Muthoot Fincorp State Technical Manager Salaries by 4 Employees (Updated 2025)

4 - 6 years exp.

₹6 Lakhs - ₹7.8 Lakhs

Low Confidence

Salary of majority employees

Fixed (92%)

₹6.1 Lakhs

Variable (8%)

₹0.5 Lakh

39% less than the average State Technical Manager Salary in NBFC Companies for 4 - 6 years of experience

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Last Updated: 12 Mar 2025

Companies similar to Muthoot Fincorp for State Technical Manager

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit State Technical Manager Salary 9 - 12 years exp. (6 salaries)	₹7 L/yr - ₹14.5 L/yr 61% more
Tyger Home Finance State Technical Manager Salary 6 - 17 years exp. (6 salaries)	₹11.6 L/yr - ₹13.5 L/yr 97% more
Login to view exact salary
IndusInd Bank State Technical Manager Salary 7 - 9 years exp. (5 salaries)	₹6.5 L/yr - ₹12 L/yr 46% more
Ambit Finvest State Technical Manager Salary 9 - 11 years exp. (5 salaries)	₹10.6 L/yr - ₹14.9 L/yr 94% more
Nuvoco Vistas State Technical Manager Salary 8 - 20 years exp. (4 salaries)	₹15.2 L/yr - ₹23.7 L/yr 217% more

State Technical Manager salary at Muthoot Fincorp ranges between ₹6 Lakhs to ₹7.8 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp State Technical Manager salaries

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
Login to view exact salary
6 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr

Similar Designation salaries in Muthoot Fincorp

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₹6 L/yr - ₹16 L/yr

Deputy Manager Salary

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₹2.75 L/yr - ₹7.9 L/yr

Site Engineer Salary

(13 salaries)

₹2.35 L/yr - ₹3.38 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Senior Site Engineer Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Civil Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

QA QC Engineer Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Quality Engineer Salary

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₹36.9 L/yr - ₹47.2 L/yr

Project Engineer Salary

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₹3.7 L/yr - ₹4.7 L/yr

Civil Site Engineer Salary

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₹2.4 L/yr - ₹3.1 L/yr

Salary related reviews for Muthoot Fincorp

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Skill development - Excellent

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No support or respect for support verticles. Salary will be the lowest as per the market standard or industry. Had to report office at sharp 9:30 AM morning and late night sittings. No week off in last 10 days of months. you have to work on Sundays also.

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... 3months.. you work there n within 3months you search for another organisation.. they offer lowest salary in the market.. and on top of it you'll have to serve 2months or 3months resignation period and after that also they will not provide you ur reliving letter n even your full n final settlement will not happen.. they take year to do Full and final settlement.. I was the employee here after 2 years I gave resignation fir better opportunity but m lacking behind only because I don't have reliving letter.. even after 4 months and tones of followups with them they arey not giving me my reliving letter and my salary.. so think before you join.. here no one will help you manager area manager regional manager no one.. worst company it is.. u better seat home rather you join in muthoot Fincorp.. if you join you will regret it till your alive mark my words.. they are totally unprofessional and behave rediculous.. THINK BEFOR YOU JOIN MUTHOOT FINCORP LTD

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• posted on 30 Dec 2024

5.0

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Likes

The opportunities for continuous learning and professional development & salary credited on time.

Salary - Excellent

+5 more

Dislikes

Company is great no dought ,I am working here last 1.5 years and I see some people have two faces and changing their own words according to the situation. All over great !

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In this company salary increment is done according to the outstanding of the branch, so the new staff who join in a smaller branch will not get any benefit. If increment is done according to the outstanding of the branch then the vintage staff should get a bigger branch according to their individual score card or there should be shuffling of all employees every 2 years.

Promotions - Bad

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for Salary and Benefits

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Working timing is good, Salary come on time , great place for girls as they get job nearest to home

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Working culture is toxic in some branches as there is lot of gap between management and employees. Employees do not able to contact HR for their problems. Appraisal and increment is not good as only buttering people get that.

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Muthoot Fincorp State Technical Manager Salary FAQs

What is the salary of State Technical Manager at Muthoot Fincorp ?

The average salary of a State Technical Manager at Muthoot Fincorp in India typically ranges from ₹6.0 Lakhs to ₹7.8 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of State Technical Manager at Muthoot Fincorp earn more than ₹7.8 Lakhs per year, and the top 1% earn over ₹7.8 Lakhs per year. State Technical Manager Salaries at Muthoot Fincorp 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 Fincorp employees in India.

What is the estimated take home salary of a State Technical Manager at Muthoot Fincorp in India?

The estimated take-home salary of a State Technical Manager at Muthoot Fincorp in India typically ranges from ₹50,336 to ₹51,524 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹7.8 Lakhs per year for employees with experience ranging from 4 years to 6 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 Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Fincorp for State Technical Manager in India?

Nuvoco Vistas	₹15.2 Lakhs to ₹23.7 Lakhs per year
Tyger Home Finance	₹11.6 Lakhs to ₹13.5 Lakhs per year
Ambit Finvest	₹10.6 Lakhs to ₹14.9 Lakhs per year
SMFG India Credit	₹7.0 Lakhs to ₹14.5 Lakhs per year
IndusInd Bank	₹6.5 Lakhs to ₹12.0 Lakhs per year

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

How the salary growth look like for a State Technical Manager at Muthoot Fincorp in India?

The salary growth for a State Technical Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a State Technical Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience	Average Salary Range
4 years	₹7.0 Lakhs to ₹8.9 Lakhs per year
5 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
6 years	₹5.7 Lakhs to ₹7.2 Lakhs per year

and so on.

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Muthoot Fincorp State Technical Manager Salaries

Muthoot Fincorp State Technical Manager salary in India ranges between ₹6 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.