A new breed of technology companies like Companies like DevFactory, Exponential and Informatica are paying Rs 20 lakh to Rs 40 lakh to talented freshers and mid-level programmers, many times more than the Rs 3.5 lakh to Rs 6.5 lakh for software engineers which were paid by large IT companies.
R&D of DevFactory is paying Rs 24 lakhs annual pay to the software engineers. It is focusing more on delivering high quality work with trained professionals. The other companies which are offering high packages include US-based digital media solutions firm Exponential, software development firm Informatica, American Express, Rolls Royce and GE, according to HackerEarth's Market Research.
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