Thermax Limited Pune Research Associate Salaries by 10+ Employees (Updated 2025)

4 - 8 years exp.

₹3.2 Lakhs - ₹7.6 Lakhs

Salary of majority employees

50% more than the average Research Associate Salary in Industrial Machinery Companies for 4 - 8 years of experience

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Last Updated: 3 Jan 2025

Companies similar to Thermax Limited for Research Associate in Pune

Thermax Limited Research Associate Salary

4 - 8 years exp. (11 salaries)

₹3.2 L/yr - ₹7.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Lupin Research Associate Salary 1 - 10 years exp. (728 salaries)	₹2 L/yr - ₹8 L/yr 24% less	3 job openings
Markets and Markets Research Associate Salary 0 - 3 years exp. (102 salaries)	₹3.5 L/yr - ₹6.5 L/yr 26% less
Login to view exact salary
Grand View Research Research Associate Salary 0 - 4 years exp. (77 salaries)	₹4 L/yr - ₹6.6 L/yr 25% less
Enzene Biosciences Research Associate Salary 1 - 4 years exp. (53 salaries)	₹1.6 L/yr - ₹7.7 L/yr 32% less
Global Market Insights Research Associate Salary 0 - 2 years exp. (46 salaries)	₹3.9 L/yr - ₹6.5 L/yr 23% less

Research Associate salary at Thermax Limited ranges between ₹3.2 Lakhs to ₹7.6 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 11 latest salaries received from various employees of Thermax Limited.

Experience wise Thermax Limited Research Associate salaries in Pune

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
4 years (3 salaries)	₹3.2 L/yr - ₹6.4 L/yr
5 years (3 salaries)	₹3.2 L/yr - ₹7.1 L/yr
Login to view exact salary
6 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹13.4 L/yr
8 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹14.5 L/yr

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Senior Engineer Salary

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Lead Engineer Salary

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Salary related reviews for Thermax Limited

3.0

Rated by 1 employees for salary & benefits

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

see more salary related reviews

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Thermax Limited Research Associate Salary FAQs

What is the salary of Research Associate at Thermax Limited in Pune?

The average salary of a Research Associate at Thermax Limited in Pune typically ranges from ₹3.2 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Research Associate in Pune at Thermax Limited earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹7.6 Lakhs per year. Research Associate 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 Research Associate at Thermax Limited in Pune?

The estimated take-home salary of a Research Associate at Thermax Limited in Pune typically ranges from ₹53,169 to ₹54,492 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 4 years to 8 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.

What is the salary of a Research Associate in companies similar to Thermax Limited in Pune?

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

Global Market Insights	₹3.9 Lakhs to ₹6.5 Lakhs per year
Lupin	₹2.0 Lakhs to ₹8.0 Lakhs per year
Grand View Research	₹4.0 Lakhs to ₹6.6 Lakhs per year
Markets and Markets	₹3.5 Lakhs to ₹6.5 Lakhs per year
Enzene Biosciences	₹1.6 Lakhs to ₹7.7 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 Research Associate at Thermax Limited in Pune?

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

Experience	Average Salary Range
4 years	₹3.2 Lakhs to ₹6.4 Lakhs per year
5 years	₹3.2 Lakhs to ₹7.1 Lakhs per year
6 years	₹5.2 Lakhs to ₹7.5 Lakhs per year
7 years	₹4.7 Lakhs to ₹13.4 Lakhs per year

and so on.

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Thermax Limited Research Associate Salaries in Pune

Thermax Limited Research Associate salary in Pune ranges between ₹3.2 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Thermax Limited latest salaries received from various employees of Thermax Limited.