Veloces Engineering and Services Chennai Mechanical Engg. Design Salaries by 4 Employees

0 - 9 years exp.

₹1.8 Lakh - ₹5.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Mechanical Engg. Design Salary for 0 - 9 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Mechanical Engg. Design Salary 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr
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Research & Development Mechanical Engg. Design Salary 0 - 9 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.8 L/yr

Last Updated: 27 Dec 2024

Companies similar to Veloces Engineering and Services for Mechanical Engg. Design in Chennai

Veloces Engineering and Services Mechanical Engg. Design Salary

0 - 9 years exp. (4 salaries)

₹1.8 L/yr - ₹5.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HCLTech Mechanical Engg. Design Salary 1 - 7 years exp. (124 salaries)	₹3 L/yr - ₹9.8 L/yr 60% more
Valeo Mechanical Engg. Design Salary 1 - 7 years exp. (60 salaries)	₹4.3 L/yr - ₹10 L/yr 105% more
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L&T Technology Services Mechanical Engg. Design Salary 2 - 8 years exp. (44 salaries)	₹3.7 L/yr - ₹8.5 L/yr 74% more
TCS Mechanical Engg. Design Salary 2 - 8 years exp. (35 salaries)	₹3.5 L/yr - ₹10.1 L/yr 100% more
KONE Mechanical Engg. Design Salary 1 - 6 years exp. (34 salaries)	₹2.8 L/yr - ₹7.2 L/yr 27% more

Mechanical Engg. Design salary at Veloces Engineering and Services ranges between ₹1.8 Lakh to ₹5.8 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Veloces Engineering and Services.

Experience wise Veloces Engineering and Services Mechanical Engg. Design salaries in Chennai

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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9 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr

Similar Designation salaries in Veloces Engineering and Services

Design Engineer Salary

(5 salaries)

₹2.5 L/yr - ₹4 L/yr

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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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Veloces Engineering and Services Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Veloces Engineering and Services in Chennai?

The average salary of a Mechanical Engg. Design at Veloces Engineering and Services in Chennai typically ranges from ₹1.8 Lakhs to ₹5.8 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Mechanical Engg. Design in Chennai at Veloces Engineering and Services earn more than ₹5.8 Lakhs per year, and the top 1% earn over ₹5.8 Lakhs per year. Mechanical Engg. Design Salaries at Veloces Engineering and Services 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 Veloces Engineering and Services employees in India.

What is the estimated take home salary of a Mechanical Engg. Design at Veloces Engineering and Services in Chennai?

The estimated take-home salary of a Mechanical Engg. Design at Veloces Engineering and Services in Chennai typically ranges from ₹25,916 to ₹27,341 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.8 Lakhs per year for employees with experience ranging from Fresher 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 Veloces Engineering and Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Veloces Engineering and Services for Mechanical Engg. Design in India?

Valeo	₹4.3 Lakhs to ₹10.0 Lakhs per year
TCS	₹3.5 Lakhs to ₹10.1 Lakhs per year
L&T Technology Services	₹3.7 Lakhs to ₹8.5 Lakhs per year
HCLTech	₹3.0 Lakhs to ₹9.8 Lakhs per year
KONE	₹2.8 Lakhs to ₹7.2 Lakhs per year

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

How the salary growth look like for a Mechanical Engg. Design at Veloces Engineering and Services in Chennai?

The salary growth for a Mechanical Engg. Design at Veloces Engineering and Services in Chennai depends on factors such as experience, performance, and promotions. On average, a Mechanical Engg. Design in Chennai can expect the following growth trajectory at Veloces Engineering and Services:

Experience	Average Salary Range
Fresher	₹1.6 Lakhs to ₹2.1 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
9 years	₹5.2 Lakhs to ₹6.7 Lakhs per year

and so on.

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Veloces Engineering and Services Mechanical Engg. Design Salaries in Chennai

Veloces Engineering and Services Mechanical Engg. Design salary in Chennai ranges between ₹1.8 Lakh to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Veloces Engineering and Services latest salaries received from various employees of Veloces Engineering and Services.