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The India Thermit Corporation Product Development Engineer salaries in India

Annual salary range
4 - 6 years exp.
₹3.2 Lakhs - ₹3.5 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.
Avg. annual salary
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Monthly In-hand Salary

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58% less than the average Product Development Engineer Salary in Industrial Machinery Companies for 4 - 6 years of experience

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Salaries in different departments

Product Management
Product Development Engineer Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹3.5 L/yr

Production, Manufacturing & Engineering
Product Development Engineer Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.7 L/yr

Last Updated: 24 Apr 2024

Companies similar to The India Thermit Corporation for Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹4.5 L/yr - ₹6.5 L/yr

arrow icon 62% more
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ABB Product Development Engineer Salary

4 - 7 years exp. (5 salaries)

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₹5 L/yr - ₹15 L/yr

arrow icon 174% more
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Vesuvius Product Development Engineer Salary

5 - 7 years exp. (4 salaries)

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₹5.7 L/yr - ₹8.9 L/yr

arrow icon 118% more
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₹2.8 L/yr - ₹7.9 L/yr

arrow icon 68% more
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Phenom Product Development Engineer Salary

1 - 4 years exp. (200 salaries)

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₹6 L/yr - ₹21.4 L/yr

arrow icon 260% more
6 job openings
Product Development Engineer salary at The India Thermit Corporation ranges between ₹3.2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of The India Thermit Corporation.

Latest annual salaries shared by The India Thermit Corporation Product Development Engineer

9mo ago
₹3.5 Lakhs
6 years exp.
1y ago
₹3.2 Lakhs
5 years exp.
1y ago
₹3.4 Lakhs
5 years exp.
1y ago
₹3.4 Lakhs
4 years exp.

Experience wise The India Thermit Corporation Product Development Engineer salaries

Last Updated: 24 Apr 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr

Similar Designation salaries in The India Thermit Corporation

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₹2.9 L/yr - ₹3.7 L/yr
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₹2.4 L/yr - ₹3.35 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr
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₹9.2 L/yr - ₹11.7 L/yr
Design Engineer Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
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₹2.4 L/yr - ₹3.5 L/yr
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₹4 L/yr - ₹4.5 L/yr
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₹2.4 L/yr - ₹3.5 L/yr
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₹2.3 L/yr - ₹3.5 L/yr

Salary related reviews for The India Thermit Corporation

3.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 30 May 2022

3.0
 for  Salary and Benefits

Likes

This is a good company to learn and there is not a such boundary set for the failure. Job security is high. Very co-operative superiors they support at every step.

read more
  • Job security - Good

Dislikes

Salary hike is not good. Working culture is low, very difficult to switch other company if you spent lot of time here. Try to learn and switch soon.

read more
  • Promotions - Poor
  • +2 more

Full Time

 · 

Quality Assurance Department

4.0
  •  posted on 23 Apr 2022

4.0
 for  Salary and Benefits

Likes

Job security is good as per work performance. Working culture is non systemetic. Management system and policies are same as per requirements.

read more
  • Salary - Good
  • +5 more

Dislikes

Working process is average. Growth and opportunities are not good. Not provided any training for skill development.

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 18 Aug 2018

3.0
 for  Salary and Benefits

Likes

Patience is very important for every one to doing work. I am working as a maintenance fitter Another plus point is that my colleagues come from various cultural backgrounds & we work happily in collabaration

read more
  • Job security - Good

Dislikes

Here our's growth is very slow so I want to leave this comapany .the work preesure is very high.

  • Promotions - Poor
  • +1 more

Full Time

 · 

Production, Manufacturing & Engineering Department

1.0
  •  posted on 29 Aug 2022

1.0
 for  Salary and Benefits

Likes

payment is on time

Dislikes

if you have work as any designation in this company after 10 year you thing that you have get manager post this is your wrong thing you found same designation after 10 year and salary is littile increase every year

read more
  • Salary - Bad
  • +6 more

Human Resources Department

5.0
  •  posted on 01 Jun 2022

5.0
 for  Salary and Benefits

Likes

India Thermit Corporation Limited is the best company to work with. The Management is supportive and are very good in every terms be it professionally or personally. Experienced great work life balance here. Job Security is there , Management will never give upon a candidate or employee instead they give chances to the deserving ones.

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  • Salary - Excellent
  • +6 more

Dislikes

I don’t have any dislikes about ITCL

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The India Thermit Corporation Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at The India Thermit Corporation ?
The average salary of a Product Development Engineer at The India Thermit Corporation in India typically ranges from ₹3.2 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Product Development Engineer at The India Thermit Corporation earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Product Development Engineer Salaries at The India Thermit Corporation 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 The India Thermit Corporation employees in India.
What is the estimated take home salary of a Product Development Engineer at The India Thermit Corporation in India?
The estimated take-home salary of a Product Development Engineer at The India Thermit Corporation in India typically ranges from ₹24,410 to ₹25,858 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 4 years to 6 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 The India Thermit Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than The India Thermit Corporation for Product Development Engineer in India?
Phenom ₹6.0 Lakhs to ₹21.4 Lakhs per year
ABB ₹5.0 Lakhs to ₹15.0 Lakhs per year
Vesuvius ₹5.7 Lakhs to ₹8.9 Lakhs per year
Shaily Engineering Plastics Ltd ₹2.8 Lakhs to ₹7.9 Lakhs per year
Lakshmi Machine Works ₹4.5 Lakhs to ₹6.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by The India Thermit Corporation, depending on the role and experience level.
How the salary growth look like for a Product Development Engineer at The India Thermit Corporation in India?
The salary growth for a Product Development Engineer at The India Thermit Corporation depends on factors such as experience, performance, and promotions. On average, a Product Development Engineer can expect the following growth trajectory at The India Thermit Corporation:

Experience Average Salary Range
4 years ₹3.1 Lakhs to ₹3.9 Lakhs per year
5 years ₹2.9 Lakhs to ₹3.8 Lakhs per year
6 years ₹3.2 Lakhs to ₹4.0 Lakhs per year
and so on.

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The India Thermit Corporation Product Development Engineer salary in India ranges between ₹3.2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 The India Thermit Corporation latest salaries received from various employees of The India Thermit Corporation.