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Out my experience in IT industry for last 2 decades, I am putting down the pros and cons.
B.Tech with M.Tech and further Ph D will help you further rather than trying in Software Industry as you are already in academic line. Yes it would be better if you choose a Software Company related to Mechanical Field it will be a plus point.
If you are in a company not related to Mechanical field, after getting 20-25 years of experience if you again choose acadamics then Industry experience will not be taken into consideration. Again you will earn the same income as fresher since you do not have teaching experience.
All the best.
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