Thermax Limited Panel Executive Salaries by 10 Employees

2 - 10 years exp.

₹3.8 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

36% less than the average Panel Executive Salary in Industrial Machinery Companies for 2 - 10 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Panel Executive Salary 2 - 10 years exp. (8 salaries)	₹4 L/yr - ₹5.5 L/yr
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Research & Development Panel Executive Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.6 L/yr

Last Updated: 24 Sep 2024

Companies similar to Thermax Limited for Panel Executive

Company name	Avg Annual Salary	Open Jobs
Reliance Industries Panel Executive Salary 4 - 17 years exp. (39 salaries)	₹4.3 L/yr - ₹11 L/yr 72% more
YouGov Panel Executive Salary 1 - 9 years exp. (12 salaries)	₹7.1 L/yr - ₹12 L/yr 104% more
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Deepak Phenolics Panel Executive Salary 1 - 3 years exp. (5 salaries)	₹3.2 L/yr - ₹4.6 L/yr 19% less
Sri Balaji Action Medical Institute Panel Executive Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4.3 L/yr 26% less
Genmarc Research Panel Executive Salary 0 - 1 year exp. (4 salaries)	₹2.1 L/yr - ₹2.5 L/yr 48% less

Panel Executive salary at Thermax Limited ranges between ₹3.8 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 10 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited Panel Executive salaries

Last Updated: 24 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹7.8 L/yr
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4 years (3 salaries)	₹4 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹8.3 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.2 L/yr

View all

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Salary related reviews for Thermax Limited

4.0

Rated by 1 employees for salary & benefits

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

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

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.

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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 Panel Executive Salary FAQs

What is the salary of Panel Executive at Thermax Limited ?

The average salary of a Panel Executive at Thermax Limited in India typically ranges from ₹3.8 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Panel Executive at Thermax Limited earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Panel Executive 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 10 Thermax Limited employees in India.

What is the estimated take home salary of a Panel Executive at Thermax Limited in India?

The estimated take-home salary of a Panel Executive at Thermax Limited in India typically ranges from ₹33,842 to ₹35,099 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years 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 10 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 Panel Executive in India?

YouGov	₹7.1 Lakhs to ₹12.0 Lakhs per year
Reliance Industries	₹4.3 Lakhs to ₹11.0 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 Panel Executive in companies similar to Thermax Limited in India?

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

Deepak Phenolics	₹3.2 Lakhs to ₹4.6 Lakhs per year
Sri Balaji Action Medical Institute	₹2.3 Lakhs to ₹4.3 Lakhs per year
Genmarc Research	₹2.1 Lakhs to ₹2.5 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 Panel Executive at Thermax Limited in India?

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

Experience	Average Salary Range
2 years	₹1.7 Lakhs to ₹4.3 Lakhs per year
3 years	₹4.3 Lakhs to ₹7.8 Lakhs per year
4 years	₹4.0 Lakhs to ₹4.5 Lakhs per year
5 years	₹1.8 Lakhs to ₹5.5 Lakhs per year

and so on.

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Thermax Limited Panel Executive Salaries

Thermax Limited Panel Executive salary in India ranges between ₹3.8 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Thermax Limited latest salaries received from various employees of Thermax Limited.