Muthoot Microfin Senior Manager-HR Salaries by 8 Employees (Updated 2025)

6 - 15 years exp.

₹8.1 Lakhs - ₹11.8 Lakhs

Low Confidence

Salary of majority employees

45% less than the average Senior Manager-HR Salary in NBFC Companies for 6 - 15 years of experience

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Last Updated: 17 Mar 2025

Companies similar to Muthoot Microfin for Senior Manager-HR

Company name	Avg Annual Salary	Open Jobs
L&T Finance Senior Manager-HR Salary 1 - 12 years exp. (22 salaries)	₹9.8 L/yr - ₹15.3 L/yr 16% more
SMFG India Credit Senior Manager-HR Salary 9 - 15 years exp. (15 salaries)	₹10.4 L/yr - ₹18.6 L/yr 38% more
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TVS Credit Senior Manager-HR Salary 8 - 19 years exp. (11 salaries)	₹11 L/yr - ₹21.1 L/yr 33% more
Bajaj Finance Senior Manager-HR Salary 9 - 25 years exp. (11 salaries)	₹20 L/yr - ₹42.6 L/yr 195% more
IIFL SAMASTA Senior Manager-HR Salary 6 - 16 years exp. (9 salaries)	₹8.3 L/yr - ₹10.8 L/yr 10% less
Home Credit Finance Senior Manager-HR Salary 12 - 18 years exp. (8 salaries)	₹17.8 L/yr - ₹25 L/yr 114% more
Annapurna Finance Senior Manager-HR Salary 3 - 7 years exp. (7 salaries)	₹9.2 L/yr - ₹11.1 L/yr 7% less
Muthoot Fincorp Senior Manager-HR Salary 12 - 18 years exp. (6 salaries)	₹8.5 L/yr - ₹19.2 L/yr 29% more
IIFL Finance Senior Manager-HR Salary 9 - 13 years exp. (5 salaries)	₹12 L/yr - ₹15.5 L/yr 26% more
Fusion Microfinance Senior Manager-HR Salary 10 - 13 years exp. (5 salaries)	₹8.8 L/yr - ₹10.3 L/yr 4% less
Asirvad Microfinance Senior Manager-HR Salary 8 - 15 years exp. (5 salaries)	₹5.2 L/yr - ₹9 L/yr 31% less
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Shriram Finance Senior Manager-HR Salary 9 - 20 years exp. (5 salaries)	₹5 L/yr - ₹10.5 L/yr 29% less
Satin Creditcare Network Senior Manager-HR Salary 7 - 17 years exp. (4 salaries)	₹7 L/yr - ₹13 L/yr 5% less
Bharat Financial Inclusion Senior Manager-HR Salary 9 - 15 years exp. (4 salaries)	₹11 L/yr - ₹16.5 L/yr 34% more
Mahindra Rural Housing Finance Senior Manager-HR Salary 10 - 14 years exp. (4 salaries)	₹13 L/yr - ₹28.5 L/yr 81% more
HDB Financial Services Senior Manager-HR Salary 14 - 16 years exp. (4 salaries)	₹15 L/yr - ₹26 L/yr 94% more
Mahindra Finance Senior Manager-HR Salary 4 - 12 years exp. (3 salaries)	₹10.8 L/yr - ₹23 L/yr 60% more
SK Finance Limited Senior Manager-HR Salary 10 - 13 years exp. (3 salaries)	₹9 L/yr - ₹15.8 L/yr 11% more
Muthoot Finance Senior Manager-HR Salary 15 - 17 years exp. (3 salaries)	₹9.9 L/yr - ₹12.7 L/yr 5% more

Senior Manager-HR salary at Muthoot Microfin ranges between ₹8.1 Lakhs to ₹11.8 Lakhs per year for employees with experience between 6 years to 15 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Senior Manager-HR salaries

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹17.5 L/yr
7 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹17.8 L/yr
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8 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹11.4 L/yr
10 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
11 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.1 L/yr
12 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
13 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹11.8 L/yr
14 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
15+ years (AmbitionBox Estimate)	₹8.2 L/yr - ₹20.1 L/yr

View all

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Salary related reviews for Muthoot Microfin

5.0

Rated by 4 employees for salary & benefits

Deputy Manager HR in New Delhi

Microfinance Department

5.0

• posted on 13 Oct 2018

2.0

for Salary and Benefits

Likes

No Career growth and very less salary... Very poor employees satisfaction

Skill development - Excellent

+2 more

Dislikes

Compensation is decent, but growth is very slow. To work pressure is very high.. I have work to 24 hours straight in a day as I have attend interview very late.Sr.AVP do not value an individual unique strength...overall in my department no any one supported ..

Salary - Poor

+3 more

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

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Muthoot Microfin Senior Manager-HR Salary FAQs

What is the salary of Senior Manager-HR at Muthoot Microfin ?

The average salary of a Senior Manager-HR at Muthoot Microfin in India typically ranges from ₹8.1 Lakhs to ₹11.8 Lakhs per year, depending on experience (from 6 years to 15 years).

The top 10% of Senior Manager-HR at Muthoot Microfin earn more than ₹11.7 Lakhs per year, and the top 1% earn over ₹11.8 Lakhs per year. Senior Manager-HR 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 8 Muthoot Microfin employees in India.

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

The estimated take-home salary of a Senior Manager-HR at Muthoot Microfin in India typically ranges from ₹75,127 to ₹77,072 per month. This is based on the average salary range of ₹8.1 Lakhs to ₹11.8 Lakhs per year for employees with experience ranging from 6 years to 15 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 8 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 Senior Manager-HR in India?

Bajaj Finance	₹20.0 Lakhs to ₹42.6 Lakhs per year
Home Credit Finance	₹17.8 Lakhs to ₹25.0 Lakhs per year
HDB Financial Services	₹15.0 Lakhs to ₹26.0 Lakhs per year
Mahindra Rural Housing Finance	₹13.0 Lakhs to ₹28.5 Lakhs per year
Mahindra Finance	₹10.8 Lakhs to ₹23.0 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.

What is the salary of a Senior Manager-HR in companies similar to Muthoot Microfin in India?

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

SMFG India Credit	₹10.4 Lakhs to ₹18.6 Lakhs per year
Bharat Financial Inclusion	₹11.0 Lakhs to ₹16.5 Lakhs per year
TVS Credit	₹11.0 Lakhs to ₹21.1 Lakhs per year
Muthoot Fincorp	₹8.5 Lakhs to ₹19.2 Lakhs per year
IIFL Finance	₹12.0 Lakhs to ₹15.5 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 Senior Manager-HR at Muthoot Microfin in India?

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

Experience	Average Salary Range
6 years	₹8.1 Lakhs to ₹17.5 Lakhs per year
7 years	₹9.9 Lakhs to ₹17.8 Lakhs per year
8 years	₹9.0 Lakhs to ₹11.3 Lakhs per year
9 years	₹4.1 Lakhs to ₹11.4 Lakhs per year

and so on.

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Muthoot Microfin Senior Manager-HR Salaries

Muthoot Microfin Senior Manager-HR salary in India ranges between ₹8.1 Lakhs to ₹11.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.