Muthoot Homefin India Mumbai HR Associate Salaries by 7 Employees (Updated 2025)

0 - 5 years exp.

₹1.8 Lakh - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% less than the average HR Associate Salary in Investment Banking / Venture Capital / Private Equity Companies for 0 - 5 years of experience

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Last Updated: 2 Apr 2025

Companies similar to Muthoot Homefin India for HR Associate in Mumbai

Muthoot Homefin India HR Associate Salary

0 - 5 years exp. (7 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Accenture HR Associate Salary 0 - 6 years exp. (144 salaries)	₹1.7 L/yr - ₹6 L/yr 24% more
HGS HR Associate Salary 0 - 5 years exp. (51 salaries)	₹1.8 L/yr - ₹3.8 L/yr 12% less
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Kotak Mahindara Life Insurance HR Associate Salary 0 - 4 years exp. (34 salaries)	₹1.2 L/yr - ₹3.6 L/yr 31% less
Ernst & Young HR Associate Salary 0 - 5 years exp. (22 salaries)	₹3 L/yr - ₹5 L/yr 25% more
Cipla HR Associate Salary 2 - 8 years exp. (20 salaries)	₹4 L/yr - ₹6.6 L/yr 72% more	1 job opening

HR Associate salary at Muthoot Homefin India ranges between ₹1.8 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 7 latest salaries received from various employees of Muthoot Homefin India.

Experience wise Muthoot Homefin India HR Associate salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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2 years (3 salaries)	₹1.8 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

View all

Similar Designation salaries in Muthoot Homefin India

Assistant Manager Administrator Salary

(4 salaries)

₹3.8 L/yr - ₹4.4 L/yr

Administration Executive Salary

(3 salaries)

₹3 L/yr - ₹3.3 L/yr

Salary related reviews for Muthoot Homefin India

Collections Manager in Ahmedabad

BFSI, Investments & Trading Department

3.0

• posted on 20 Apr 2022

5.0

for Salary and Benefits

Likes

Good Compensation & Owners ( Muthoot Family) of company.

Salary - Excellent

+1 more

Dislikes

Un-experience senior management. Most of them don't deserve a entry level position. They get these positions by using personal relationships not get on basis of their abilities or work experience.

Skill development - Bad

+2 more

Credit Executive in Mumbai

Home Loan Department

2.0

• posted on 21 Nov 2020

1.0

for Salary and Benefits

Likes

...e is balanced here except month end and JFM. Superior are good. (In my case). Gets salary on time.

Skill development - Good

Dislikes

Company management is focusing only on profits they have nothing to do with employees growth. HR functions is rediculous. Huge communication gap. Salary and other benefits for ofroll employees are like peanuts. Ofroll employees are barely get chance for onroll even after hard work.

Salary - Bad

+4 more

Cluster Manager - Sales in Indore

Finance & Accounting Department

1.0

• posted on 25 Jun 2020

1.0

for Salary and Benefits

Likes

...ovid- 19 company is not provide the support and call me to put your resignation. Nil support salary is also debited and As well as salary is not provide

Dislikes

Working, HR Policies is not good also not provide any facilities to employees. Salary not credit on time.

Salary - Bad

+6 more

Credit Officer in Bangalore / Bengaluru

BFSI, Investments & Trading Department

5.0

• posted on 20 May 2020

4.0

for Salary and Benefits

Likes

... it is given me excellent opportunity to learn and to acquire more knowledge. They supported in me for working at home and provided me salary during civid19 Lockdown.

Salary - Good

+6 more

Dislikes

Nothing

Legal Associate in Jaipur

Legal & Regulatory Department

4.0

• posted on 18 Aug 2018

1.0

for Salary and Benefits

Likes

I love the company's work culture. One can manage his social life as well as professional.

Work-life balance - Good

Dislikes

Poor HR policy. No bonus for back office support at Associate level. Poor Appraisal.No medical claims. No training for new employee. Very bad software and No I.T. Support for back up. No Internal growth.

Salary - Bad

+1 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Homefin India HR Associate Salary FAQs

What is the salary of HR Associate at Muthoot Homefin India in Mumbai?

The average salary of a HR Associate at Muthoot Homefin India in Mumbai typically ranges from ₹1.8 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of HR Associate in Mumbai at Muthoot Homefin India earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. HR Associate Salaries at Muthoot Homefin India 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 7 Muthoot Homefin India employees in India.

What is the estimated take home salary of a HR Associate at Muthoot Homefin India in Mumbai?

The estimated take-home salary of a HR Associate at Muthoot Homefin India in Mumbai typically ranges from ₹22,276 to ₹23,756 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher 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 7 salaries received from various employees of Muthoot Homefin India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Homefin India for HR Associate in India?

Cipla	₹4.0 Lakhs to ₹6.6 Lakhs per year
Ernst & Young	₹3.0 Lakhs to ₹5.0 Lakhs per year
Accenture	₹1.7 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a HR Associate in companies similar to Muthoot Homefin India in Mumbai?

The salary of a HR Associate at companies similar to Muthoot Homefin India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HGS	₹1.8 Lakhs to ₹3.8 Lakhs per year
Kotak Mahindara Life Insurance	₹1.2 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 HR Associate at Muthoot Homefin India in Mumbai?

The salary growth for a HR Associate at Muthoot Homefin India in Mumbai depends on factors such as experience, performance, and promotions. On average, a HR Associate in Mumbai can expect the following growth trajectory at Muthoot Homefin India:

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹3.4 Lakhs per year
1 year	₹2.7 Lakhs to ₹3.4 Lakhs per year
2 years	₹1.8 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Muthoot Homefin India HR Associate Salaries in Mumbai

Muthoot Homefin India HR Associate salary in Mumbai ranges between ₹1.8 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Muthoot Homefin India latest salaries received from various employees of Muthoot Homefin India.