Thermax Limited Business Analyst Salaries by 5 Employees

2 - 4 years exp.

₹5 Lakhs - ₹8.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

23% less than the average Business Analyst Salary in Industrial Machinery Companies for 2 - 4 years of experience

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Last Updated: 16 Mar 2023

Companies similar to Thermax Limited for Business Analyst

Company name	Avg Annual Salary	Open Jobs
John Deere Business Analyst Salary 1 - 9 years exp. (34 salaries)	₹10.2 L/yr - ₹22.3 L/yr 64% more
Caterpillar Inc Business Analyst Salary 1 - 4 years exp. (25 salaries)	₹5 L/yr - ₹17.3 L/yr 28% more
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Flowserve Business Analyst Salary 4 - 12 years exp. (24 salaries)	₹8.5 L/yr - ₹20 L/yr 96% more
KONE Business Analyst Salary 0 - 11 years exp. (15 salaries)	₹4.3 L/yr - ₹13.1 L/yr 13% more
ABB Business Analyst Salary 0 - 13 years exp. (15 salaries)	₹8.9 L/yr - ₹34 L/yr 171% more	1 job opening
Cummins Business Analyst Salary 0 - 6 years exp. (13 salaries)	₹6.8 L/yr - ₹25 L/yr 92% more
EMERSON PROCESS MANAGEMENT Business Analyst Salary 1 - 15 years exp. (8 salaries)	₹6.7 L/yr - ₹28 L/yr 116% more
Stanley Black & Decker Business Analyst Salary 2 - 7 years exp. (7 salaries)	₹5.1 L/yr - ₹16.4 L/yr 60% more
Danfoss Industries Business Analyst Salary 1 - 9 years exp. (5 salaries)	₹7 L/yr - ₹13.9 L/yr 47% more
TechnipFMC Business Analyst Salary 4 - 9 years exp. (5 salaries)	₹7.4 L/yr - ₹10 L/yr 22% more
Hilti Business Analyst Salary 4 - 12 years exp. (4 salaries)	₹20 L/yr - ₹48 L/yr 360% more
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Sandvik Mining and Rock Technology Business Analyst Salary 4 - 10 years exp. (4 salaries)	₹9 L/yr - ₹16.8 L/yr 61% more
Lakshmi Machine Works Business Analyst Salary 4 - 6 years exp. (3 salaries)	₹4 L/yr - ₹7 L/yr 34% less
Atlas Copco Business Analyst Salary 10 - 12 years exp. (3 salaries)	₹15 L/yr - ₹23.5 L/yr 128% more
KSB Limited - Irrigation & Process Division (IPD) Business Analyst Salary 1 - 10 years exp. (3 salaries)	₹4.2 L/yr - ₹14 L/yr 15% more

Business Analyst salary at Thermax Limited ranges between ₹5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited Business Analyst salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
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4 years (3 salaries)	₹5 L/yr - ₹12.9 L/yr

Similar Designation salaries in Thermax Limited

Senior Business Analyst Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Research Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Data Analyst Salary

(7 salaries)

₹3 L/yr - ₹6.7 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Data Analyst Salary

(AmbitionBox Estimate)

₹8.2 L/yr - ₹10.5 L/yr

Team Lead Salary

(18 salaries)

₹6.8 L/yr - ₹20 L/yr

Data Scientist Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Project Manager Salary

(137 salaries)

₹5.61 L/yr - ₹18.04 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹14.4 L/yr - ₹18.4 L/yr

Salary related reviews for Thermax Limited

2.6

Rated by 2 employees for salary & benefits

Deputy Manager in Pune

Sales & Business Development Department

5.0

• posted on 22 May 2022

3.0

for Salary and Benefits

Likes

Thermax is process driven company. Transparency in company policy from Top to bottom. Value & Ethical business is in blood. Work culture is still there. Emotions in place of Professionalism is still make life happy at Thermx

Skill development - Good

+4 more

Dislikes

Salary is d biggest set back for company.

Project Manager in Pune

Project Management Department

5.0

• posted on 04 Jun 2022

1.0

for Salary and Benefits

Likes

Good experience, learn a lot from people

Work-life balance - Good

Dislikes

HR are very poor and do not help at all, Worst management , no promotion at all, no hike very less than industry standards, poor technology used, very few self learning opportunities

Salary - Bad

+3 more

Material Engineer in Pune

Full Time

Other Department

3.0

• posted on 18 Mar 2025

3.0

for Salary and Benefits

Likes

Timely salary, Skill development Learning

Skill development - Good

Dislikes

Politics Mangers level people are so dominate & orthodox. Never let you to figure you out before management since they have to protect themselves as they have no new skill, ideas only they know buttering & politics & don't let the new guy to retain in company for a long run.

Promotions - Poor

+2 more

Shift Incharge in Kharagpur

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 04 Mar 2025

5.0

for Salary and Benefits

Likes

Safety culture is good, salary on time,

Salary - Excellent

+1 more

Dislikes

Company policy is good but site management feeling like owner of this company like shift Vechile using for personal working where suffering employee and specially on Bengal energy site on West Bengal, accommodation is so poor like they provided specially on Bengal energy,need to continue shift due man power shortage

Skill development - Poor

+2 more

Facility Manager in Bidar

Full Time

Energy & Mining Department

4.0

• posted on 19 Feb 2025

5.0

for Salary and Benefits

Likes

Good atmosphere for working I am trying to rejoin the Thermax group in Karnataka. I did not any idea of promotion and salary hike

Salary - Excellent

+2 more

Dislikes

Third party contractor like casual labour issue I discuss with our superior persons and also contractor but not resolve the issue

Job security - Bad

+2 more

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Top trending discussions

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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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Thermax Limited Business Analyst Salary FAQs

What is the salary of Business Analyst at Thermax Limited ?

The average salary of a Business Analyst at Thermax Limited in India typically ranges from ₹5.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Business Analyst at Thermax Limited earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Business Analyst Salaries at Thermax Limited 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 Thermax Limited employees in India.

What is the estimated take home salary of a Business Analyst at Thermax Limited in India?

The estimated take-home salary of a Business Analyst at Thermax Limited in India typically ranges from ₹56,262 to ₹57,673 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 2 years 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 5 salaries received from various employees of Thermax Limited. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Thermax Limited for Business Analyst in India?

Hilti	₹20.0 Lakhs to ₹48.0 Lakhs per year
ABB	₹8.9 Lakhs to ₹34.0 Lakhs per year
Atlas Copco	₹15.0 Lakhs to ₹23.5 Lakhs per year
EMERSON PROCESS MANAGEMENT	₹6.7 Lakhs to ₹28.0 Lakhs per year
Flowserve	₹8.5 Lakhs to ₹20.0 Lakhs per year

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

What is the salary of a Business Analyst in companies similar to Thermax Limited in India?

The salary of a Business Analyst at companies similar to Thermax Limited in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cummins	₹6.8 Lakhs to ₹25.0 Lakhs per year
John Deere	₹10.2 Lakhs to ₹22.3 Lakhs per year
Sandvik Mining and Rock Technology	₹9.0 Lakhs to ₹16.8 Lakhs per year
Stanley Black & Decker	₹5.1 Lakhs to ₹16.4 Lakhs per year
Danfoss Industries	₹7.0 Lakhs to ₹13.9 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 Business Analyst at Thermax Limited in India?

The salary growth for a Business Analyst at Thermax Limited depends on factors such as experience, performance, and promotions. On average, a Business Analyst can expect the following growth trajectory at Thermax Limited:

Experience	Average Salary Range
2 years	₹6.0 Lakhs to ₹7.6 Lakhs per year
3 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
4 years	₹5.0 Lakhs to ₹12.9 Lakhs per year

and so on.

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Thermax Limited Business Analyst Salaries

Thermax Limited Business Analyst salary in India ranges between ₹5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Thermax Limited latest salaries received from various employees of Thermax Limited.