Product Manager Salary in India 2026: Complete Guide

Jaro Education
11, November 2025
4:00 pm

If you have thought, “Is product management a rewarding career in India?”, the answer is definitely yes. With the growth of digital platforms, e-commerce, fintech, and SaaS companies, Product Managers rank among the top careers today. In fact, the product manager salary in India is equally fulfilling when compared to the scope of responsibilities that come with this job title. Let’s see how.

A Product Manager oversees the entire lifecycle of digital products, creating customer-centric experiences (such as mobile payment systems) while leading cross-functional teams, including engineering and marketing. Their primary goal is to ensure the product achieves a strong product-market fit, particularly for SMEs using SaaS solutions.

If you’re curious about the product manager salary in India, this blog is for you. We’ll break down salaries based on experience, roles, and different departments. Stay with us till the end to get all the real insights.

Product Manager Salary in India

When we talk about the average salary of a product manager in India, it’s important to note that salary can vary widely. Factors such as level of responsibility, type of role, company, and location all play a significant role in determining the salary.

Product Manager Salary by Role

*upgrad.com

As you advance in this field, you naturally become more experienced in your role, and that experience can really impact your salary. Let’s take a look at how a product manager salary in India varies based on different roles and responsibilities. It’s a great reminder that the more you grow and take on challenges, the more your efforts are recognised in your pay cheque.

Role	Average Annual Salary Range	Key Responsibilities
Assistant/Associate Product Manager (APM)	₹6 – ₹12 LPA	Market research, competitor analysis, documentation, and coordination
Product Manager (PM)	₹12 – ₹25 LPA	Own product features, roadmap planning, and collaborate with cross-functional teams
Senior Product Manager	₹25 – ₹40 LPA	Strategic initiatives, lifecycle management, mentor juniors
Lead/Principal Product Manager	₹35 – ₹60 LPA	Define product vision, oversee large-scale planning, and lead cross-functional teams
Director/VP/CPO	₹50 Lakhs – ₹1 Crore+	Company-wide strategy, manage the entire product org

Top-Paying Companies for Product Managers in India

In India, several tech giants, such as Amazon and Google, offer competitive salaries for product managers. In fact, companies in sectors like e-commerce and fintech are also willing to provide attractive compensation packages for their products and services.

Company	Avg. Annual Salary	Salary Range
Paytm	₹24.3 LPA	₹19 – ₹34 LPA
Accenture	₹26.5 LPA	₹19.9 – ₹35 LPA
Publicis Sapient	₹24.1 LPA	₹19 – ₹32.3 LPA
ICICI Bank	₹17.1 LPA	₹12.8 – ₹23 LPA
IDFC First Bank	₹20.6 LPA	₹15.4 – ₹27 LPA
Axis Bank	₹15.7 LPA	₹11.9 – ₹21 LPA
Jio Platforms	₹23 LPA	₹17.3 – ₹30.9 LPA
HDFC Bank	₹13.4 LPA	₹10 – ₹18 LPA
TCS	₹15.5 LPA	₹10.8 – ₹19.9 LPA

Table Reference: Ambition and Glassdoor

Salary By Experience

Here’s a quick snapshot of the product manager salary in India based on their experience. This salary trend shows how experience strongly influences the average salary of product managers in India.

Experience	Avg. Annual Salary
2 years	₹5.5 L/yr – ₹29 L/yr
3 years	₹6 L/yr – ₹31.7 L/yr
4 years	₹6.8 L/yr – ₹35 L/yr
5 years	₹7 L/yr – ₹37.9 L/yr
6 years	₹7 L/yr – ₹40 L/yr
7 years	₹7.2 L/yr – ₹40 L/yr
8 years	₹7.5 L/yr – ₹43.5 L/yr
9 years	₹7.8 L/yr – ₹42.8 L/yr

Table Reference: Ambition and Glassdoor

Salary By Department

Department	Avg. annual salary
Product Management	₹6.9 L/yr – ₹40 L/yr
Marketing & Communication	₹7 L/yr – ₹40 L/yr
Data Science & Analytics	₹7 L/yr – ₹40 L/yr
Project & Program Management	₹7 L/yr – ₹40 L/yr

Salary by Location in India

The city you live and work in also impacts the product manager’s salary in India. For Example, in major tech hubs like Bangalore, Hyderabad, and Gurgaon, the salaries tend to be higher, as the cost of living and other expenses are also increased

Location	Avg. Annual Salary
Bangalore / Bengaluru	₹8.8 L/yr – ₹42 L/yr
Mumbai	₹6.3 L/yr – ₹31 L/yr
Gurgaon / Gurugram	₹8.5 L/yr – ₹38 L/yr
New Delhi	₹6 L/yr – ₹34 L/yr
Hyderabad / Secunderabad	₹6.5 L/yr – ₹38.5 L/yr
Pune	₹6.9 L/yr – ₹36.8 L/yr
Noida	₹6.6 L/yr – ₹35 L/yr
Chennai	₹6 L/yr – ₹33 L/yr
Ahmedabad	₹5.9 L/yr – ₹27 L/yr
Navi Mumbai	₹5.7 L/yr – ₹28.6 L/yr

How to Increase Your Product Manager Salary?

*upgrad.com

When it comes to increasing a product manager’s salary, it requires strategic skills, experience, and, of course, cross-functional expertise. For those new to this sector who aim to switch to a higher level, or senior employees, it is essential to align their knowledge to help them integrate product development with market needs and efficiently manage stakeholder expectations.

Here are some essential skills required to become a highly paid product manager in India:

Earn relevant certifications: If you have an online certification in the same field, it shows your expertise in agile frameworks and product strategies. Such credentials also boost your credibility and bring opportunities for multiple higher-paying roles.
Gain proficiency in data analytics: Having a thorough understanding of the latest tools like Google Analytics, Tableau, Power BI and SQL can help you make data-driven decisions.
Develop technical knowledge: Understanding of APIs and software development lifecycle ensures that you can collaborate with team members and meet business goals effectively.
Build a Network With Industry Leaders: Make sure to keep your professional network strong and attend online workshops, seminars, and product management conferences. This also helps you to keep yourself updated with recent industry trends and connect you with senior professionals.

Final Thoughts

In 2026, the product manager’s salary in India reflects both the growing demand and the strategic importance of this role. Whether you’re starting as an associate or aiming for a senior position, continuous skill development, certifications, and industry networking can help you unlock higher salaries and long-term career growth.

Also, if you want to enhance your product manager career, you can enrol in an online certification programme available at Jaro Education. We are India’s renowned online higher education and upskilling company that bridges the gap between online education in India and students. Whether you’re a fresh graduate or a working professional, with our industry-standard online degree courses and programmes, you can boost your career success. Please visit our website to explore the latest programs available to you.

Frequently Asked Questions

Which is better – Product Owner or Project Manager?

A Product Owner sets product vision and ensures value delivery, while a Project Manager ensures timelines and execution. Both are crucial, but the Product owner often has a higher salary trajectory due to their strategic role.

Is a Product Owner the boss of the team?

Not exactly. A Product Owner influences priorities and guides vision, but doesn’t manage people directly. They collaborate with engineering and design teams for outcomes.

How does Product Management differ from Consulting?

Consultants advise businesses but don’t execute. Product Managers, on the other hand, lead development, manage roadmaps, and ensure delivery. This big responsibility often results in higher compensation.