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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.
Salary of majority employees
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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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₹2.8 L/yr - ₹6.8 L/yr

arrow icon 46% more
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₹4.5 L/yr - ₹6.5 L/yr

arrow icon 65% more
Logo
Phenom Product Development Engineer Salary

0 - 4 years exp. (203 salaries)

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₹5.3 L/yr - ₹18 L/yr

arrow icon 238% more
3 job openings
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₹5.4 L/yr - ₹9 L/yr

arrow icon 103% more
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₹4 L/yr - ₹15.1 L/yr

arrow icon 182% more
1 job opening
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

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5 years exp.
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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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₹3.6 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 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

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

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.

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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

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Dislikes

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

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

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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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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?
Product Development Engineer salary at The India Thermit Corporation in India ranges between ₹3.2 Lakhs to ₹3.5 Lakhs for experience between 4 years to 6 years. According to our estimates it is 58% less than the average Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of The India Thermit Corporation India.
How does the salary of a Product Development Engineer at The India Thermit Corporation India compare with the average salary range for this job?
The average salary of a Product Development Engineer at The India Thermit Corporation is 58% less than the average salary of a Product Development Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than The India Thermit Corporation to a Product Development Engineer in India?
  • Phenom Product Development Engineer Salary - ₹5.3 Lakhs to ₹18.0 Lakhs per year
  • TE Connectivity Product Development Engineer Salary - ₹4.0 Lakhs to ₹15.1 Lakhs per year
  • Comviva Technology Product Development Engineer Salary - ₹5.4 Lakhs to ₹9.0 Lakhs per year
  • Lakshmi Machine Works Product Development Engineer Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year
  • Hindalco Industries Product Development Engineer Salary - ₹2.8 Lakhs to ₹6.8 Lakhs per year
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 ranges between ₹24,410 per month to ₹25,858 per month in India. The take-home salary calculation is based on the average The India Thermit Corporation Product Development Engineer salary in India which ranges between ₹3.2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 4 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Product Development Engineer at The India Thermit Corporation?
According to AmbitionBox, 100% of the The India Thermit Corporation Product Development Engineers reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

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.