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Sivaramakrishna Forgings

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4.3

based on 23 Reviews

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Sivaramakrishna Forgings new Product Development Engineer salaries in India (Updated 2025)

Annual salary range
1 - 3 years exp.
₹2.4 Lakhs - ₹4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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24% less than the average new Product Development Engineer Salary for 1 - 3 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹4 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
3 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Quality Assurance
new Product Development Engineer Salary
2 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr

Last Updated: 23 Jan 2025

Companies similar to Sivaramakrishna Forgings for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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TCS new Product Development Engineer Salary

0 - 8 years exp. (11 salaries)
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₹3.4 L/yr - ₹7.6 L/yr

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Tech Mahindra new Product Development Engineer Salary

4 - 6 years exp. (4 salaries)
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₹4 L/yr - ₹7 L/yr

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HCLTech new Product Development Engineer Salary

0 - 16 years exp. (4 salaries)
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₹9 L/yr - ₹16 L/yr

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INDO-MIM new Product Development Engineer Salary

0 - 4 years exp. (69 salaries)
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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 30% more
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L.G.Balakrishnan & Bros new Product Development Engineer Salary

1 - 8 years exp. (42 salaries)
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₹1.8 L/yr - ₹5 L/yr

arrow icon 8% more
new Product Development Engineer salary at Sivaramakrishna Forgings ranges between ₹2.4 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Sivaramakrishna Forgings.

Latest annual salaries shared by Sivaramakrishna Forgings new Product Development Engineer

3d ago
₹4 Lakhs
2 years exp.
7mo ago
₹3 Lakhs
1 year exp.
1y ago
₹2.4 Lakhs
2 years exp.
1y ago
₹3 Lakhs
3 years exp.

Experience wise Sivaramakrishna Forgings new Product Development Engineer salaries

Last Updated: 23 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Sivaramakrishna Forgings

Production Engineer Salary
(3 salaries)
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₹2.5 L/yr - ₹5 L/yr
Production Manager Salary
(AmbitionBox Estimate)
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₹7 L/yr - ₹9 L/yr
Design Engineer Salary
(5 salaries)
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₹2.16 L/yr - ₹3.2 L/yr
Senior Engineer Salary
(3 salaries)
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₹3.6 L/yr - ₹5 L/yr
Production Supervisor Salary
(4 salaries)
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₹2 L/yr - ₹3.6 L/yr
NPD Engineer Salary
(4 salaries)
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₹3.2 L/yr - ₹4.2 L/yr
Quality Engineer Salary
(4 salaries)
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₹2.15 L/yr - ₹3.6 L/yr
Deputy Manager Salary
(3 salaries)
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₹5.8 L/yr - ₹7.8 L/yr
Shift Incharge Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

Salary related reviews for Sivaramakrishna Forgings

Quality Engineer in Chennai

Production, Manufacturing & Engineering Department

2.0
  •  posted on 15 Dec 2021
1.0
 for  Salary and Benefits

Likes

Nil

Dislikes

Yes there's a lot of politics and the management deceiving everyone. They take people to work by a contract method by getting some money from the joinees. They'll not teach anything other than the work they give so, we can't able to develop our skills.

read more
  • Salary - Bad
    • +6 more
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New offer. Confused.
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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More about working at Sivaramakrishna Forgings
  • HQ - Chennai,Tamil Nadu, India

Sivaramakrishna Forgings new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Sivaramakrishna Forgings ?
The average salary of a new Product Development Engineer at Sivaramakrishna Forgings in India typically ranges from ₹2.4 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of new Product Development Engineer at Sivaramakrishna Forgings earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. new Product Development Engineer Salaries at Sivaramakrishna Forgings 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 Sivaramakrishna Forgings employees in India.
What is the estimated take home salary of a new Product Development Engineer at Sivaramakrishna Forgings in India?
The estimated take-home salary of a new Product Development Engineer at Sivaramakrishna Forgings in India typically ranges from ₹22,201 to ₹23,682 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 Sivaramakrishna Forgings. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Sivaramakrishna Forgings for new Product Development Engineer in India?
HCLTech ₹9.0 Lakhs to ₹16.0 Lakhs per year
Tech Mahindra ₹4.0 Lakhs to ₹7.0 Lakhs per year
TCS ₹3.4 Lakhs to ₹7.6 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

These companies are known for offering competitive compensation packages that can exceed the salary offered by Sivaramakrishna Forgings, depending on the role and experience level.
How the salary growth look like for a new Product Development Engineer at Sivaramakrishna Forgings in India?
The salary growth for a new Product Development Engineer at Sivaramakrishna Forgings depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Sivaramakrishna Forgings:

Experience Average Salary Range
1 year ₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
and so on.

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Sivaramakrishna Forgings new Product Development Engineer salary in India ranges between ₹2.4 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Sivaramakrishna Forgings latest salaries received from various employees of Sivaramakrishna Forgings.