Thermax Limited Innovation Engineer Salaries by 4 Employees (Updated 2025)

1 - 6 years exp.

₹5.8 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

52% more than the average Innovation Engineer Salary in Industrial Machinery Companies for 1 - 6 years of experience

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Last Updated: 28 Jun 2024

Companies similar to Thermax Limited for Innovation Engineer

Company name	Avg Annual Salary	Open Jobs
Danfoss Industries Innovation Engineer Salary 6 - 9 years exp. (4 salaries)	₹10.1 L/yr - ₹15 L/yr 71% more
Stemrobo Technologies Innovation Engineer Salary 0 - 6 years exp. (93 salaries)	₹1 L/yr - ₹5 L/yr 55% less
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SimplyFI Softech Innovation Engineer Salary 1 - 4 years exp. (20 salaries)	₹3.7 L/yr - ₹7 L/yr 24% less
TCS Innovation Engineer Salary 0 - 1 year exp. (15 salaries)	₹9 L/yr - ₹14 L/yr 59% more
Nex-G Exuberant Solutions Innovation Engineer Salary 0 - 5 years exp. (12 salaries)	₹1 L/yr - ₹8.2 L/yr 42% less

Innovation Engineer salary at Thermax Limited ranges between ₹5.8 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited Innovation Engineer salaries

Last Updated: 28 Jun 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.8 L/yr - ₹10.7 L/yr
2 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.5 L/yr
4 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8 L/yr
6 years (AmbitionBox Estimate)	₹8 L/yr - ₹8 L/yr

View all

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Salary related reviews for Thermax Limited

Electrical Technician in Pune

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 19 Nov 2023

5.0

for Salary and Benefits

Likes

1) I had good opportunity to work under a good management which use to take care of employees. 2) I had a free hand in working. 3) I was always challenged with new task, with a step ahead from my position, that help me groom into position I did.

Salary - Excellent

+6 more

Dislikes

Salary was low side,

Assistant Engineer in Sirohi

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 08 Oct 2023

1.0

for Salary and Benefits

Likes

I am quite happy to have worked in Thermax, or I have got a lot of experience in Thermax which will make my future better

Skill development - Excellent

+5 more

Dislikes

Salary structure is not goog for thermax engineering, and senior management underestimate our work preformence

Salary - Bad

Electrical Engineer in Kharagpur

Contractual

Energy & Mining Department

4.0

• posted on 03 Jul 2024

3.0

for Salary and Benefits

Likes

I mostly like 1. Salary on time 2. Work culture becouse i get good Colleague then other departments

Company culture - Good

Dislikes

If you need good appraisal you need buttering to you manager..BBS, OBSERVATION, & NEAR MISS giving in every month is compulsory, we create fake near miss or observation infact BBS to complete our compulsory target, that is major headache. I given my 100% i got no increment and manage say's What did you do special for company? You did only you job responsibilities, how can a manager says like this. I performed the job responsibilities well due to which there was no problem in the company whole year.

Job security - Poor

+1 more

Senior Engineer in Ahmedabad

Project & Program Management Department

4.0

• posted on 12 Apr 2020

3.0

for Salary and Benefits

Likes

Thermax company is very good. If you are permanent employee. But Fix term employee has so many difficulty face in ground level.

Dislikes

The work pressure is very high and compensation is very slow. At work place we have to play somany rool . Like project execution, HR, safety and commercial also.

Job security - Poor

+2 more

Sales And Business Development in Mumbai

Full Time

Sales & Business Development Department

4.0

• posted on 26 Jan 2025

3.0

for Salary and Benefits

Likes

- good working environment - leadership is quite good - work life balance - skill development opportunities through company programs

Skill development - Good

+4 more

Dislikes

- salary quite average - top management gets information through sr manager and Jr employees opinion not much counted - no mechanism for 360 degree feedback

see more salary related reviews

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Thermax Limited Innovation Engineer Salary FAQs

What is the salary of Innovation Engineer at Thermax Limited?

Innovation Engineer salary at Thermax Limited in India ranges between ₹5.8 Lakhs to ₹8.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 52% more than the average Innovation Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Thermax Limited India.

How does the salary of a Innovation Engineer at Thermax Limited India compare with the average salary range for this job?

The average salary of a Innovation Engineer at Thermax Limited is 52% more than the average salary of a Innovation Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Thermax Limited to a Innovation Engineer in India?

Danfoss Industries Innovation Engineer Salary - ₹10.1 Lakhs to ₹15.0 Lakhs per year
TCS Innovation Engineer Salary - ₹9.0 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Innovation Engineer in companies similar to Thermax Limited in India?

SimplyFI Softech Innovation Engineer Salary - ₹3.7 Lakhs to ₹7.0 Lakhs per year
Nex-G Exuberant Solutions Innovation Engineer Salary - ₹1.0 Lakhs to ₹8.2 Lakhs per year
Stemrobo Technologies Innovation Engineer Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year

What is the estimated take home salary of a Innovation Engineer at Thermax Limited in India?

The estimated take-home salary of a Innovation Engineer at Thermax Limited ranges between ₹52,672 per month to ₹53,981 per month in India. The take-home salary calculation is based on the average Thermax Limited Innovation Engineer salary in India which ranges between ₹5.8 Lakhs to ₹8.0 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Innovation Engineer at Thermax Limited?

According to AmbitionBox, 100% of the Thermax Limited Innovation Engineers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Thermax Limited Innovation Engineer Salaries

Thermax Limited Innovation Engineer salary in India ranges between ₹5.8 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Thermax Limited latest salaries received from various employees of Thermax Limited.