Versa Drives Procurement Executive Salaries by 5 Employees

1 - 5 years exp.

₹2.1 Lakhs - ₹2.6 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Procurement Executive Salary in Electronics Manufacturing Companies for 1 - 5 years of experience

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Salaries in different departments

Engineering - Hardware & Networks Procurement Executive Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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Procurement & Supply Chain Procurement Executive Salary 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 6 Dec 2023

Companies similar to Versa Drives for Procurement Executive

Company name	Avg Annual Salary	Open Jobs
Mahindra & Mahindra Procurement Executive Salary 4 - 8 years exp. (7 salaries)	₹2.9 L/yr - ₹3.8 L/yr 41% more
Tata Motors Procurement Executive Salary 1 - 6 years exp. (18 salaries)	₹1.5 L/yr - ₹8 L/yr 86% more
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Ashok Leyland Procurement Executive Salary 2 - 3 years exp. (6 salaries)	₹3 L/yr - ₹3.5 L/yr 44% more
Bosch Procurement Executive Salary 0 - 5 years exp. (26 salaries)	₹2 L/yr - ₹3.5 L/yr 27% more
Siemens Procurement Executive Salary 1 - 4 years exp. (8 salaries)	₹1.9 L/yr - ₹7 L/yr 75% more
Honeywell Automation Procurement Executive Salary 3 years exp. (9 salaries)	₹7.9 L/yr - ₹10 L/yr 303% more
ABB Procurement Executive Salary 1 - 12 years exp. (4 salaries)	₹3 L/yr - ₹9.9 L/yr 171% more
Schneider Electric Procurement Executive Salary 1 - 6 years exp. (34 salaries)	₹2.4 L/yr - ₹8 L/yr 132% more
Kirloskar Electric Company Procurement Executive Salary 3 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹4 L/yr 29% more
Signals & Systems (India) Private Limited Procurement Executive Salary 0 - 2 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 46% more
Pyrotech Electronics Procurement Executive Salary 2 - 4 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 71% more
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Procurement Executive salary at Versa Drives ranges between ₹2.1 Lakhs to ₹2.6 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Versa Drives.

Experience wise Versa Drives Procurement Executive salaries

Last Updated: 6 Dec 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.6 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹2 L/yr

Similar Designation salaries in Versa Drives

Store Executive Salary

(5 salaries)

₹2 L/yr - ₹3.28 L/yr

Purchase Executive Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Senior Purchase Executive Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Store Incharge Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Senior Engineer Salary

(3 salaries)

₹1 L/yr - ₹5.5 L/yr

Salary related reviews for Versa Drives

Sales Executive in Coimbatore

Full Time

Sales & Business Development Department

5.0

• posted on 14 Sep 2024

5.0

for Salary and Benefits

Likes

As per my opinion Versa Drive is very good company they are continuously doing new invention. They will benefited there customer by saving money in their electricity bill. You can make implementation of your idia over here. You get a great support from company. Timely Payment of employees is another good thing for employees they can feel goodness of this thing. The company is focused on eco-friendly products which will help to make invirment good and many more good things about Versa Drives.

Salary - Excellent

+6 more

Dislikes

I found nothing which I will dislike

Engineer in Coimbatore

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 14 Sep 2024

2.0

for Salary and Benefits

Likes

The environment and its natural maintanence. Peers are kind and friendly. Management is polite and friendly.

Dislikes

-Strict working hours 9am -6pm. -N -No work life balance -All Saturdays working day -Even some holidays are compensated with the forth coming sundays -No paid medical leave benefits during emergency situations

Salary - Poor

+2 more

Showroom Incharge in Coimbatore

Full Time

Sales & Business Development Department

5.0

• posted on 14 Sep 2024

4.0

for Salary and Benefits

Likes

Here the company and the management is so kindly.They helping employee to became knowledgeable.They asking more comment from Employee and executing the Same.Be patiently management Teaching with Excellent ideas. Management Understanding the Employees needs and they helping us.

Salary - Good

+6 more

Dislikes

Need to more focus on our brands giving good output

Front End Developer in Coimbatore

Full Time

Engineering - Software & QA Department

5.0

• posted on 14 Sep 2024

5.0

for Salary and Benefits

Likes

Thanks to giving great opportunity to drive in VDPL family in my life. Thank alots more. I didn't forget this in my life. Always positive attitude and encouragement, I feel really so happy to working with versa drives till now. Friends don't miss the opportunity.....

Salary - Excellent

+6 more

Dislikes

Nil

Technical Content Writer in Coimbatore

Design and Development Department

5.0

• posted on 09 Jun 2022

4.0

for Salary and Benefits

Likes

The company has a work culture where the employees emotions are valued. Besides having an environment where people work amicable through innovation and design, their personal requirements are also considered. Employees have a job security and hence can function without any insecurities or fear of suddenly losing their job without prior notice. Management is friendly rather than being bossy. Due to this, we as employees have the freedom to communicate regarding any issues or discomfort we experience. The company policies are also good and favorable to employees.

Salary - Good

+6 more

Dislikes

The only drawback could be that there is no proper means for travel to the company in case you do not have your personal vehicle.

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Versa Drives Procurement Executive Salary FAQs

What is the salary of Procurement Executive at Versa Drives ?

The average salary of a Procurement Executive at Versa Drives in India typically ranges from ₹2.1 Lakhs to ₹2.6 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Procurement Executive at Versa Drives earn more than ₹2.6 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Procurement Executive Salaries at Versa Drives 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 5 Versa Drives employees in India.

What is the estimated take home salary of a Procurement Executive at Versa Drives in India?

The estimated take-home salary of a Procurement Executive at Versa Drives in India typically ranges from ₹15,540 to ₹17,154 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹2.6 Lakhs per year for employees with experience ranging from 1 year to 5 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 5 salaries received from various employees of Versa Drives. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Versa Drives for Procurement Executive in India?

Honeywell Automation	₹7.9 Lakhs to ₹10.0 Lakhs per year
ABB	₹3.0 Lakhs to ₹9.9 Lakhs per year
Schneider Electric	₹2.4 Lakhs to ₹8.0 Lakhs per year
Tata Motors	₹1.5 Lakhs to ₹8.0 Lakhs per year
Siemens	₹1.9 Lakhs to ₹7.0 Lakhs per year

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

What is the salary of a Procurement Executive in companies similar to Versa Drives in India?

The salary of a Procurement Executive at companies similar to Versa Drives in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Pyrotech Electronics	₹3.5 Lakhs to ₹4.5 Lakhs per year
Signals & Systems (India) Private Limited	₹3.0 Lakhs to ₹3.8 Lakhs per year
Ashok Leyland	₹3.0 Lakhs to ₹3.5 Lakhs per year
Mahindra & Mahindra	₹2.9 Lakhs to ₹3.8 Lakhs per year
Kirloskar Electric Company	₹1.8 Lakhs to ₹4.0 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 Procurement Executive at Versa Drives in India?

The salary growth for a Procurement Executive at Versa Drives depends on factors such as experience, performance, and promotions. On average, a Procurement Executive can expect the following growth trajectory at Versa Drives:

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹4.5 Lakhs per year
2 years	₹0.9 Lakhs to ₹2.6 Lakhs per year
3 years	₹2.0 Lakhs to ₹4.0 Lakhs per year
4 years	₹2.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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Versa Drives Procurement Executive Salaries

Versa Drives Procurement Executive salary in India ranges between ₹2.1 Lakhs to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Versa Drives latest salaries received from various employees of Versa Drives.