Tata Steel Innovation Manager Salaries by 4 Employees

3 - 7 years exp.

₹12.4 Lakhs - ₹25.7 Lakhs

Low Confidence

Salary of majority employees

16% less than the average Innovation Manager Salary in Iron & Steel Companies for 3 - 7 years of experience

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Last Updated: 16 Aug 2023

Companies similar to Tata Steel for Innovation Manager

Company name	Avg Annual Salary	Open Jobs
Maruti Suzuki Innovation Manager Salary 2 - 9 years exp. (11 salaries)	₹18 L/yr - ₹25 L/yr 20% more	1 job opening
Deloitte Innovation Manager Salary 7 - 12 years exp. (7 salaries)	₹17.5 L/yr - ₹20.8 L/yr 15% more
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Capgemini Innovation Manager Salary 7 - 15 years exp. (7 salaries)	₹11 L/yr - ₹18.8 L/yr 18% less
AB InBev India Innovation Manager Salary 9 - 10 years exp. (5 salaries)	₹24.5 L/yr - ₹39 L/yr 64% more
Hindustan Unilever Innovation Manager Salary 3 - 13 years exp. (4 salaries)	₹28 L/yr - ₹40 L/yr 91% more

Innovation Manager salary at Tata Steel ranges between ₹12.4 Lakhs to ₹25.7 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Tata Steel.

Experience wise Tata Steel Innovation Manager salaries

Last Updated: 16 Aug 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹12.4 L/yr
4 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr
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5 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹18 L/yr
6 years (AmbitionBox Estimate)	₹19.3 L/yr - ₹37.6 L/yr
7 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹25.7 L/yr

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Salary related reviews for Tata Steel

Project Engineer in Jamshedpur

Full Time

Construction & Site Engineering Department

3.0

• posted on 29 Feb 2024

3.0

for Salary and Benefits

Likes

Work life is balanced in this company

Job security - Excellent

+3 more

Dislikes

...ou will not be aware of that. Their attitude and ego is as high as IAS officers. They will add your bonus amount to CTC and provide your ctc structure in informal format and it will vary in your appointment letter so please do recheck and negotiate again

Lead Engineer in Angul

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 01 Aug 2023

3.0

for Salary and Benefits

Likes

If you have a talent of flattering then your salary and grades will be in sky High.

Job security - Good

Dislikes

Tata think that ,the college from where they hired student only here in B.tech engineering subjects are teaches to the students in other colleges Tata think in B.tech except engineering subjects other subjects like history, geography, seismology teaches to the students.

Promotions - Bad

+2 more

Junior Engineer in Khopoli

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 11 Aug 2023

1.0

for Salary and Benefits

Likes

Nothing , only feel proud for work with TATA

Job security - Good

+1 more

Dislikes

...large amount pay for launch . Work culture is not good , not any satisfaction . Salary comes very little in hand . Doing extra hours duty with 6 days working .

Salary - Bad

+2 more

Deputy Manager in Jamshedpur

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 18 May 2023

1.0

for Salary and Benefits

Likes

Job security is good, if you don't work hard then you don't get good ratings but job is secure.

Job security - Good

Dislikes

- very low pay scale - very low bonus - company doesn't follow any time line of increment of salary or bonus. - very slow HR department - management doesn't respect extra effort of employees

Salary - Bad

+4 more

Deputy Manager in Jamshedpur

Full Time

Procurement & Supply Chain Department

2.0

• posted on 22 Sep 2022

1.0

for Salary and Benefits

Likes

Location is good. Tata brand.

Dislikes

There is a whole list. Heavy corporate politics, nepotism at its peak, benefits are just an illusion, management is highly unprofessional, compensation is industry lowest, CTC is flawed, employees' overall development is zero, and many many more. If you want to regret one thing in your life - just join here.

Salary - Bad

+6 more

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Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Tata Steel Innovation Manager Salary FAQs

What is the salary of Innovation Manager at Tata Steel ?

The average salary of a Innovation Manager at Tata Steel in India typically ranges from ₹12.4 Lakhs to ₹25.7 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Innovation Manager at Tata Steel earn more than ₹25.7 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Innovation Manager Salaries at Tata Steel 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 Tata Steel employees in India.

What is the estimated take home salary of a Innovation Manager at Tata Steel in India?

The estimated take-home salary of a Innovation Manager at Tata Steel in India typically ranges from ₹1,19,773 to ₹1,23,133 per month. This is based on the average salary range of ₹12.4 Lakhs to ₹25.7 Lakhs per year for employees with experience ranging from 3 years to 7 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 Tata Steel. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Tata Steel for Innovation Manager in India?

Hindustan Unilever	₹28.0 Lakhs to ₹40.0 Lakhs per year
AB InBev India	₹24.5 Lakhs to ₹39.0 Lakhs per year
Maruti Suzuki	₹18.0 Lakhs to ₹25.0 Lakhs per year
Deloitte	₹17.5 Lakhs to ₹20.8 Lakhs per year

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

What is the salary of a Innovation Manager in companies similar to Tata Steel in India?

The salary of a Innovation Manager at companies similar to Tata Steel in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Capgemini

₹11.0 Lakhs to ₹18.8 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 Innovation Manager at Tata Steel in India?

The salary growth for a Innovation Manager at Tata Steel depends on factors such as experience, performance, and promotions. On average, a Innovation Manager can expect the following growth trajectory at Tata Steel:

Experience	Average Salary Range
3 years	₹12.4 Lakhs to ₹12.4 Lakhs per year
4 years	₹12.4 Lakhs to ₹15.9 Lakhs per year
5 years	₹6.9 Lakhs to ₹18.0 Lakhs per year
6 years	₹19.3 Lakhs to ₹37.6 Lakhs per year

and so on.

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Tata Steel Innovation Manager Salaries

Tata Steel Innovation Manager salary in India ranges between ₹12.4 Lakhs to ₹25.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Tata Steel latest salaries received from various employees of Tata Steel.