Thermax Limited Product Manager Salaries by 10+ Employees (Updated 2025)

1 - 22 years exp.

₹7 Lakhs - ₹19 Lakhs

Salary of majority employees

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36% less than the average Product Manager Salary in Industrial Machinery Companies for 1 - 22 years of experience

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Salaries in different departments

Sales & Business Development Product Manager Salary 5 - 19 years exp. (7 salaries)	Unlock ₹7.6 L/yr - ₹18 L/yr
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Product Management Product Manager Salary 1 - 16 years exp. (6 salaries)	Unlock ₹7 L/yr - ₹19 L/yr

Last Updated: 29 Mar 2024

Companies similar to Thermax Limited for Product Manager

Company name	Avg Annual Salary	Open Jobs
Kirloskar Brothers Product Manager Salary 5 - 23 years exp. (4 salaries)	Unlock ₹8.4 L/yr - ₹13.6 L/yr 20% less
BHEL Product Manager Salary 2 - 15 years exp. (4 salaries)	Unlock ₹17 L/yr - ₹30 L/yr 83% more
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Siemens Product Manager Salary 7 - 17 years exp. (66 salaries)	Unlock ₹10.6 L/yr - ₹40 L/yr 89% more	1 job opening
Larsen & Toubro Limited Product Manager Salary 1 - 14 years exp. (29 salaries)	Unlock ₹6 L/yr - ₹22.4 L/yr 2% less
Cummins Product Manager Salary 3 - 16 years exp. (6 salaries)	Unlock ₹13.4 L/yr - ₹35.6 L/yr 48% more
ABB Product Manager Salary 4 - 19 years exp. (36 salaries)	Unlock ₹11.6 L/yr - ₹40 L/yr 68% more
Tata Power Product Manager Salary 1 year exp. (3 salaries)	Unlock ₹10.5 L/yr - ₹16 L/yr At par
CG Power and Industrial Solutions Product Manager Salary 3 - 11 years exp. (12 salaries)	Unlock ₹17.1 L/yr - ₹23.5 L/yr 46% more
Voltas Product Manager Salary 6 - 21 years exp. (5 salaries)	Unlock ₹8.5 L/yr - ₹18 L/yr 13% less
Blue Star Product Manager Salary 10 - 14 years exp. (7 salaries)	Unlock ₹22.3 L/yr - ₹32 L/yr 84% more
John Deere Product Manager Salary 8 - 19 years exp. (20 salaries)	Unlock ₹25.5 L/yr - ₹60 L/yr 218% more	1 job opening
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Hilti Product Manager Salary 3 - 16 years exp. (18 salaries)	Unlock ₹16.5 L/yr - ₹37 L/yr 125% more
Kirloskar Oil Engines Product Manager Salary 3 - 15 years exp. (17 salaries)	Unlock ₹6.5 L/yr - ₹14.8 L/yr 16% less
Stanley Black & Decker Product Manager Salary 5 - 12 years exp. (5 salaries)	Unlock ₹24.7 L/yr - ₹30 L/yr 104% more
EMERSON PROCESS MANAGEMENT Product Manager Salary 6 - 17 years exp. (4 salaries)	Unlock ₹24 L/yr - ₹40 L/yr 161% more
Flowserve Product Manager Salary 6 - 14 years exp. (4 salaries)	Unlock ₹16.3 L/yr - ₹40 L/yr 80% more
Sany Heavy Industry Product Manager Salary 7 - 15 years exp. (4 salaries)	Unlock ₹8 L/yr - ₹12.5 L/yr 25% less
Atlas Copco Product Manager Salary 3 - 15 years exp. (3 salaries)	Unlock ₹7.9 L/yr - ₹22.3 L/yr 17% more
TÜV SÜD Product Manager Salary 13 - 16 years exp. (3 salaries)	Unlock ₹15 L/yr - ₹27 L/yr 48% more
TechnipFMC Product Manager Salary 6 - 13 years exp. (3 salaries)	Unlock ₹18 L/yr - ₹24.2 L/yr 50% more

Product Manager salary at Thermax Limited ranges between ₹7 Lakhs to ₹19 Lakhs per year for employees with experience between 1 year to 22 years. Salary estimates are based on 16 latest salaries received from various employees of Thermax Limited.

Latest annual salaries shared by Thermax Limited Product Manager

10mo ago

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5 years exp.

1y ago

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16 years exp.

1y ago

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22 years exp.

1y ago

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7 years exp.

1y ago

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19 years exp.

1y ago

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14 years exp.

1y ago

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1 year exp.

1y ago

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14 years exp.

1y ago

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11 years exp.

1y ago

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6 years exp.

Experience wise Thermax Limited Product Manager salaries

Last Updated: 29 Mar 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹7 L/yr - ₹13.9 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹7.5 L/yr - ₹9.5 L/yr
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3 years (AmbitionBox Estimate)	Unlock ₹8 L/yr - ₹10.2 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹8.5 L/yr - ₹10.9 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹7.6 L/yr - ₹11 L/yr
6 years (3 salaries)	Unlock ₹7.8 L/yr - ₹19.1 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹20.1 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹10.6 L/yr - ₹13.5 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹11.1 L/yr - ₹14.2 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹11.6 L/yr - ₹14.9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹9.5 L/yr - ₹24.3 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹10.7 L/yr - ₹25.3 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹13.2 L/yr - ₹16.8 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹10.7 L/yr - ₹18 L/yr
15+ years (4 salaries)	Unlock ₹16 L/yr - ₹19 L/yr

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Similar Designation salaries in Thermax Limited

Project Manager Salary

(154 salaries)

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₹5.84 L/yr - ₹18.3 L/yr

Production Manager Salary

(9 salaries)

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₹11.17 L/yr - ₹15.05 L/yr

Program Manager Salary

(AmbitionBox Estimate)

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₹29.3 L/yr - ₹37.4 L/yr

Group Product Manager Salary

(AmbitionBox Estimate)

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₹17.1 L/yr - ₹21.8 L/yr

Deputy Manager Salary

(158 salaries)

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₹7 L/yr - ₹20.1 L/yr

Scrum Master Salary

(AmbitionBox Estimate)

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₹8.5 L/yr - ₹10.8 L/yr

Senior Project Manager Salary

(5 salaries)

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₹16 L/yr - ₹29.5 L/yr

Associate Product Manager Salary

(AmbitionBox Estimate)

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₹9.5 L/yr - ₹12.1 L/yr

Assistant Product Manager Salary

(3 salaries)

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₹8 L/yr - ₹12.6 L/yr

Business Analyst Salary

(5 salaries)

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₹5 L/yr - ₹8.52 L/yr

Top skills at Thermax Limited for Product Manager

Costing Product Positioning Product Portfolio Product Marketing Sales Support Product Training Analytical skills EPC Product Management Product Development Manufacturing Process Heating New Product Development Competition Mapping Boiler

Salary related reviews for Thermax Limited

2.6

Rated by 2 employees for salary & benefits

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

Executive - Operations And HR in Pune

Full Time

Human Resources Department

3.0

• posted on 03 Jan 2025

2.0

for Salary and Benefits

Likes

Its a big name in the manufacturing industry.

Job security - Good

+1 more

Dislikes

...itious may not get recognition and better Job role opportunities within Thermax. Promotion reflects only on Salary and grade part bot there is no job enrichment.

Salary - Poor

+3 more

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.

Salary - Good

+2 more

Dislikes

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

Promotions - Poor

+3 more

Shift Incharge Engineer in Kolkata

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 16 Oct 2024

2.0

for Salary and Benefits

Likes

Safety culture is the thing I like the most. I have learnt more about safety as shift incharge which is the good thing in the thermax

Skill development - Good

+1 more

Dislikes

The corruption in thermax is the thing I hate it. Like, during bonus, I have get about Rs 20000 on paper but i received only Rs 10085 as a bonus. The Rs 10000 I not received yet. Pls Help me to get my due bonus amount

Salary - Poor

+2 more

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Thermax Limited Product Manager Salary FAQs

What is the salary of Product Manager at Thermax Limited?

Product Manager salary at Thermax Limited in India ranges between ₹7.0 Lakhs to ₹19.0 Lakhs for experience between 1 years to 22 years. According to our estimates it is 36% less than the average Product Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Thermax Limited India.

How does the salary of a Product Manager at Thermax Limited India compare with the average salary range for this job?

The average salary of a Product Manager at Thermax Limited is 36% less than the average salary of a Product Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Product Manager at Thermax Limited?

Costing, Product Positioning, Product Portfolio, Product Marketing and Sales Support are some of the popular skills required to work as a Product Manager at Thermax Limited India.

Which similar companies are paying more than Thermax Limited to a Product Manager in India?

John Deere Product Manager Salary - ₹25.5 Lakhs to ₹60.0 Lakhs per year
EMERSON PROCESS MANAGEMENT Product Manager Salary - ₹24.0 Lakhs to ₹40.0 Lakhs per year
Hilti Product Manager Salary - ₹16.5 Lakhs to ₹37.0 Lakhs per year
Stanley Black & Decker Product Manager Salary - ₹24.7 Lakhs to ₹30.0 Lakhs per year
Siemens Product Manager Salary - ₹10.6 Lakhs to ₹40.0 Lakhs per year

What is the salary of a Product Manager in companies similar to Thermax Limited in India?

Blue Star Product Manager Salary - ₹22.3 Lakhs to ₹32.0 Lakhs per year
BHEL Product Manager Salary - ₹17.0 Lakhs to ₹30.0 Lakhs per year
Flowserve Product Manager Salary - ₹16.3 Lakhs to ₹40.0 Lakhs per year
ABB Product Manager Salary - ₹11.6 Lakhs to ₹40.0 Lakhs per year
TechnipFMC Product Manager Salary - ₹18.0 Lakhs to ₹24.2 Lakhs per year

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

The estimated take-home salary of a Product Manager at Thermax Limited ranges between ₹96,393 per month to ₹98,998 per month in India. The take-home salary calculation is based on the average Thermax Limited Product Manager salary in India which ranges between ₹7.0 Lakhs to ₹19.0 Lakhs per year for employees with experience between 1 years to 22 years. Check how did we calculate take home salary?

What is the notice period for Product Manager at Thermax Limited?

According to AmbitionBox, 50% of the Thermax Limited Product Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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Thermax Limited Product Manager Salaries

Thermax Limited Product Manager salary in India ranges between ₹7 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Thermax Limited latest salaries received from various employees of Thermax Limited.