Sree Sumangala Metals Industries Tool Design Engineer Salaries by 3 Employees

0 - 4 years exp.

₹2.8 Lakhs - ₹3.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

23% less than the average Tool Design Engineer Salary for 0 - 4 years of experience

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Last Updated: 31 Oct 2023

Companies similar to Sree Sumangala Metals Industries for Tool Design Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Advanced Systems Tool Design Engineer Salary 3 - 7 years exp. (29 salaries)	₹3 L/yr - ₹8 L/yr 45% more
Lucas-TVS Tool Design Engineer Salary 2 - 7 years exp. (9 salaries)	₹4 L/yr - ₹6.5 L/yr 57% more
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Brakes India Tool Design Engineer Salary 0 - 5 years exp. (10 salaries)	₹1.1 L/yr - ₹6.2 L/yr 30% less
Lakshmi Machine Works Tool Design Engineer Salary 4 - 9 years exp. (8 salaries)	₹5 L/yr - ₹6.6 L/yr 80% more
Hindustan Aeronautics Tool Design Engineer Salary 0 - 2 years exp. (8 salaries)	₹0.6 L/yr - ₹2.5 L/yr 53% less

Tool Design Engineer salary at Sree Sumangala Metals Industries ranges between ₹2.8 Lakhs to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Sree Sumangala Metals Industries.

Experience wise Sree Sumangala Metals Industries Tool Design Engineer salaries

Last Updated: 31 Oct 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in Sree Sumangala Metals Industries

Design Engineer Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹96.9 L/yr - ₹107.1 L/yr

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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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Sree Sumangala Metals Industries Tool Design Engineer Salary FAQs

How the salary growth look like for a Tool Design Engineer at Sree Sumangala Metals Industries in India?

The salary growth for a Tool Design Engineer at Sree Sumangala Metals Industries depends on factors such as experience, performance, and promotions. On average, a Tool Design Engineer can expect the following growth trajectory at Sree Sumangala Metals Industries:

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹3.2 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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Sree Sumangala Metals Industries Tool Design Engineer Salaries

Sree Sumangala Metals Industries Tool Design Engineer salary in India ranges between ₹2.8 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Sree Sumangala Metals Industries latest salaries received from various employees of Sree Sumangala Metals Industries.