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Muthoot Mercantile Software Developer salaries in India (Updated 2025)

Annual salary range
2 - 3 years exp.
₹2.2 Lakhs - ₹3.8 Lakhs
Salary of majority employees
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65% less than the average Software Developer Salary in NBFC Companies for 2 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA
Software Developer Salary
2 - 3 years exp. (3 salaries)
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₹2.2 L/yr - ₹3.8 L/yr

Project & Program Management
Software Developer Salary
2 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3 L/yr

Last Updated: 15 Mar 2025

Companies similar to Muthoot Mercantile for Software Developer

Company name Avg Annual Salary Open Jobs
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 19% less
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PayMe India Software Developer Salary

2 - 3 years exp. (8 salaries)

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₹7.9 L/yr - ₹20 L/yr

arrow icon 333% more
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Paisalo Digital Software Developer Salary

2 - 4 years exp. (5 salaries)

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₹3 L/yr - ₹6 L/yr

arrow icon 77% more
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Yogakshemam Loans Software Developer Salary

1 - 7 years exp. (4 salaries)

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₹1.5 L/yr - ₹4.3 L/yr

arrow icon 7% less
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TCS Software Developer Salary

0 - 8 years exp. (19.3k salaries)

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₹3.4 L/yr - ₹15 L/yr

arrow icon 188% more
Software Developer salary at Muthoot Mercantile ranges between ₹2.2 Lakhs to ₹3.8 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Mercantile.

Latest annual salaries shared by Muthoot Mercantile Software Developer

3d ago
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3 years exp.
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2 years exp.
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2 years exp.
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2 years exp.

Experience wise Muthoot Mercantile Software Developer salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
2 years  (3 salaries)

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₹2.2 L/yr - ₹2.8 L/yr
3 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.8 L/yr

Similar Designation salaries in Muthoot Mercantile

Senior Software Developer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Senior Software Engineer Salary
(AmbitionBox Estimate)
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₹0.5 L/yr - ₹0.6 L/yr

Salary related reviews for Muthoot Mercantile

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 31 Jul 2024

1.0
 for  Salary and Benefits

Likes

As soon as possible muthoot mercantile should be closed

Dislikes

Salary not proper,salary slip not get,management worst people,HR not responsible,salary not get time..muthoot mercantile branch plz visit u feel ur come to govt death hospital room,TA/DA not proper..whenever visit to staff plz watch them face..sad & nervous..don't join muthoot mercantile.plz join swiggy,zomato better then muthoot mercantile

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 13 Mar 2024

1.0
 for  Salary and Benefits

Likes

No thing, everything is Worst

Dislikes

Bad experience, No PF deduction, Every month Salary God deduction without any reason and eny explanation, No Job security, Company not have any Ethics and rules like Corporate, Worst experience of my life.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 25 Aug 2023

1.0
 for  Salary and Benefits

Likes

Nothing good about this FAKE company

Dislikes

... of Muthoot Finance and Fincorp by Lying to customers as they are not the same . They don't even stationary budget staff have to pay for it . AC have timers from KERALA which get off . Over all Management don't know to work they work like unorganized sector. As a gold loan company they don't have proper packet to pack they are so cheap they recycle packet 4 times and wrap gold in newspaper which is below standard company even jewelers pack in Ziplock bag . SO OVER ALL FAKE COMAPNY NO PF NO INSURANCE TO STAFF AND LOTS OF DEDUCTION SO BEAWARE BEFORE JOINING FOR ANY THING YOU ARE LIABLE .

read more
  • Salary - Bad
  • +6 more

Gold Loan Department

1.0
  •  posted on 29 Jul 2020

1.0
 for  Salary and Benefits

Likes

they are not supporting there employees . they not pay any amount during lockdown period .they are not trust there employees . if any fraud happen in any branch by other person they are recover money from there employees and after recover money they are terminated the all staff . employee prove that yourself as a inocent person but employer are not listening to employee.

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Dislikes

unprofessional work type. not pay office expense many office expenses pay by himself . if any miscound found they not investigating that what is incident happen they are not supporting there staff and terminated the staff. they are not give to time to explain yourself and prove yourself even after termination they are not pickup your phone call and not reply your mail .

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 16 Oct 2024

4.0
 for  Salary and Benefits

Likes

Good working atmosphere and very good work culture. We have a very dynamic and flamboyant MD and we have full faith and belief in the Management. There is not much pressure compared to Banks. I have worked in Banks for 22 years. Get good exposure and job satisfaction.

read more
  • Salary - Good
  • +6 more

Dislikes

Nothing in particular as such. Need little more support and coordination from Head Office. Need vendor approvals etc on time. Not got TA, but I am sure things will be sorted out. Overall a Wonderful Place to Work. Good work life balance too.

read more
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Muthoot Mercantile Software Developer Salary FAQs

What is the salary of Software Developer at Muthoot Mercantile ?
The average salary of a Software Developer at Muthoot Mercantile in India typically ranges from ₹2.2 Lakhs to ₹3.8 Lakhs per year, depending on experience (from 2 years to 3 years).

The top 10% of Software Developer at Muthoot Mercantile earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Software Developer Salaries at Muthoot Mercantile 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 Mercantile employees in India.
What is the estimated take home salary of a Software Developer at Muthoot Mercantile in India?
The estimated take-home salary of a Software Developer at Muthoot Mercantile in India typically ranges from ₹20,887 to ₹22,538 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from 2 years to 3 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 Mercantile. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Muthoot Mercantile for Software Developer in India?
PayMe India ₹7.9 Lakhs to ₹20.0 Lakhs per year
TCS ₹3.4 Lakhs to ₹15.0 Lakhs per year
Paisalo Digital ₹3.0 Lakhs to ₹6.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Mercantile, depending on the role and experience level.
What is the salary of a Software Developer in companies similar to Muthoot Mercantile in India?
The salary of a Software Developer at companies similar to Muthoot Mercantile in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yogakshemam Loans ₹1.5 Lakhs to ₹4.3 Lakhs per year
Anand Rathi Global Finance ₹1.7 Lakhs to ₹3.5 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 Software Developer at Muthoot Mercantile in India?
The salary growth for a Software Developer at Muthoot Mercantile depends on factors such as experience, performance, and promotions. On average, a Software Developer can expect the following growth trajectory at Muthoot Mercantile:

Experience Average Salary Range
2 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
3 years ₹1.4 Lakhs to ₹3.8 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Mercantile Software Developer salary in India ranges between ₹2.2 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Muthoot Mercantile latest salaries received from various employees of Muthoot Mercantile.