Thermax Limited Panel Engineer Salaries by 3 Employees (Updated 2025)

5 - 11 years exp.

₹5.4 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

18% less than the average Panel Engineer Salary in Industrial Machinery Companies for 5 - 11 years of experience

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Salaries in different departments

Construction & Site Engineering Panel Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹5.9 L/yr
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Energy & Mining Panel Engineer Salary 11 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 6 Jan 2025

Companies similar to Thermax Limited for Panel Engineer

Company name	Avg Annual Salary	Open Jobs
Reliance Industries Panel Engineer Salary 3 - 11 years exp. (52 salaries)	₹4.5 L/yr - ₹10 L/yr 31% more
Nirma Panel Engineer Salary 1 - 5 years exp. (15 salaries)	₹2.8 L/yr - ₹4.5 L/yr 33% less
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Cairn Energy Panel Engineer Salary 2 - 8 years exp. (6 salaries)	₹7.5 L/yr - ₹10 L/yr 57% more
Ongc Petro Additions Panel Engineer Salary 2 - 8 years exp. (5 salaries)	₹6 L/yr - ₹8.5 L/yr 28% more
IG Petrochemicals Panel Engineer Salary 4 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹6 L/yr 9% less

Panel Engineer salary at Thermax Limited ranges between ₹5.4 Lakhs to ₹6 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 3 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited Panel Engineer salaries

Last Updated: 6 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
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11 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr

Similar Designation salaries in Thermax Limited

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₹1.5 L/yr - ₹6.09 L/yr

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Salary related reviews for Thermax Limited

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

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

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,

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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 Panel Engineer Salary FAQs

How the salary growth look like for a Panel Engineer at Thermax Limited in India?

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

Experience	Average Salary Range
5 years	₹4.9 Lakhs to ₹6.2 Lakhs per year
11 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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Thermax Limited Panel Engineer Salaries

Thermax Limited Panel Engineer salary in India ranges between ₹5.4 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Thermax Limited latest salaries received from various employees of Thermax Limited.