22 Aug 2024

Companies similar to Simmonds Marshall for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
V.S.T Tillers Tractors new Product Development Engineer Salary 1 - 9 years exp. (5 salaries)	₹2.8 L/yr - ₹7 L/yr 23% less
Taparia Tools new Product Development Engineer Salary 5 - 9 years exp. (4 salaries)	₹4.6 L/yr - ₹5.5 L/yr 16% less
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JNS Instruments new Product Development Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.8 L/yr - ₹3 L/yr 50% less
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 32% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 44% less

new Product Development Engineer salary at Simmonds Marshall ranges between ₹5.5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Simmonds Marshall.

Experience wise Simmonds Marshall new Product Development Engineer salaries

Last Updated: 22 Aug 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr

Similar Designation salaries in Simmonds Marshall

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Production Officer Salary

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Production Manager Salary

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Mechanical Engineer Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Senior Engineer Salary

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Production Supervisor Salary

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₹3.5 L/yr - ₹4.05 L/yr

NPD Engineer Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Quality Engineer Salary

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Junior Engineer Salary

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₹2.7 L/yr - ₹3.5 L/yr

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₹24.7 L/yr - ₹31.5 L/yr

Salary related reviews for Simmonds Marshall

Senior Production Engineer in Pune

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 08 Sep 2022

4.0

for Salary and Benefits

Likes

Expert in Cold Forging, World Class Manufacturer in Fasteners like Nuts, Bolts, etc. Supplier of Top Automobile industries. Good Workplace, Good for Freshers

Salary - Good

+1 more

Dislikes

Career growth very slow, No Skill Development Plan for Employees

Skill development - Poor

+1 more

Deputy Manager Purchase in Pune

Full Time

Pune Department

1.0

• posted on 09 Jun 2019

2.0

for Salary and Benefits

Likes

Please don't dare to get even call of this company. Secondly if you are reading my after joining pls do understand- owner of this company is another Rahul Gandhi and others are just stupid sense people. Union issues are that terrible that you will feel like you are reporting them as your boss.

Job security - Excellent

Dislikes

Waste of time

Salary - Poor

+4 more

DGM - Engineering And QA in Pune

Full Time

Research & Development Department

4.0

• posted on 14 Jun 2023

3.0

for Salary and Benefits

Likes

Good, systematic company. Attrition rate is negligible.

Job security - Good

+3 more

Dislikes

Growth is slow, getting thing done from subordinates is difficult. Company doesn't take harsh action against non-performers. Thought this culture is changing very fast.

Graduate Engineer Trainee (Get) in Mumbai

Production- Closing Department

4.0

• posted on 06 Jul 2019

5.0

for Salary and Benefits

Likes

Excellent work culture and gain lot's of experience in different different departments of company, learning opportunities and satisfaction performance.

Salary - Excellent

+6 more

Dislikes

Travel allowance is not available so make it uncomfortable to travel daily from long distance and career opportunities is rearly available.

Quality Assurance Officer in Pune

Quality Assurance Department

4.0

• posted on 06 Sep 2018

3.0

for Salary and Benefits

Likes

An excellent company for freshers. We learn about almost all things required for higher management and to do business from this company. This company is a mid size company and continuously breaking every limit as time passes. Any body's skills can be easily enhanced under supervision of management. I want to wish every success to Simmonds Marshall Ltd.!!!

Skill development - Good

+2 more

Dislikes

Not Applicable.

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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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Simmonds Marshall new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Simmonds Marshall ?

The average salary of a new Product Development Engineer at Simmonds Marshall in India typically ranges from ₹5.5 Lakhs to ₹7.2 Lakhs per year, depending on experience (from 6 years to 8 years).

The top 10% of new Product Development Engineer at Simmonds Marshall earn more than ₹7.2 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. new Product Development Engineer Salaries at Simmonds Marshall 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 Simmonds Marshall employees in India.

What is the estimated take home salary of a new Product Development Engineer at Simmonds Marshall in India?

The estimated take-home salary of a new Product Development Engineer at Simmonds Marshall in India typically ranges from ₹44,994 to ₹46,085 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from 6 years 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 4 salaries received from various employees of Simmonds Marshall. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a new Product Development Engineer in companies similar to Simmonds Marshall in India?

The salary of a new Product Development Engineer at companies similar to Simmonds Marshall in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Taparia Tools	₹4.6 Lakhs to ₹5.5 Lakhs per year
V.S.T Tillers Tractors	₹2.8 Lakhs to ₹7.0 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year
JNS Instruments	₹2.8 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 new Product Development Engineer at Simmonds Marshall in India?

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

Experience	Average Salary Range
6 years	₹5.0 Lakhs to ₹6.3 Lakhs per year
7 years	₹5.0 Lakhs to ₹6.3 Lakhs per year
8 years	₹5.7 Lakhs to ₹7.3 Lakhs per year

and so on.

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Simmonds Marshall new Product Development Engineer Salaries

Simmonds Marshall new Product Development Engineer salary in India ranges between ₹5.5 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Simmonds Marshall latest salaries received from various employees of Simmonds Marshall.