Cholamandalam Investment & Finance Area Recovery Manager Salaries by 7 Employees (Updated 2025)

5 - 11 years exp.

₹5.7 Lakhs - ₹9.3 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Area Recovery Manager Salary in Financial Services Companies for 5 - 11 years of experience

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Salaries in different departments

Finance & Accounting Area Recovery Manager Salary 5 - 9 years exp. (5 salaries)	₹5.7 L/yr - ₹8.4 L/yr
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Sales & Business Development Area Recovery Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹9.3 L/yr

Last Updated: 28 Mar 2024

Companies similar to Cholamandalam Investment & Finance for Area Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Area Recovery Manager Salary 12 - 17 years exp. (4 salaries)	₹8.5 L/yr - ₹13 L/yr 65% more
HDFC Bank Area Recovery Manager Salary 6 - 18 years exp. (3 salaries)	₹6.5 L/yr - ₹9 L/yr 21% more
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Edelweiss Area Recovery Manager Salary 15 - 16 years exp. (4 salaries)	₹10.7 L/yr - ₹11 L/yr 62% more
Piramal Capital Housing Finance Area Recovery Manager Salary 12 - 19 years exp. (15 salaries)	₹6.5 L/yr - ₹13.2 L/yr 63% more
Muthoot Fincorp Area Recovery Manager Salary 5 - 11 years exp. (10 salaries)	₹3.5 L/yr - ₹5 L/yr 37% less

Area Recovery Manager salary at Cholamandalam Investment & Finance ranges between ₹5.7 Lakhs to ₹9.3 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Area Recovery Manager salaries

Last Updated: 28 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹10.6 L/yr
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7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹11.4 L/yr
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹8.4 L/yr
10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹9.3 L/yr

View all

Similar Designation salaries in Cholamandalam Investment & Finance

Recovery Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Area Debt Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Area Collection Manager Salary

(203 salaries)

₹4 L/yr - ₹16.8 L/yr

Agency Manager Salary

(4 salaries)

₹4 L/yr - ₹4.2 L/yr

Area Manager Salary

(72 salaries)

₹5.1 L/yr - ₹16.5 L/yr

Branch Manager Salary

(71 salaries)

₹2.75 L/yr - ₹10.5 L/yr

Collections Manager Salary

(63 salaries)

₹2 L/yr - ₹9.13 L/yr

Cluster Manager Salary

(4 salaries)

₹9.59 L/yr - ₹13 L/yr

Deputy Manager Salary

(160 salaries)

₹1.98 L/yr - ₹5.35 L/yr

Relationship Manager Salary

(172 salaries)

₹2 L/yr - ₹6 L/yr

Salary related reviews for Cholamandalam Investment & Finance

4.7

Rated by 2 employees for salary & benefits

Area Recovery Manager in Jamshedpur

BFSI, Investments & Trading Department

1.0

• posted on 05 Jun 2020

1.0

for Salary and Benefits

Likes

... plan to cut more jobs in this scenario , their behavior is also not supportive. I lost my job , no salary , my full & final is getting delayed by HR... Still I am fighting to get my f&f.

Dislikes

No ethical, non cooperative.

Salary - Bad

+6 more

Relationship Manager in Ranchi

Full Time

Finance & Accounting Department

1.0

• posted on 01 Oct 2024

1.0

for Salary and Benefits

Likes

There is literally nothing to like about Cholamandalam Investment & Finance.

Dislikes

...They'll just force you everytime for no reason, company is full of backstabbers. Not even paid my Bonus Amount for this financial year, after mailing me the details with entire amount, they kept the money.

Salary - Bad

+6 more

Collections Manager in Bhadrak

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 02 May 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company polices are good, appraisals are fair and they give good salaryhike and bonus every year.

Salary - Excellent

+6 more

Dislikes

No issue to dislike

Collections Manager in Kurnool

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 12 Sep 2018

3.0

for Salary and Benefits

Likes

Good team work,good training,secured job, better growth, excellent salary growth, politics also high, good learning, good work environment, implementation New ideas,we can balance work and life

Job security - Good

+3 more

Dislikes

Management will not considered hord workers

Sales Executive in Hindaun City

Sales & Business Development Department

5.0

• posted on 16 Feb 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling.conpany policies are good appraisal are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of Politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 year before which. which you cannot resign. On the job training is not given to new joinees

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What people are saying about Cholamandalam Investment & Finance

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a head branch credit ops

Career Suggestions.

I am a Credit Officer working in a NBFC Company since last 5 years. In the last 5 years of my period I have gathered lots of experience in the field of Finance. But the biggest concern is though I gathered a lot of experience my CTC is 3.0 LPA. Though I got the opportunity to swap my company. I am confused about what I do. Please advise?

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Cholamandalam Investment & Finance Area Recovery Manager Salary FAQs

What is the salary of Area Recovery Manager at Cholamandalam Investment & Finance?

Area Recovery Manager salary at Cholamandalam Investment & Finance in India ranges between ₹5.7 Lakhs to ₹9.3 Lakhs for experience between 5 years to 11 years. According to our estimates it is 22% less than the average Area Recovery Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Cholamandalam Investment & Finance India.

How does the salary of a Area Recovery Manager at Cholamandalam Investment & Finance India compare with the average salary range for this job?

The average salary of a Area Recovery Manager at Cholamandalam Investment & Finance is 22% less than the average salary of a Area Recovery Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Cholamandalam Investment & Finance to a Area Recovery Manager in India?

Bajaj Finance Area Recovery Manager Salary - ₹8.5 Lakhs to ₹13.0 Lakhs per year
Piramal Capital Housing Finance Area Recovery Manager Salary - ₹6.5 Lakhs to ₹13.2 Lakhs per year
Edelweiss Area Recovery Manager Salary - ₹10.7 Lakhs to ₹11.0 Lakhs per year
HDFC Bank Area Recovery Manager Salary - ₹6.5 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Area Recovery Manager in companies similar to Cholamandalam Investment & Finance in India?

Muthoot Fincorp Area Recovery Manager Salary - ₹3.5 Lakhs to ₹5.0 Lakhs per year

What is the estimated take home salary of a Area Recovery Manager at Cholamandalam Investment & Finance in India?

The estimated take-home salary of a Area Recovery Manager at Cholamandalam Investment & Finance ranges between ₹51,123 per month to ₹52,329 per month in India. The take-home salary calculation is based on the average Cholamandalam Investment & Finance Area Recovery Manager salary in India which ranges between ₹5.7 Lakhs to ₹9.3 Lakhs per year for employees with experience between 5 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Area Recovery Manager at Cholamandalam Investment & Finance?

According to AmbitionBox, 70% of the Cholamandalam Investment & Finance Area Recovery Managers reported a notice period of 3 Months, 20% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Cholamandalam Investment & Finance Area Recovery Manager Salaries

Cholamandalam Investment & Finance Area Recovery Manager salary in India ranges between ₹5.7 Lakhs to ₹9.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Cholamandalam Investment & Finance latest salaries received from various employees of Cholamandalam Investment & Finance.

Cholamandalam Investment & Finance Area Recovery Manager salaries in India

Companies similar to Cholamandalam Investment & Finance for Area Recovery Manager

Latest annual salaries shared by Cholamandalam Investment & Finance Area Recovery Manager

Experience wise Cholamandalam Investment & Finance Area Recovery Manager salaries

Similar Designation salaries in Cholamandalam Investment & Finance

Salary related reviews for Cholamandalam Investment & Finance

Area Recovery Manager in Jamshedpur

Relationship Manager in Ranchi

Collections Manager in Bhadrak

Collections Manager in Kurnool

Sales Executive in Hindaun City

Cholamandalam Investment & Finance Area Recovery Manager Salary FAQs

Tell us how to improve this page.