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. (91 salaries)	₹1 L/yr - ₹5 L/yr 55% less	3 job openings
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SimplyFI Softech Innovation Engineer Salary 1 - 4 years exp. (19 salaries)	₹3.7 L/yr - ₹7 L/yr 23% 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.

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

Dislikes

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

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

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.

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.

Operation Incharge in Jalandhar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 16 Oct 2024

4.0

for Salary and Benefits

Likes

Salary and facilities are soo good. Thermax company Is good.

Dislikes

1.Very worst site management. 2. Top level project managers are only hearing site management staff only.not hearing all the staffs opinions.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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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.