Underground Magnetics Salaries by 30+ Employees (Updated 2025)

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Production, Manufacturing & Engineering Finance & Accounting Research & Development Customer Success, Service & Operations + 1 more

Designation	Avg Annual Salary	Open Jobs
Service Engineer 2 - 9 years exp. (6 salaries)	₹3 L/yr - ₹4.8 L/yr	1 job opening
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Production Engineer 4 - 7 years exp. (4 salaries)	₹2.7 L/yr - ₹3.9 L/yr
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Assembly Engineer 5 - 9 years exp. (4 salaries)	₹4.4 L/yr - ₹5.6 L/yr
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Testing Support Engineer 7 - 9 years exp. (3 salaries)	₹4.5 L/yr - ₹5.1 L/yr
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Deputy Manager Finance Accounts 8 - 10 years exp. (3 salaries)	₹5 L/yr - ₹6 L/yr
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Senior Service Engineer 8 - 9 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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Assistant Manager Service 11 - 12 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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Accounts Executive and Audit Assistant 2 - 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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Deputy Accounts and Finance Manager 7 - 12 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Hardware Testing Engineer 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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Telecom Testing Engineer 6 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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Accountant 7 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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Account Assistant 3 years exp. (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.2 L/yr
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Test Engineer 6 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
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Engineer- Customer Support 5 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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Quality Test Engineer 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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Company Secretary 8 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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Senior Production Engineer 9 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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Senior Test Engineer 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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Assembly Technician 8 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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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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Underground Magnetics Salary FAQs

How much does Underground Magnetics pay to its employees?

The average annual salary at Underground Magnetics varies depending on the role, experience, and location. The salary ranges for some popular designations at Underground Magnetics, are as follows:

Service Engineer	₹3 Lakhs to ₹4.8 Lakhs per year
Production Engineer	₹2.7 Lakhs to ₹3.9 Lakhs per year
Assembly Engineer	₹4.4 Lakhs to ₹5.6 Lakhs per year
Testing Support Engineer	₹4.5 Lakhs to ₹5.1 Lakhs per year

The highest-paying role, Service Engineer, earns between ₹3 Lakhs to ₹4.8 Lakhs per year. The top 10% of employees earn more than ₹6 Lakhs per year, and the top 1% earn over ₹10 Lakhs per year. Salaries at Underground Magnetics 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 salary estimates are based on data from 39 salaries submitted by Underground Magnetics employees. Underground Magnetics is rated 3.0 out of 5 stars by its employees on the salary and benefits parameter.

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Underground Magnetics Salaries by Location

Average annual salary in Underground Magnetics is INR . Salary estimates are based on 30+ Underground Magnetics latest salaries received from various employees of Underground Magnetics.