Under ₹500 is the tightest corporate gifting band, and it's also the one most likely to look cheap if the product choice isn't deliberate. The goal at this budget is utility, not impressiveness — something an employee will actually use rather than set aside.
The strongest options here are mobile accessories: a decent cable set, a basic power bank, or a phone stand. These have a genuinely low per-unit cost at bulk pricing while still being something almost every recipient has a use for, regardless of role or seniority.
Gift vouchers starting from ₹500 are the other reliable choice at this band — they sidestep the 'does this feel cheap' problem entirely, since the recipient assigns the value themselves rather than judging a physical object.
What to avoid: branded merchandise with no independent utility (a logo-only item nobody would buy for themselves) tends to land worse at this price point than a genuinely useful unbranded item, even though the instinct is often to add branding specifically because the budget is tight.