Magneto IT Solutions Software Developer Salaries by 10+ Employees

1 - 3 years exp.

₹3.5 Lakhs - ₹4.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

Software Developer Salary at Magneto IT Solutions ranges between ₹3.5 Lakhs to ₹4.9 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 15 latest salaries received... Read more

47% less than the average Software Developer Salary in IT Services & Consulting Companies for 1 - 3 years of experience

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Last Updated: 17 Jul 2024

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Open Systems International Software Developer Salary 3 - 6 years exp. (6 salaries)	₹4.8 L/yr - ₹11.5 L/yr 80% more
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Magneto IT Solutions Software Developer salaries by

Years of experience	Avg. annual salary
1 year (3 salaries)	₹3.5 L/yr - ₹8.2 L/yr
2 years (9 salaries)	₹3.5 L/yr - ₹4.9 L/yr
Login to view exact salary
3 years (3 salaries)	₹3.5 L/yr - ₹4.8 L/yr

Salary related reviews for Magneto IT Solutions

1.0

Rated by 2 employees for salary & benefits

Software Developer in Pune

Engineering - Software & QA Department

1.0

• posted on 20 Dec 2021

1.0

for Salary and Benefits

Likes

Salary on time. Final option for fresher but avoid if possible

Dislikes

Unprofessional management. Low salary. No benefits. Very long working hours. Sometimes working on weekend also. No job security, they will fire you because manager don't like you even if your performance is good

Salary - Bad

+6 more

Senior Engineer in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 13 Oct 2023

1.0

for Salary and Benefits

Likes

There is nothing to like here.

Dislikes

If you are fresher just don't join here. They pay less no job security at all. Their HR takes WFH whenever she needs but denies WFH to people in need. They don't even a proper internet connection. Look for something else instead of this company.

Salary - Bad

+6 more

Associate in Pune

Full Time

Engineering - Hardware & Networks Department

1.0

• posted on 06 Mar 2024

2.0

for Salary and Benefits

Likes

You can learn some basic things, nothing else.

Dislikes

...operative, you can't trust anyone. A lot of politics happens on the floor. The Management is always behind cutting the salary of employees. Salary is not justified with the work. Regarding the policy they actually have employer centric p If you want appraisal you have to sign a bond again, and this policy they will only disclose at the time of your appraisal. So I think you are getting how they trap people 😅 So if you want to sacrifice your mental peace, family life, and health. Please join this company your wish will be definitely full filled.

Salary - Poor

+5 more

Marketing Executive in Pune

Full Time

Marketing & Communication Department

5.0

• posted on 19 Apr 2024

5.0

for Salary and Benefits

Likes

Working with such excellent company has been an unforgeable experience. There were helpful co-workers who helped me while I was having trouble. Working with amazing team was another wonderful experience.

Salary - Excellent

+6 more

Dislikes

I haven't had any problem as I mentioned I worked with great team

IT Technical Recruiter in Pune

Full Time

Human Resources Department

4.0

• posted on 06 Mar 2025

4.0

for Salary and Benefits

Likes

I have been working with this company for the last 2 Years as an IT Technical Recruiter. It has been a good work culture and a supportive team. Regarding skills development, I have learned a lot from the company.

Salary - Good

+6 more

Dislikes

No as of now

see more salary related reviews

Magneto IT Solutions Software Developer Salary FAQs

What is the salary of Software Developer at Magneto IT Solutions ?

The average salary of a Software Developer at Magneto IT Solutions in India typically ranges from ₹3.5 Lakhs to ₹4.9 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Software Developer at Magneto IT Solutions earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.9 Lakhs per year. Software Developer Salaries at Magneto IT Solutions 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 10+ Magneto IT Solutions employees in India.

What is the estimated take home salary of a Software Developer at Magneto IT Solutions in India?

The estimated take-home salary of a Software Developer at Magneto IT Solutions in India typically ranges from ₹33,476 to ₹34,739 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.9 Lakhs per year for employees with experience ranging from 1 year to 3 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 10+ salaries received from various employees of Magneto IT Solutions. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Software Developer at Magneto IT Solutions ?

To be a Software Developer at Magneto IT Solutions in india, the key skills required include:

- Javascript
- Swift
- PHP
- Java
- Objective C

These skills are highly valued at Magneto IT Solutions and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Magneto IT Solutions for Software Developer in India?

CGS	₹5.5 Lakhs to ₹14.9 Lakhs per year
Pilog	₹4.2 Lakhs to ₹22.0 Lakhs per year
Liferay	₹7.0 Lakhs to ₹10.0 Lakhs per year
Primus Global Technologies	₹4.1 Lakhs to ₹12.0 Lakhs per year
StraViso	₹4.2 Lakhs to ₹11.0 Lakhs per year

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

What is the salary of a Software Developer in companies similar to Magneto IT Solutions in India?

The salary of a Software Developer at companies similar to Magneto IT Solutions in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Open Systems International	₹4.8 Lakhs to ₹11.5 Lakhs per year
InfoDesk	₹5.0 Lakhs to ₹7.9 Lakhs per year
Commerce Pundit	₹3.4 Lakhs to ₹9.0 Lakhs per year
Findability Sciences	₹3.8 Lakhs to ₹7.1 Lakhs per year
Fidel Softech	₹2.0 Lakhs to ₹7.5 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 Software Developer at Magneto IT Solutions in India?

The salary growth for a Software Developer at Magneto IT Solutions depends on factors such as experience, performance, and promotions. On average, a Software Developer can expect the following growth trajectory at Magneto IT Solutions:

Experience	Average Salary Range
1 year	₹3.5 Lakhs to ₹8.2 Lakhs per year
2 years	₹3.5 Lakhs to ₹4.9 Lakhs per year
3 years	₹3.5 Lakhs to ₹4.8 Lakhs per year

and so on.

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Magneto IT Solutions Software Developer Salaries

Magneto IT Solutions Software Developer salary in India ranges between ₹3.5 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Magneto IT Solutions latest salaries received from various employees of Magneto IT Solutions.