V-Guard Industries new Product Development Engineer Salaries by 4 Employees (Updated 2025)

8 - 11 years exp.

₹10.5 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

183% more than the average new Product Development Engineer Salary in Consumer Electronics & Appliances Companies for 8 - 11 years of experience

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Last Updated: 10 Mar 2025

Companies similar to V-Guard Industries for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Whirlpool new Product Development Engineer Salary 1 - 6 years exp. (9 salaries)	₹2 L/yr - ₹7.8 L/yr 60% less
PG Electroplast new Product Development Engineer Salary 1 - 6 years exp. (6 salaries)	₹2 L/yr - ₹5.4 L/yr 69% less
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Transsion new Product Development Engineer Salary 2 - 6 years exp. (5 salaries)	₹3.4 L/yr - ₹4.2 L/yr 68% less
IFB new Product Development Engineer Salary 5 - 10 years exp. (4 salaries)	₹5.5 L/yr - ₹7.8 L/yr 45% less
LG Electronics new Product Development Engineer Salary 3 - 5 years exp. (4 salaries)	₹7.2 L/yr - ₹15.8 L/yr 8% less
Bajaj Electricals new Product Development Engineer Salary 8 - 10 years exp. (3 salaries)	₹12.1 L/yr - ₹13.6 L/yr 10% more

new Product Development Engineer salary at V-Guard Industries ranges between ₹10.5 Lakhs to ₹12 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of V-Guard Industries.

Experience wise V-Guard Industries new Product Development Engineer salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹19.9 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹12 L/yr
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10 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹21.5 L/yr

Similar Designation salaries in V-Guard Industries

Product Development Engineer Salary

(7 salaries)

₹3.5 L/yr - ₹9 L/yr

Development Engineer Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Production Engineer Salary

(36 salaries)

₹2.05 L/yr - ₹7.4 L/yr

Senior Design Engineer Salary

(9 salaries)

₹7.8 L/yr - ₹12 L/yr

Project Engineer Salary

(5 salaries)

₹4 L/yr - ₹12 L/yr

Senior Software Engineer Salary

(3 salaries)

₹8.5 L/yr - ₹13 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 L/yr

Assistant Engineer Salary

(46 salaries)

₹1.2 L/yr - ₹5.35 L/yr

Production Manager Salary

(9 salaries)

₹12 L/yr - ₹22.44 L/yr

Design Engineer Salary

(27 salaries)

₹2.5 L/yr - ₹8.6 L/yr

Salary related reviews for V-Guard Industries

4.0

Rated by 1 employees for salary & benefits

Deputy Manager in Kochi

Full Time

Other Department

1.0

• posted on 18 Dec 2024

1.0

for Salary and Benefits

Likes

Only thing I like is no late working. Other than that there is nothing good here.

Dislikes

Lots of politics. No recognition. Very rate promotion. They deduct 15% as variable pay but never pay. Annual Salary hike only in single digits below 7%. Promotion is a dream. There are people working for 15 years without promotion. Only local people stay here as there is no career growth. They don't upgrade to use new technology but ver happy to face issues and continue to use very old methodology. If you don't co-op, you will for sure get mentally disturbed.

Salary - Bad

+6 more

Deputy Manager in Patna

Full Time

Marketing Department

5.0

• posted on 28 Oct 2022

4.0

for Salary and Benefits

Likes

V-guard company is vey good I have always enjoyed working in this company and everyone is supportive. All the products of v-guard are good and the retailer is also happy to sell these products because the product quality is well made.

Salary - Good

+5 more

Dislikes

... for paying the asked salary for people who are recruited from other companies. CTC is a mith, variable pay is included in the CTC so that no one will receive the full amount of variable pay. Employees working on similar projects will be having different pay level which even cannot be compared HR is good for nothing.

Deputy Manager in Ahmedabad

EMD Department

5.0

• posted on 26 Apr 2022

5.0

for Salary and Benefits

Likes

Welcomes and encouraging the suggestions and concerns from each level of Employees

Salary - Excellent

+6 more

Dislikes

Facing difficulty to increase / revise the salary of old staff above a normal limit. But no limitation to fix salary for newly hiring one.

Regional EHS Manager in Roorkee

Full Time

Environment Health & Safety Department

1.0

• posted on 01 Apr 2025

1.0

for Salary and Benefits

Likes

Nothing Just Salary on Time

Job security - Excellent

+1 more

Dislikes

There is a gap of more than 1.5 year between my joining and the previous safety manager and I too left the organisation in 6 months. There are lot of dislikes 1. Zero employee benifits. 2. No openness to work 3. Policy varies from person to person. 4 There is no actual path for organization, no one takes the responsibility. 5. If u r 1 min late then u need to apply leave. Don't go on the rating as this company is kerla based and all the top rating which is given are from south employee

Salary - Bad

+4 more

Assistant Manager in Kochi

Full Time

Research & Development Department

5.0

• posted on 23 Dec 2024

3.0

for Salary and Benefits

Likes

Work-life balance is perfect. The company culture is good. Knowledge gaining is good. Can learn more and more things. There is a high opportunity here.

Skill development - Good

+4 more

Dislikes

Growth in this company is too slow. Moving to the next level is negligible. Remuneration or salary paid too low, in terms of experience. Increments are poor.

Promotions - Poor

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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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V-Guard Industries new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at V-Guard Industries ?

The average salary of a new Product Development Engineer at V-Guard Industries in India typically ranges from ₹10.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 8 years to 11 years).

The top 10% of new Product Development Engineer at V-Guard Industries earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. new Product Development Engineer Salaries at V-Guard Industries 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 V-Guard Industries employees in India.

What is the estimated take home salary of a new Product Development Engineer at V-Guard Industries in India?

The estimated take-home salary of a new Product Development Engineer at V-Guard Industries in India typically ranges from ₹82,045 to ₹84,186 per month. This is based on the average salary range of ₹10.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 8 years to 11 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 V-Guard Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than V-Guard Industries for new Product Development Engineer in India?

Bajaj Electricals

₹12.1 Lakhs to ₹13.6 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to V-Guard Industries in India?

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

LG Electronics	₹7.2 Lakhs to ₹15.8 Lakhs per year
IFB	₹5.5 Lakhs to ₹7.8 Lakhs per year
Whirlpool	₹2.0 Lakhs to ₹7.8 Lakhs per year
Transsion	₹3.4 Lakhs to ₹4.2 Lakhs per year
PG Electroplast	₹2.0 Lakhs to ₹5.4 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 new Product Development Engineer at V-Guard Industries in India?

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

Experience	Average Salary Range
8 years	₹10.5 Lakhs to ₹19.9 Lakhs per year
9 years	₹4.5 Lakhs to ₹12.0 Lakhs per year
10 years	₹4.7 Lakhs to ₹12.0 Lakhs per year
11 years	₹11.5 Lakhs to ₹21.5 Lakhs per year

and so on.

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V-Guard Industries new Product Development Engineer Salaries

V-Guard Industries new Product Development Engineer salary in India ranges between ₹10.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 V-Guard Industries latest salaries received from various employees of V-Guard Industries.