Muthoot Finance Electrical Engineer Salaries by 4 Employees (Updated 2025)

2 - 5 years exp.

₹3.5 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

9% less than the average Electrical Engineer Salary in NBFC Companies for 2 - 5 years of experience

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Last Updated: 20 Feb 2025

Companies similar to Muthoot Finance for Electrical Engineer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Electrical Engineer Salary 0 - 15 years exp. (3 salaries)	₹3 L/yr - ₹7.2 L/yr 36% more
L&T Finance Electrical Engineer Salary 31 years exp. (3 salaries)	₹2 L/yr - ₹3.6 L/yr 33% less
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Suzlon Group Electrical Engineer Salary 1 - 8 years exp. (582 salaries)	₹1.8 L/yr - ₹6.7 L/yr 14% less
Larsen & Toubro Limited Electrical Engineer Salary 0 - 10 years exp. (457 salaries)	₹1.6 L/yr - ₹10 L/yr 34% more
Reliance Industries Electrical Engineer Salary 1 - 13 years exp. (446 salaries)	₹1.5 L/yr - ₹10.5 L/yr 45% more

Electrical Engineer salary at Muthoot Finance ranges between ₹3.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Electrical Engineer salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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4 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Similar Designation salaries in Muthoot Finance

Electrical Supervisor Salary

(6 salaries)

₹2.65 L/yr - ₹3.6 L/yr

Site Engineer Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Junior Engineer Salary

(4 salaries)

₹2.7 L/yr - ₹3.5 L/yr

Maintenance Engineer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Deputy Manager Salary

(94 salaries)

₹3 L/yr - ₹8.9 L/yr

Supervisor Salary

(4 salaries)

₹1 L/yr - ₹3.5 L/yr

Site Supervisor Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Salary related reviews for Muthoot Finance

5.0

Rated by 1 employees for salary & benefits

Deputy Manager in Rae Bareli

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2024

3.0

for Salary and Benefits

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

Skill development - Good

+4 more

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

Promotions - Poor

Deputy Manager in Bhubaneswar

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Salary always credited in right time

Dislikes

Dividing the staff with religion Similar promotion and pay not available.Very politics on staff promotion Higher Authorities and very bad Paying very less payment Not employee friendly oriented company

Salary - Bad

+6 more

Sales Manager in Kochi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Jan 2025

3.0

for Salary and Benefits

Likes

There no need to wear formals like banks .

Dislikes

Work culture is bad , we will not get the salary which is mentioned in the offer letter , there is no work balance even we have to work in Sunday's also . Heavy work pressure. There is no job security

Skill development - Bad

+5 more

Relationship Executive in Howrah

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 15 Dec 2024

2.0

for Salary and Benefits

Likes

The one and only thing is good that they pay the salary on time. But the salary is very low compared to their competitors.

Dislikes

Nothing is good in the company. The regional office staff will not help you when you face some problems. When you join the company they will tell you that it's a 9-6 job but in reality it is 9-7:30 job or beyond. Create senseless pressure by the management. Even they forcefully work you on "SUNDAY". That means there are no holiday. Think 100 times before join this company.

Salary - Poor

+5 more

Junior Relationship Executive in New Delhi

Full Time

Administration & Facilities Department

3.0

• posted on 10 Dec 2024

2.0

for Salary and Benefits

Likes

Branch staffs are cooperative. Pressure is low as compared to banks and other NBFCs if your branch has customer walking.

Job security - Good

+1 more

Dislikes

1.Salary is very low as compared to industry and other companies. 2.RO management are worst. They will not pick your call even if customers is shouting on you for their loan closure. 3.Branch staffs have to listen customers abusive language because they have closed accepting all kinds of online payments and also did not give virtual account to customers on time. 4. RO management staff does not cooperate with branch staffs.They only care about business not about customers and staffs.

Salary - Poor

+4 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Muthoot Finance Electrical Engineer Salary FAQs

What is the salary of Electrical Engineer at Muthoot Finance ?

The average salary of a Electrical Engineer at Muthoot Finance in India typically ranges from ₹3.5 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Electrical Engineer at Muthoot Finance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Electrical Engineer Salaries at Muthoot Finance 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 4 Muthoot Finance employees in India.

What is the estimated take home salary of a Electrical Engineer at Muthoot Finance in India?

The estimated take-home salary of a Electrical Engineer at Muthoot Finance in India typically ranges from ₹31,539 to ₹32,830 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 2 years to 5 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 4 salaries received from various employees of Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Finance for Electrical Engineer in India?

Reliance Industries	₹1.5 Lakhs to ₹10.5 Lakhs per year
Manappuram Finance	₹3.0 Lakhs to ₹7.2 Lakhs per year
Larsen & Toubro Limited	₹1.6 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Electrical Engineer in companies similar to Muthoot Finance in India?

The salary of a Electrical Engineer at companies similar to Muthoot Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Suzlon Group	₹1.8 Lakhs to ₹6.7 Lakhs per year
L&T Finance	₹2.0 Lakhs to ₹3.6 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 Electrical Engineer at Muthoot Finance in India?

The salary growth for a Electrical Engineer at Muthoot Finance depends on factors such as experience, performance, and promotions. On average, a Electrical Engineer can expect the following growth trajectory at Muthoot Finance:

Experience	Average Salary Range
2 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
3 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
4 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
5 years	₹3.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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Muthoot Finance Electrical Engineer Salaries

Muthoot Finance Electrical Engineer salary in India ranges between ₹3.5 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.