Muthoot Microfin HR Manager 1 Salaries by 5 Employees (Updated 2025)

2 - 4 years exp.

₹3.1 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

41% less than the average HR Manager 1 Salary in NBFC Companies for 2 - 4 years of experience

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Salaries in different departments

Human Resources HR Manager 1 Salary 2 - 4 years exp. (4 salaries)	₹4 L/yr - ₹5.5 L/yr
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Administration & Facilities HR Manager 1 Salary 4 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.4 L/yr

Last Updated: 13 Feb 2025

Companies similar to Muthoot Microfin for HR Manager 1

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services HR Manager 1 Salary 8 - 12 years exp. (4 salaries)	₹7 L/yr - ₹14.1 L/yr 89% more
Tata Motors Finance HR Manager 1 Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 88% more
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ICICI Bank HR Manager 1 Salary 1 - 9 years exp. (35 salaries)	₹3.4 L/yr - ₹8.9 L/yr 70% more
Amazon HR Manager 1 Salary 5 - 13 years exp. (16 salaries)	₹8.5 L/yr - ₹19 L/yr 192% more
Bajaj Finserv HR Manager 1 Salary 0 - 6 years exp. (7 salaries)	₹2 L/yr - ₹11.3 L/yr 36% more

HR Manager 1 salary at Muthoot Microfin ranges between ₹3.1 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin HR Manager 1 salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.5 L/yr
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.3 L/yr
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4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

Similar Designation salaries in Muthoot Microfin

Deputy Manager Salary

(35 salaries)

₹2.9 L/yr - ₹6 L/yr

HR Assistant Salary

(3 salaries)

₹2.3 L/yr - ₹2.9 L/yr

Team Lead Salary

(6 salaries)

₹2.85 L/yr - ₹3.31 L/yr

Assistant Manager HRD Salary

(4 salaries)

₹3 L/yr - ₹5.1 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Administration Executive Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Salary related reviews for Muthoot Microfin

Manager in Sangli

Full Time

Human Resources Department

5.0

• posted on 12 Sep 2023

5.0

for Salary and Benefits

Likes

All aspects are very good for an employee. Training, Recruitment process, salary, promotions, incentives, increments all are best in the industry.

Salary - Excellent

+6 more

Dislikes

My reporting persons behaviour was not good. Nothing else.

Branch Relationship Manager Operation in Bijnor

Full Time

Sales & Business Development Department

4.0

• posted on 29 Dec 2024

4.0

for Salary and Benefits

Likes

...bout here, I am not enjoying working here much because I am new to this Company. The branches of Muthoot are very good Promotions also happen on time and salary is also paid on time And Incentive is also given according to the work That's all for now. Thank you.

Salary - Good

+3 more

Dislikes

I don't like the culture here and the timing is also not right The seniors get the work done by opening the branch even on Saturdays and Sundays.If the target given to the staff is not completed then they are mentally tortured I will do it, however HR has told me that I will get leave on Saturday and Sunday, I don't like it but the company is very good

Work satisfaction - Poor

Senior Relationship Officer in Berhampur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 21 Jun 2023

1.0

for Salary and Benefits

Likes

I am a ex-employee Management department very bad... I have left this organization 11month complete....but till now not done my settlement This company without intimation remove the employee Very bad management

Dislikes

All.... Salary Behavior Career growth Secure job.. All parameter and management very bad

Salary - Bad

+5 more

Credit Executive in Near Mushi Pulia Metro Station, Lucknow

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 15 Dec 2022

1.0

for Salary and Benefits

Likes

Good working culture Supportive staff Good Infrastructure Good for freshers

Job security - Good

+2 more

Dislikes

...Department pressurise to Work on holidays in credit department and operations Salary not as satisfied atleast company need to provide 15k in hand salary to fresher in Credit department.

Salary - Bad

+2 more

Relationship Officer (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Feb 2023

3.0

for Salary and Benefits

Likes

MUTHOOT MICROFIN LTD good company and policy customer satisfaction. Then different types of loans good company

Skill development - Good

+2 more

Dislikes

MUTHOOT MICROFIN LTD 2 years 6 month working not hike salary and promotion nill so small dislikes

Promotions - Bad

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Muthoot Microfin HR Manager 1 Salary FAQs

What is the salary of HR Manager 1 at Muthoot Microfin ?

The average salary of a HR Manager 1 at Muthoot Microfin in India typically ranges from ₹3.1 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of HR Manager 1 at Muthoot Microfin earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. HR Manager 1 Salaries at Muthoot Microfin 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 5 Muthoot Microfin employees in India.

What is the estimated take home salary of a HR Manager 1 at Muthoot Microfin in India?

The estimated take-home salary of a HR Manager 1 at Muthoot Microfin in India typically ranges from ₹35,842 to ₹37,069 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years to 4 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 5 salaries received from various employees of Muthoot Microfin. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Microfin for HR Manager 1 in India?

Amazon	₹8.5 Lakhs to ₹19.0 Lakhs per year
HDB Financial Services	₹7.0 Lakhs to ₹14.1 Lakhs per year
Tata Motors Finance	₹8.5 Lakhs to ₹10.0 Lakhs per year
ICICI Bank	₹3.4 Lakhs to ₹8.9 Lakhs per year
Bajaj Finserv	₹2.0 Lakhs to ₹11.3 Lakhs per year

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

How the salary growth look like for a HR Manager 1 at Muthoot Microfin in India?

The salary growth for a HR Manager 1 at Muthoot Microfin depends on factors such as experience, performance, and promotions. On average, a HR Manager 1 can expect the following growth trajectory at Muthoot Microfin:

Experience	Average Salary Range
2 years	₹5.5 Lakhs to ₹5.5 Lakhs per year
3 years	₹4.0 Lakhs to ₹5.3 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Muthoot Microfin HR Manager 1 Salaries

Muthoot Microfin HR Manager 1 salary in India ranges between ₹3.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.