Steel Industries Mumbai Mechanical Engineer Salaries by 2 Employees

7 - 8 years exp.

₹4.8 Lakhs - ₹6.2 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 19 Oct 2023

Companies similar to Steel Industries for Mechanical Engineer in Mumbai

Steel Industries Mechanical Engineer Salary

7 - 8 years exp. (AmbitionBox Estimate)

₹4.8 L/yr - ₹6.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Viraj Profiles Mechanical Engineer Salary 2 - 6 years exp. (32 salaries)	₹2.2 L/yr - ₹5.3 L/yr 37% less
JSW Steel Mechanical Engineer Salary 1 - 14 years exp. (26 salaries)	₹2.5 L/yr - ₹10.6 L/yr 11% more
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Tata Steel Mechanical Engineer Salary 1 - 9 years exp. (25 salaries)	₹1.5 L/yr - ₹7.2 L/yr 13% less
Jindal Steel and Power Mechanical Engineer Salary 1 - 4 years exp. (3 salaries)	₹2.8 L/yr - ₹5.1 L/yr 21% less
Asb International Mechanical Engineer Salary 1 - 11 years exp. (83 salaries)	₹1.8 L/yr - ₹7 L/yr 26% less

Mechanical Engineer salary at Steel Industries ranges between ₹4.8 Lakhs to ₹6.2 Lakhs per year for employees with experience between 7 years to 8 years. Salary estimates are based on 2 latest salaries received from various employees of Steel Industries.

Similar Designation salaries in Steel Industries

Senior Engineer Salary

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₹2.8 L/yr - ₹8.4 L/yr

Salary related reviews for Steel Industries

Rated by 1 employees for salary & benefits

NLMK INDIA PVT LTD in New Delhi

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 23 Feb 2023

5.0

for Salary and Benefits

Likes

I like all facilities and work environment. Growing and office and personal life balance.

Salary - Excellent

+5 more

Dislikes

I dislike a job security. I spend almost 7 years in the company but in my difficult time company give to termination which is horrible experience.

Job security - Bad

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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Steel Industries Mechanical Engineer Salary FAQs

How the salary growth look like for a Mechanical Engineer at Steel Industries in Mumbai?

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

Experience	Average Salary Range
7 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
8 years	₹4.9 Lakhs to ₹6.3 Lakhs per year

and so on.

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Steel Industries Mechanical Engineer Salaries in Mumbai

Steel Industries Mechanical Engineer salary in Mumbai ranges between ₹4.8 Lakhs to ₹6.2 Lakhs. This is an estimate based on latest salaries received from employees of Steel Industries.