Thermax Limited R&D Engineer Salaries by 3 Employees (Updated 2025)

1 - 4 years exp.

₹2.1 Lakhs - ₹7.1 Lakhs

Low Confidence

Salary of majority employees

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54% less than the average R&D Engineer Salary in Industrial Machinery Companies for 1 - 4 years of experience

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Salaries in different departments

Quality Assurance R&D Engineer Salary 3 years exp. (AmbitionBox Estimate)	Unlock ₹1.8 L/yr - ₹2.3 L/yr
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Consulting R&D Engineer Salary 1 year exp. (AmbitionBox Estimate)	Unlock ₹6.3 L/yr - ₹7.8 L/yr

Last Updated: 16 Mar 2023

Companies similar to Thermax Limited for R&D Engineer

Company name	Avg Annual Salary	Open Jobs
Kirloskar Brothers R&D Engineer Salary 1 - 3 years exp. (3 salaries)	Unlock ₹2.7 L/yr - ₹3.5 L/yr 31% less
BHEL R&D Engineer Salary 1 - 3 years exp. (3 salaries)	Unlock ₹1.4 L/yr - ₹1.7 L/yr 66% less
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Siemens R&D Engineer Salary 0 - 8 years exp. (21 salaries)	Unlock ₹5 L/yr - ₹19.6 L/yr 164% more
Larsen & Toubro Limited R&D Engineer Salary 0 - 2 years exp. (6 salaries)	Unlock ₹2 L/yr - ₹6 L/yr 29% less
Cummins R&D Engineer Salary 3 - 10 years exp. (8 salaries)	Unlock ₹4.5 L/yr - ₹13 L/yr 124% more
ABB R&D Engineer Salary 2 - 9 years exp. (324 salaries)	Unlock ₹6.5 L/yr - ₹22.3 L/yr 234% more	1 job opening
CG Power and Industrial Solutions R&D Engineer Salary 1 - 3 years exp. (8 salaries)	Unlock ₹3.6 L/yr - ₹6.2 L/yr At par
Voltas R&D Engineer Salary 1 - 7 years exp. (8 salaries)	Unlock ₹2 L/yr - ₹5.7 L/yr 22% less
Blue Star R&D Engineer Salary 0 - 7 years exp. (4 salaries)	Unlock ₹1.9 L/yr - ₹4 L/yr 26% less
Lakshmi Machine Works R&D Engineer Salary 0 - 8 years exp. (11 salaries)	Unlock ₹4 L/yr - ₹8 L/yr 27% more
Fuji Electric R&D Engineer Salary 0 - 3 years exp. (11 salaries)	Unlock ₹4.5 L/yr - ₹12.3 L/yr 68% more
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KONE R&D Engineer Salary 1 - 3 years exp. (6 salaries)	Unlock ₹2.7 L/yr - ₹6 L/yr 24% less
Atlas Copco R&D Engineer Salary 4 - 7 years exp. (5 salaries)	Unlock ₹7 L/yr - ₹11 L/yr 96% more
Caterpillar Inc R&D Engineer Salary 0 - 11 years exp. (4 salaries)	Unlock ₹8 L/yr - ₹18 L/yr 196% more
Danfoss Industries R&D Engineer Salary 1 - 10 years exp. (4 salaries)	Unlock ₹1.8 L/yr - ₹19.7 L/yr 144% more
EMERSON PROCESS MANAGEMENT R&D Engineer Salary 3 - 6 years exp. (4 salaries)	Unlock ₹3.6 L/yr - ₹9 L/yr 54% more
Hilti R&D Engineer Salary 2 - 4 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹8 L/yr 48% more
Flowserve R&D Engineer Salary 5 - 6 years exp. (4 salaries)	Unlock ₹3.6 L/yr - ₹4 L/yr 14% less
Epiroc R&D Engineer Salary 1 - 5 years exp. (4 salaries)	Unlock ₹2.4 L/yr - ₹6 L/yr 10% less
Wipro Infrastructure Engineering R&D Engineer Salary 1 - 12 years exp. (4 salaries)	Unlock ₹2.8 L/yr - ₹8 L/yr 1% more

R&D Engineer salary at Thermax Limited ranges between ₹2.1 Lakhs to ₹7.1 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited R&D Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹6.3 L/yr - ₹8.1 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹1.8 L/yr - ₹2.4 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹3.7 L/yr - ₹4.7 L/yr

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Salary related reviews for Thermax Limited

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.

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.

Senior Engineer in Ahmedabad

Project & Program Management Department

4.0

• posted on 12 Apr 2020

3.0

for Salary and Benefits

Likes

Thermax company is very good. If you are permanent employee. But Fix term employee has so many difficulty face in ground level.

Dislikes

The work pressure is very high and compensation is very slow. At work place we have to play somany rool . Like project execution, HR, safety and commercial also.

Job security - Poor

+2 more

Design Engineer in Pune

Research & Development Department

4.0

• posted on 26 Sep 2020

3.0

for Salary and Benefits

Likes

Company has good ambient and most of the employees are satisfied with the work. Learning scope is more in Thermax. HR team is so good, will help you in all the situations. Overall company performance is little down these days due to slack in power sector. Company needs more innovation.But work is in progress.You will enjoy the culture.Company let you learn skills that you need and make you visit to the sites and conferences of your concern departments.My overall experience with Thermax was nice.

Skill development - Good

+5 more

Dislikes

The compensation is bit more dependent on years of experience rather than your passion and expertise in your area. Innovation is not given that much importance, people are used to traditional methods of working.Work pressure is fluctuating and most of the time responsibilities of the post are not defined specifically. Sometimes you have to do the work which is not of your projects.

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

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Thermax Limited R&D Engineer Salary FAQs

What is the notice period for R&D Engineer at Thermax Limited?

According to AmbitionBox, 100% of the Thermax Limited R&D Engineers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Thermax Limited R&D Engineer Salaries

Thermax Limited R&D Engineer salary in India ranges between ₹2.1 Lakhs to ₹7.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Thermax Limited latest salaries received from various employees of Thermax Limited.