Ultra Corpotech Product Development Engineer Salaries by 4 Employees

3 - 9 years exp.

₹6.4 Lakhs - ₹8.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

12% less than the average Product Development Engineer Salary in Industrial Machinery Companies for 3 - 9 years of experience

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Last Updated: 30 Nov 2024

Companies similar to Ultra Corpotech for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Grundfos Pumps Product Development Engineer Salary 7 - 9 years exp. (6 salaries)	₹13.9 L/yr - ₹20 L/yr 130% more
Pentair Water India Product Development Engineer Salary 0 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹4.5 L/yr 53% less
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Tecumseh Products Product Development Engineer Salary 0 - 1 year exp. (3 salaries)	₹1.8 L/yr - ₹6.7 L/yr 34% less
Phenom Product Development Engineer Salary 1 - 4 years exp. (200 salaries)	₹6 L/yr - ₹21.4 L/yr 71% more	6 job openings
Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (194 salaries)	₹5.1 L/yr - ₹9.5 L/yr 4% less

Product Development Engineer salary at Ultra Corpotech ranges between ₹6.4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Ultra Corpotech.

Experience wise Ultra Corpotech Product Development Engineer salaries

Last Updated: 30 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
7 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
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8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
9 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

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Salary related reviews for Ultra Corpotech

1.0

Rated by 1 employees for salary & benefits

Production Engineer in Pune

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 27 Oct 2024

5.0

for Salary and Benefits

Likes

The best thing I like about ultra is that the growth of anything does not stop here, be it skill development, discipline environment development, safety, also increase working position and salary 😊

Salary - Excellent

+6 more

Dislikes

...Encourage new 2.technology learning 3.Training to newcomers 4.Team engagement 5.Unfair Pay 6.Poor communication 7.Direct meetings to employes with there managers 8.Under-appreciation 9.Micromanagement

Department Manager in Pune

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 31 Dec 2024

2.0

for Salary and Benefits

Likes

1. Visionary owner and most of the project are having life changing potentials, 2. company is growing day by day in Chakan MIDC cluster. 3. One of the state of the art facility in Chakan/Bhosari MIDC. 4. Project based company 5. Medical coverage and other ESIC policies are good.

Job security - Good

+2 more

Dislikes

1. Salary hike is depend on the whole ultra plant performances that means if any plant underperforms that will ultimately reflect at the time of appraisals, 2. performance allowance deduction every month 3. transportation charges deducted from employees take home salaries 4. No fixed salary date (who will be responsible for EMI bounces - it does not affect on high paying employees but most of the people seriously affects due to delay) 5. Some of closed to management employees treated differently. 6. huge internal politics (i know it happens in every company)

Salary - Poor

+1 more

Assistant Manager in Bhosari And Chakan

Full Time

Procurement & Supply Chain Department

5.0

• posted on 09 May 2023

5.0

for Salary and Benefits

Likes

It's a great company with good work culture.Everyone has a freedom of work and the owner has a great vision.

Salary - Excellent

+5 more

Dislikes

Only top level mangement is benefitted more..Hr should groom juniors and give more salary hike to them.

Data Entry Operator in Eg.pcmc

Full Time

Data Science & Analytics Department

3.0

• posted on 11 Mar 2022

5.0

for Salary and Benefits

Likes

...nvironment and There was a lot to learn, Company police are good appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+1 more

Dislikes

There is lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.

Promotions - Bad

+1 more

Environmental Health And Safety Officer in Pune

Full Time

Environment Health & Safety Department

5.0

• posted on 22 Feb 2025

5.0

for Salary and Benefits

Likes

Company is good for EHS professionals, Company having over all activity fabrication shop, machine shop, lasor cutting, and more activity for learn Canteen facility good , Salary on time , Good company culture

Salary - Excellent

+6 more

Dislikes

Nothing any dislike

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Ultra Corpotech Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Ultra Corpotech ?

The average salary of a Product Development Engineer at Ultra Corpotech in India typically ranges from ₹6.4 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 3 years to 9 years).

The top 10% of Product Development Engineer at Ultra Corpotech earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Product Development Engineer Salaries at Ultra Corpotech 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 4 Ultra Corpotech employees in India.

What is the estimated take home salary of a Product Development Engineer at Ultra Corpotech in India?

The estimated take-home salary of a Product Development Engineer at Ultra Corpotech in India typically ranges from ₹53,099 to ₹54,421 per month. This is based on the average salary range of ₹6.4 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 3 years to 9 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 4 salaries received from various employees of Ultra Corpotech. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Ultra Corpotech for Product Development Engineer in India?

Grundfos Pumps	₹13.9 Lakhs to ₹20.0 Lakhs per year
Phenom	₹6.0 Lakhs to ₹21.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Ultra Corpotech, depending on the role and experience level.

What is the salary of a Product Development Engineer in companies similar to Ultra Corpotech in India?

The salary of a Product Development Engineer at companies similar to Ultra Corpotech in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Comviva Technology	₹5.1 Lakhs to ₹9.5 Lakhs per year
Tecumseh Products	₹1.8 Lakhs to ₹6.7 Lakhs per year
Pentair Water India	₹1.5 Lakhs to ₹4.5 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 Product Development Engineer at Ultra Corpotech in India?

The salary growth for a Product Development Engineer at Ultra Corpotech depends on factors such as experience, performance, and promotions. On average, a Product Development Engineer can expect the following growth trajectory at Ultra Corpotech:

Experience	Average Salary Range
3 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
7 years	₹6.5 Lakhs to ₹8.3 Lakhs per year
8 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
9 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Ultra Corpotech Product Development Engineer Salaries

Ultra Corpotech Product Development Engineer salary in India ranges between ₹6.4 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Ultra Corpotech latest salaries received from various employees of Ultra Corpotech.