Thermax Limited new Product Development Engineer Salaries by 4 Employees

0 - 5 years exp.

₹6.3 Lakhs - ₹11.1 Lakhs

Low Confidence

Salary of majority employees

Fixed (79%)

₹7 Lakhs

Variable (21%)

₹1.8 Lakh

117% more than the average new Product Development Engineer Salary in Industrial Machinery Companies for 0 - 5 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹10.6 L/yr - ₹11.1 L/yr
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Production, Manufacturing & Engineering new Product Development Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹6.6 L/yr - ₹8 L/yr

Last Updated: 31 Dec 2024

Companies similar to Thermax Limited for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Lakshmi Machine Works new Product Development Engineer Salary 3 - 6 years exp. (4 salaries)	₹4 L/yr - ₹6.5 L/yr 47% less
ABB new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 44% less
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EMERSON PROCESS MANAGEMENT new Product Development Engineer Salary 3 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 55% less
Flowserve new Product Development Engineer Salary 8 - 11 years exp. (3 salaries)	₹9.4 L/yr - ₹10.5 L/yr 15% more
Cummins new Product Development Engineer Salary 3 - 6 years exp. (3 salaries)	₹7.4 L/yr - ₹9.4 L/yr 1% less

new Product Development Engineer salary at Thermax Limited ranges between ₹6.3 Lakhs to ₹11.1 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited new Product Development Engineer salaries

Last Updated: 31 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
2 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.2 L/yr
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3 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr
5 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr

Similar Designation salaries in Thermax Limited

Product Development Engineer Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Production Engineer Salary

(89 salaries)

₹2.05 L/yr - ₹8 L/yr

Product Engineer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Design Engineer Salary

(23 salaries)

₹6.3 L/yr - ₹12.15 L/yr

Project Engineer Salary

(119 salaries)

₹2 L/yr - ₹9.71 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Production Officer Salary

(13 salaries)

₹3 L/yr - ₹4.5 L/yr

Assistant Engineer Salary

(9 salaries)

₹2.5 L/yr - ₹4.8 L/yr

Production Manager Salary

(10 salaries)

₹10.5 L/yr - ₹14.35 L/yr

Design Engineer Salary

(120 salaries)

₹2.1 L/yr - ₹10.71 L/yr

Salary related reviews for Thermax Limited

Shift Incharge in Pune

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 07 Apr 2024

3.0

for Salary and Benefits

Likes

1- main work culture 2- works on safety 3- work without taken risk 4- maintain every parameter as per norms.

Company culture - Good

+1 more

Dislikes

1- dump in salary growth 2- never aspect stability in one location 3- They also hire 2 years contract basis 4- No additional benefits

Promotions - Poor

Lead Engineer in Prayagraj / Allahabad

Full Time

Other Department

4.0

• posted on 19 Nov 2024

5.0

for Salary and Benefits

Likes

Salary timely

Salary - Excellent

+5 more

Dislikes

Sub contractors are doing blackmailing very frequently asking always extra mone& benefits. It's necessary to construct a strict contracts in which rates at bottom level should be minimum & rates of upper floor should be higher 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

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.

Shift Incharge in Karnataka

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 26 Feb 2022

3.0

for Salary and Benefits

Likes

...agement is transperant.There is a huge cafeteria and gaming arcade for chilling.Company policies are good, appraisal are fair and they give time to salary hike and bonus every year.

Skill development - Excellent

+3 more

Dislikes

There is a lot of politics and the management, salary is doesn't decent,

see more salary related reviews

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Thermax Limited new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Thermax Limited ?

The average salary of a new Product Development Engineer at Thermax Limited in India typically ranges from ₹6.3 Lakhs to ₹11.1 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of new Product Development Engineer at Thermax Limited earn more than ₹11.1 Lakhs per year, and the top 1% earn over ₹11.1 Lakhs per year. new Product Development 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 4 Thermax Limited employees in India.

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

The estimated take-home salary of a new Product Development Engineer at Thermax Limited in India typically ranges from ₹64,365 to ₹66,005 per month. This is based on the average salary range of ₹6.3 Lakhs to ₹11.1 Lakhs per year for employees with experience ranging from Fresher to 5 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 4 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 new Product Development Engineer in India?

Flowserve

₹9.4 Lakhs to ₹10.5 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 new Product Development Engineer in companies similar to Thermax Limited in India?

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

Cummins	₹7.4 Lakhs to ₹9.4 Lakhs per year
ABB	₹4.5 Lakhs to ₹5.3 Lakhs per year
Lakshmi Machine Works	₹4.0 Lakhs to ₹6.5 Lakhs per year
EMERSON PROCESS MANAGEMENT	₹3.6 Lakhs to ₹4.6 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 new Product Development Engineer at Thermax Limited in India?

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

Experience	Average Salary Range
Fresher	₹5.6 Lakhs to ₹7.2 Lakhs per year
2 years	₹9.5 Lakhs to ₹12.2 Lakhs per year
3 years	₹10.0 Lakhs to ₹12.8 Lakhs per year
5 years	₹6.6 Lakhs to ₹8.4 Lakhs per year

and so on.

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Thermax Limited new Product Development Engineer Salaries

Thermax Limited new Product Development Engineer salary in India ranges between ₹6.3 Lakhs to ₹11.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Thermax Limited latest salaries received from various employees of Thermax Limited.