Muthoot Finance State Head Salaries by 6 Employees (Updated 2025)

15 - 20 years exp.

₹12 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

7% more than the average State Head Salary in NBFC Companies for 15 - 20 years of experience

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Salaries in different departments

Sales & Business Development State Head Salary 15 - 20 years exp. (3 salaries)	₹12 L/yr - ₹20 L/yr
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BFSI, Investments & Trading State Head Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹14.5 L/yr - ₹17 L/yr

Last Updated: 31 Jul 2024

Companies similar to Muthoot Finance for State Head

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance State Head Salary 15 - 20 years exp. (5 salaries)	₹13.2 L/yr - ₹15 L/yr 19% less
Shriram Finance State Head Salary 12 - 23 years exp. (8 salaries)	₹13 L/yr - ₹22.2 L/yr 15% more
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Bajaj Finance State Head Salary 12 - 14 years exp. (5 salaries)	₹16.6 L/yr - ₹23.5 L/yr 15% more
HDFC Bank State Head Salary 10 - 18 years exp. (22 salaries)	₹9 L/yr - ₹32 L/yr 9% more
ICICI Bank State Head Salary 1 - 18 years exp. (6 salaries)	₹12 L/yr - ₹25 L/yr 26% more
Axis Bank State Head Salary 11 - 19 years exp. (42 salaries)	₹9.2 L/yr - ₹28 L/yr 3% more
Kotak Mahindra Bank State Head Salary 9 - 20 years exp. (16 salaries)	₹10.2 L/yr - ₹19 L/yr 17% less
Tata Capital State Head Salary 11 - 23 years exp. (19 salaries)	₹8 L/yr - ₹25 L/yr 4% more	1 job opening
Aavas Financiers State Head Salary 11 - 19 years exp. (42 salaries)	₹8.8 L/yr - ₹23.4 L/yr 6% less
Poonawalla Fincorp State Head Salary 7 - 24 years exp. (25 salaries)	₹6.8 L/yr - ₹21.3 L/yr 16% less
SMFG India Credit State Head Salary 12 - 22 years exp. (22 salaries)	₹11.5 L/yr - ₹28.2 L/yr 12% more
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Bharat Financial Inclusion State Head Salary 5 - 18 years exp. (9 salaries)	₹10.2 L/yr - ₹26.9 L/yr 10% more
Tata Capital Housing Finance State Head Salary 11 - 21 years exp. (7 salaries)	₹13.5 L/yr - ₹22 L/yr 1% less
Muthoot Fincorp State Head Salary 12 - 19 years exp. (6 salaries)	₹10.4 L/yr - ₹20.5 L/yr 6% less
Mahindra Rural Housing Finance State Head Salary 10 - 22 years exp. (6 salaries)	₹11 L/yr - ₹23 L/yr 19% more
TVS Credit State Head Salary 7 - 21 years exp. (6 salaries)	₹9 L/yr - ₹16.3 L/yr 33% less
IIFL Finance State Head Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹13.5 L/yr 21% less
LendingKart State Head Salary 9 - 15 years exp. (5 salaries)	₹13 L/yr - ₹15.5 L/yr 16% less
CreditAccess Grameen State Head Salary 13 - 16 years exp. (5 salaries)	₹19.5 L/yr - ₹31 L/yr 42% more
Capri Global Capital State Head Salary 6 - 20 years exp. (4 salaries)	₹10.5 L/yr - ₹12.6 L/yr 32% less

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State Head salary at Muthoot Finance ranges between ₹12 Lakhs to ₹20 Lakhs per year for employees with experience between 15 years to 20 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance State Head salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
15+ years (6 salaries)	₹12 L/yr - ₹20 L/yr
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Similar Designation salaries in Muthoot Finance

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Branch Manager Salary

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Area Manager Salary

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₹4 L/yr - ₹9.82 L/yr

Deputy Manager Salary

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₹3 L/yr - ₹9.08 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Regional Manager Salary

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₹6.8 L/yr - ₹21.5 L/yr

Top skills at Muthoot Finance for State Head

Team Management Skills Business Development Gold Loan Business Generation Team Leading

Salary related reviews for Muthoot Finance

4.6

Rated by 2 employees for salary & benefits

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

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

Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 28 Oct 2024

4.0

for Salary and Benefits

Likes

1.Market approach 2.On time salary and incentives 3.Accessible and easy to search services 4. Old and most known name in gold loan in market 5.brand goodwill

Salary - Good

+2 more

Dislikes

1. Security issues (unnecessary burden on employee) 2. It is like a high security jail 3. Unnecessary sales burden 4. Focus day ( no decreased roi no high per gram rate then it is illogical) 5. Sunday/night visit ( it should be the job done by security guard) 6. A number of products to sale with daily basis target (nobody can achieve all in a day) 7. Anybody unknown or new joinee in corporate or regional office can call you, threatened you,harrased you to complete his task on given time . 8. High rate of interest, difficult to add new customer comparing other banks and NBFC's 9. Muthoot most rust thing it's penalties ( a normal customer pays a lot extra RBI is still watching this fraud.

Job security - Bad

+3 more

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

Branch Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

Salary - Bad

+6 more

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a cluster manager

DSA Sales Manager Personal loans.

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Muthoot Finance State Head Salary FAQs

What is the salary of State Head at Muthoot Finance?

State Head salary at Muthoot Finance in India ranges between ₹12.0 Lakhs to ₹20.0 Lakhs for experience between 15 years to 20 years. According to our estimates it is 7% more than the average State Head Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a State Head at Muthoot Finance India compare with the average salary range for this job?

The average salary of a State Head at Muthoot Finance is 7% more than the average salary of a State Head in India. To know exact salary insights, login to view.

What are the top skills required to work as a State Head at Muthoot Finance?

Team Management Skills, Business Development, Gold Loan, Business Generation and Team Leading are some of the popular skills required to work as a State Head at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a State Head in India?

CreditAccess Grameen State Head Salary - ₹19.5 Lakhs to ₹31.0 Lakhs per year
ICICI Bank State Head Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
Mahindra Rural Housing Finance State Head Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
PNB Housing Finance State Head Salary - ₹16.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance State Head Salary - ₹16.6 Lakhs to ₹23.5 Lakhs per year

What is the salary of a State Head in companies similar to Muthoot Finance in India?

Shriram Finance State Head Salary - ₹13.0 Lakhs to ₹22.2 Lakhs per year
SMFG India Credit State Head Salary - ₹11.5 Lakhs to ₹28.2 Lakhs per year
Bharat Financial Inclusion State Head Salary - ₹10.2 Lakhs to ₹26.9 Lakhs per year
HDFC Bank State Head Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
L&T Finance State Head Salary - ₹8.5 Lakhs to ₹25.0 Lakhs per year

What is the estimated take home salary of a State Head at Muthoot Finance in India?

The estimated take-home salary of a State Head at Muthoot Finance ranges between ₹1,14,460 per month to ₹1,17,648 per month in India. The take-home salary calculation is based on the average Muthoot Finance State Head salary in India which ranges between ₹12.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 15 years to 20 years. Check how did we calculate take home salary?

What is the notice period for State Head at Muthoot Finance?

According to AmbitionBox, 100% of the Muthoot Finance State Heads reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Finance State Head Salaries

Muthoot Finance State Head salary in India ranges between ₹12 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.