Stovec Industries Production Engineer Salaries by 4 Employees

1 - 4 years exp.

₹3 Lakhs - ₹3.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% less than the average Production Engineer Salary in Industrial Machinery Companies for 1 - 4 years of experience

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Last Updated: 21 Dec 2024

Companies similar to Stovec Industries for Production Engineer

Company name	Avg Annual Salary	Open Jobs
Pooja Forge Production Engineer Salary 1 - 7 years exp. (22 salaries)	₹1.5 L/yr - ₹3.6 L/yr 29% less
UNI Klinger Production Engineer Salary 2 - 11 years exp. (19 salaries)	₹2 L/yr - ₹5 L/yr 26% more
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ITL Industries Production Engineer Salary 0 - 5 years exp. (15 salaries)	₹1.5 L/yr - ₹2.9 L/yr 23% less
Ok Play Production Engineer Salary 1 - 4 years exp. (10 salaries)	₹1.8 L/yr - ₹3.3 L/yr 3% less
Cenlub Industries Production Engineer Salary 1 - 6 years exp. (7 salaries)	₹2.2 L/yr - ₹3.9 L/yr 2% less
Axtel Industries Production Engineer Salary 5 - 11 years exp. (7 salaries)	₹4.2 L/yr - ₹6.3 L/yr 53% more
NSK Production Engineer Salary 0 - 3 years exp. (6 salaries)	₹1.1 L/yr - ₹4.5 L/yr 12% less
Latteys Industries Production Engineer Salary 2 - 4 years exp. (6 salaries)	₹1.6 L/yr - ₹2.2 L/yr 40% less
Chakr Innovation Production Engineer Salary 1 - 7 years exp. (6 salaries)	₹2.2 L/yr - ₹4.7 L/yr At par
Excel Engineers Production Engineer Salary 1 - 2 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 16% less
SNL Bearings Production Engineer Salary 1 - 6 years exp. (5 salaries)	₹1.8 L/yr - ₹3.1 L/yr 31% less
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Morganite Crucible India Production Engineer Salary 6 - 8 years exp. (5 salaries)	₹4.5 L/yr - ₹5.6 L/yr 55% more
Pradeep Metals Production Engineer Salary 4 - 8 years exp. (4 salaries)	₹3.2 L/yr - ₹4.8 L/yr 28% more
Manugraph India Production Engineer Salary 1 year exp. (4 salaries)	₹1.2 L/yr - ₹2 L/yr 52% less
Wittur Elevator Components Production Engineer Salary 0 - 7 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 25% less
Central Tool Room & Training Centre Production Engineer Salary 0 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹3.6 L/yr 24% less
Solex Energy Production Engineer Salary 0 - 12 years exp. (4 salaries)	₹1.2 L/yr - ₹2.1 L/yr 48% less
Sree Metaliks Production Engineer Salary 2 - 4 years exp. (3 salaries)	₹2 L/yr - ₹4.1 L/yr 8% less
Dynamic Engineering Production Engineer Salary 4 - 10 years exp. (3 salaries)	₹2.4 L/yr - ₹5 L/yr 17% more
Marshall Machines Production Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹9 L/yr 48% more

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Production Engineer salary at Stovec Industries ranges between ₹3 Lakhs to ₹3.9 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Stovec Industries.

Experience wise Stovec Industries Production Engineer salaries

Last Updated: 21 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
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4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr

Similar Designation salaries in Stovec Industries

Production Officer Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Executive Engineer Salary

(4 salaries)

₹6.6 L/yr - ₹8.5 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Quality Engineer Salary

(7 salaries)

₹1.56 L/yr - ₹6 L/yr

Production Supervisor Salary

(5 salaries)

₹3.1 L/yr - ₹5.25 L/yr

Salary related reviews for Stovec Industries

Executive in Ahmedabad

Production, Manufacturing & Engineering Department

5.0

• posted on 17 Sep 2017

4.0

for Salary and Benefits

Likes

The company is very innovative.This is my good fortune that I am a part of the SPG team as market reliable & high quality products. I have worked here in production department,Q.C.department & in logistics with creating a new remarkable achievement's.

Salary - Good

+6 more

Dislikes

... value an individual or it's part of his job to stretch more his subordinates. Compensation is good but growth is very slow.Appreciations will come through the year, but it isn't visible in appraisal.

Senior Design Engineer in Ahmedabad

Full Time

Research & Development Department

4.0

• posted on 04 Aug 2018

4.0

for Salary and Benefits

Likes

The company started from 1967 is one of the leaders in textile printing arena. The products are designed to Carter the tier-2 and tier-3 level customers in India and abroad. The company has adiversified portfolio, and has a considerbly consistent growth since inception. Run by an Indian management which believes in humanity first, so job security comes first. A company with minimum attrition rate. One can secure a good paying job with considerable work life balance, with a calm working atmosphere. As number of employees are less, so is office politics.

Salary - Good

+2 more

Dislikes

The company has seen many up and down in all these years. The products seems to be outdated and requires major overhaul considering today's trends and competitive market. The value addition in products considering the years the company has been in the market is poor. I feel you can join this organisation after the age of 35, when your liabilities push you to work than your job satisfaction. You can peacefully retire here dishing out the same repeative work over all the years.

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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Stovec Industries Production Engineer Salary FAQs

What is the salary of Production Engineer at Stovec Industries ?

The average salary of a Production Engineer at Stovec Industries in India typically ranges from ₹3.0 Lakhs to ₹3.9 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Production Engineer at Stovec Industries earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. Production Engineer Salaries at Stovec 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 Stovec Industries employees in India.

What is the estimated take home salary of a Production Engineer at Stovec Industries in India?

The estimated take-home salary of a Production Engineer at Stovec Industries in India typically ranges from ₹23,125 to ₹24,591 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from 1 year to 4 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 Stovec Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Stovec Industries for Production Engineer in India?

Morganite Crucible India	₹4.5 Lakhs to ₹5.6 Lakhs per year
Axtel Industries	₹4.2 Lakhs to ₹6.3 Lakhs per year
Marshall Machines	₹2.2 Lakhs to ₹9.0 Lakhs per year
Pradeep Metals	₹3.2 Lakhs to ₹4.8 Lakhs per year
UNI Klinger	₹2.0 Lakhs to ₹5.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Stovec Industries, depending on the role and experience level.

What is the salary of a Production Engineer in companies similar to Stovec Industries in India?

The salary of a Production Engineer at companies similar to Stovec Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Dynamic Engineering	₹2.4 Lakhs to ₹5.0 Lakhs per year
Praj Hipurity Systems	₹3.2 Lakhs to ₹4.3 Lakhs per year
Chakr Innovation	₹2.2 Lakhs to ₹4.7 Lakhs per year
Cenlub Industries	₹2.2 Lakhs to ₹3.9 Lakhs per year
Ok Play	₹1.8 Lakhs to ₹3.3 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 Production Engineer at Stovec Industries in India?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
3 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.4 Lakhs per year

and so on.

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Stovec Industries Production Engineer Salaries

Stovec Industries Production Engineer salary in India ranges between ₹3 Lakhs to ₹3.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Stovec Industries latest salaries received from various employees of Stovec Industries.