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Tech Mahindra Product Development Engineer salaries in India

Annual salary range
4 - 10 years exp.
₹9.5 Lakhs - ₹14 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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35% more than the average Product Development Engineer Salary in IT Services & Consulting Companies for 4 - 10 years of experience

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Salaries in different departments

Research & Development
Product Development Engineer Salary
4 - 5 years exp. (3 salaries)
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₹9.5 L/yr - ₹10 L/yr

Engineering - Software & QA
Product Development Engineer Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹11.9 L/yr - ₹14 L/yr

Last Updated: 9 Mar 2024

Companies similar to Tech Mahindra for Product Development Engineer

Company name Avg Annual Salary Open Jobs
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HCLTech Product Development Engineer Salary

1 - 7 years exp. (43 salaries)

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₹2.6 L/yr - ₹6.6 L/yr

arrow icon 59% less
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₹8 L/yr - ₹14.5 L/yr

arrow icon 6% more
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TCS Product Development Engineer Salary

1 - 9 years exp. (23 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 39% less
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₹5.1 L/yr - ₹10 L/yr

arrow icon 18% less
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₹2.6 L/yr - ₹4.1 L/yr

arrow icon 69% less
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IBM Product Development Engineer Salary

4 - 6 years exp. (4 salaries)

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₹7.5 L/yr - ₹14 L/yr

At par
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₹4.5 L/yr - ₹16 L/yr

arrow icon 19% less
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₹4 L/yr - ₹7 L/yr

arrow icon 51% less
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Coforge Product Development Engineer Salary

4 - 6 years exp. (3 salaries)

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₹3.7 L/yr - ₹4.7 L/yr

arrow icon 62% less
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₹11.5 L/yr - ₹15 L/yr

arrow icon 20% more
Product Development Engineer salary at Tech Mahindra ranges between ₹9.5 Lakhs to ₹14 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Tech Mahindra.

Latest annual salaries shared by Tech Mahindra Product Development Engineer

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10 years exp.
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5 years exp.
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9 years exp.
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Experience wise Tech Mahindra Product Development Engineer salaries

Last Updated: 9 Mar 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹18.5 L/yr
5 years (AmbitionBox Estimate)

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₹9.8 L/yr - ₹19 L/yr
6 years (AmbitionBox Estimate)

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₹9.8 L/yr - ₹12.5 L/yr
7 years (AmbitionBox Estimate)

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₹10.1 L/yr - ₹12.9 L/yr
8 years (AmbitionBox Estimate)

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₹10.3 L/yr - ₹13.2 L/yr
View all

Similar Designation salaries in Tech Mahindra

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₹4 L/yr - ₹7 L/yr
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₹4.2 L/yr - ₹11.75 L/yr
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₹2.15 L/yr - ₹6.49 L/yr
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₹3.49 L/yr - ₹10.1 L/yr
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₹6.4 L/yr - ₹18 L/yr
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₹4.5 L/yr - ₹15.6 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
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₹2.64 L/yr - ₹4.5 L/yr
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₹8.19 L/yr - ₹24.53 L/yr
Design Engineer Salary
(1.4k salaries)
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₹2.5 L/yr - ₹9.1 L/yr

Salary related reviews for Tech Mahindra

Full Time

 · 

IT & Information Security Department

3.0
  •  posted on 21 Mar 2025

2.0
 for  Salary and Benefits

Likes

Except Salary pay scale as per band and increment cycle, everything is good - Learning, Career Path, CSR, IJP.

read more
  • Skill development - Good
  • +2 more

Dislikes

Delay in increment, Management mostly the sales team delays the decision, Organization first associates later policy, Transport is from associates own pocket though an associate work as per client working hours.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Project & Program Management Department

2.0
  •  posted on 12 Mar 2025

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

Low Salary, No hikes, long working hours, calls for long hours after shift ends. Continuous calls from manager after work timings. No work life balance. No skill development as you are shifted from project to project when you start learning. No team bonding. Everyone tried to put blame on one another. No team lunches. No appreciation of work done. No comp off provided for working on weekends. Bad food on campus.

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 05 Mar 2025

2.0
 for  Salary and Benefits

Likes

You can work on different roles from top to bottom like from solution architect, coe,business analyst to system administrator hardware engineer.

read more

Dislikes

...ategory. No onsite opportunity but at the time of joining they ask for passport. Hike is nominal if you get 5rating then you will be promoted but don't think about increase in salary. False commitment

read more
  • Salary - Poor
  • +2 more

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 14 Feb 2025

1.0
 for  Salary and Benefits

Likes

Writing about them

Dislikes

To put it very simply, there won't be a double-digit salary hike even if you work for 10 years. The management is toxic, and it can be very depressing. Start learning new things while working here, as nothing in this company will provide you with good experience, except the total years of experience."

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 10 Feb 2025

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...t location or different city. If u raise concern they treat u like daily wagers. No hike in salary no worklife balance

read more
  • Salary - Poor
  • +6 more
see more salary related reviews

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Tech Mahindra Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Tech Mahindra ?
The average salary of a Product Development Engineer at Tech Mahindra in India typically ranges from ₹9.5 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Product Development Engineer at Tech Mahindra earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Product Development Engineer Salaries at Tech Mahindra 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 5 Tech Mahindra employees in India.
What is the estimated take home salary of a Product Development Engineer at Tech Mahindra in India?
The estimated take-home salary of a Product Development Engineer at Tech Mahindra in India typically ranges from ₹76,957 to ₹78,954 per month. This is based on the average salary range of ₹9.5 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 4 years to 10 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 5 salaries received from various employees of Tech Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Tech Mahindra for Product Development Engineer in India?
Capgemini ₹11.5 Lakhs to ₹15.0 Lakhs per year
Mercedes-Benz Research and Development India ₹8.0 Lakhs to ₹14.5 Lakhs per year
IBM ₹7.5 Lakhs to ₹14.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Tech Mahindra, depending on the role and experience level.
What is the salary of a Product Development Engineer in companies similar to Tech Mahindra in India?
The salary of a Product Development Engineer at companies similar to Tech Mahindra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

DXC Technology ₹5.1 Lakhs to ₹10.0 Lakhs per year
Accenture ₹4.5 Lakhs to ₹16.0 Lakhs per year
TCS ₹4.0 Lakhs to ₹10.0 Lakhs per year
Tata Elxsi ₹4.0 Lakhs to ₹7.0 Lakhs per year
HCLTech ₹2.6 Lakhs to ₹6.6 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 Product Development Engineer at Tech Mahindra in India?
The salary growth for a Product Development Engineer at Tech Mahindra depends on factors such as experience, performance, and promotions. On average, a Product Development Engineer can expect the following growth trajectory at Tech Mahindra:

Experience Average Salary Range
4 years ₹9.5 Lakhs to ₹18.5 Lakhs per year
5 years ₹9.8 Lakhs to ₹19.0 Lakhs per year
6 years ₹9.8 Lakhs to ₹12.5 Lakhs per year
7 years ₹10.1 Lakhs to ₹12.9 Lakhs per year
and so on.

Tell us how to improve this page.

Tech Mahindra Product Development Engineer salary in India ranges between ₹9.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Tech Mahindra latest salaries received from various employees of Tech Mahindra.