Thermax Limited Pune Material Engineer Salaries by 5 Employees

1 - 10 years exp.

₹3.3 Lakhs - ₹8 Lakhs

Salary of majority employees

Fixed (94%)

₹5.9 Lakhs

Variable (6%)

₹0.4 Lakh

9% less than the average Material Engineer Salary in Industrial Machinery Companies for 1 - 10 years of experience

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Salaries in different departments

Procurement & Supply Chain Material Engineer Salary 3 - 7 years exp. (3 salaries)	₹7 L/yr - ₹8 L/yr
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Production, Manufacturing & Engineering Material Engineer Salary 1 - 10 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹5.9 L/yr

Last Updated: 30 Oct 2024

Companies similar to Thermax Limited for Material Engineer in Pune

Thermax Limited Material Engineer Salary

1 - 10 years exp. (5 salaries)

₹3.3 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
Baker Gauges Material Engineer Salary 5 - 10 years exp. (6 salaries)	₹4.2 L/yr - ₹5.8 L/yr 21% less
Bharat Forge Material Engineer Salary 1 - 7 years exp. (4 salaries)	₹5 L/yr - ₹5.8 L/yr 11% less
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Minda Stoneridge Instruments Material Engineer Salary 3 - 7 years exp. (4 salaries)	₹4 L/yr - ₹6 L/yr 25% less
Sanghvi Movers Material Engineer Salary 3 - 6 years exp. (4 salaries)	₹3.1 L/yr - ₹3.5 L/yr 48% less
Flash Electronics Material Engineer Salary 2 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr 12% less

Material Engineer salary at Thermax Limited ranges between ₹3.3 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited Material Engineer salaries in Pune

Last Updated: 30 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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4 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
10 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr

Similar Designation salaries in Thermax Limited

Senior Engineer Salary

(23 salaries)

₹4.05 L/yr - ₹11.57 L/yr

Quality Engineer Salary

(21 salaries)

₹2.4 L/yr - ₹7.5 L/yr

QA QC Engineer Salary

(19 salaries)

₹3 L/yr - ₹8.5 L/yr

Site Engineer Salary

(8 salaries)

₹3 L/yr - ₹8.75 L/yr

Salary related reviews for Thermax Limited

3.0

Rated by 1 employees for salary & benefits

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

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

Field Engineer in Jhajjar

Part Time

Production, Manufacturing & Engineering Department

4.0

• posted on 03 May 2023

4.0

for Salary and Benefits

Likes

Staff behaviour good Salary credited on time Monthly motivation metting and explain company policy and new plan Safety PPE quality is good

Salary - Good

+6 more

Dislikes

Some time leave issue due to manpower issue Recruited PPE not given on time

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

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Thermax Limited Material Engineer Salary FAQs

What is the salary of Material Engineer at Thermax Limited in Pune?

The average salary of a Material Engineer at Thermax Limited in Pune typically ranges from ₹3.3 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Material Engineer in Pune at Thermax Limited earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Material Engineer 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 Material Engineer at Thermax Limited in Pune?

The estimated take-home salary of a Material Engineer at Thermax Limited in Pune typically ranges from ₹48,167 to ₹49,307 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 10 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.

What is the salary of a Material Engineer in companies similar to Thermax Limited in Pune?

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

Bharat Forge	₹5.0 Lakhs to ₹5.8 Lakhs per year
Flash Electronics	₹4.5 Lakhs to ₹6.5 Lakhs per year
Baker Gauges	₹4.2 Lakhs to ₹5.8 Lakhs per year
Minda Stoneridge Instruments	₹4.0 Lakhs to ₹6.0 Lakhs per year
Sanghvi Movers	₹3.1 Lakhs to ₹3.5 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 Material Engineer at Thermax Limited in Pune?

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

Experience	Average Salary Range
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
4 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
7 years	₹6.8 Lakhs to ₹8.6 Lakhs per year

and so on.

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Thermax Limited Material Engineer Salaries in Pune

Thermax Limited Material Engineer salary in Pune ranges between ₹3.3 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Thermax Limited latest salaries received from various employees of Thermax Limited.