Formula Group Mumbai Salaries by 20+ Employees (Updated 2024)

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Sales & Business Development

Designation	Avg Annual Salary	Open Jobs
Account Manager Client Servicing 10 - 13 years exp. · Mumbai (3 salaries)	₹7.5 L/yr - ₹9 L/yr
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Visa Consultant 7 - 10 years exp. · Mumbai (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Operations Executive 4 - 5 years exp. · Mumbai (AmbitionBox Estimate)	₹3.6 L/yr - ₹4 L/yr
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Client Servicing Executive 6 - 11 years exp. · Mumbai (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
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Immigration Consultant Fresher · Mumbai (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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Supervisor 7 years exp. · Mumbai (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
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Chauffeur 16 years exp. · Mumbai (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Sales Consultant 8 years exp. · Mumbai (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Assistant Manager Client Servicing 8 years exp. · Mumbai (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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Regional Manager 16 years exp. · Mumbai (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
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Senior Executive 10 - 11 years exp. · Mumbai (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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CAR Driver 15 - 20 years exp. · Mumbai (4 salaries)	₹2 L/yr - ₹3.2 L/yr
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Driver 11 - 25 years exp. · Mumbai (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.2 L/yr
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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Salary related reviews for Formula Group

5.0

Rated by 3 employees for salary & benefits

Manager in Hyderabad / Secunderabad

Customer Success, Service & Operations Department

1.0

• posted on 30 May 2022

1.0

for Salary and Benefits

Likes

You just work like slave for no appreciation or salary - what the company pays you it's better what swiggy or zomato pays to their employees. The work culture is horrible and no career growth.

Dislikes

Management

Customer Service Executive in New Delhi

Customer Success, Service & Operations Department

2.0

• posted on 09 Mar 2019

2.0

for Salary and Benefits

Likes

Supportive team members, salary date is fixed ,provide health insurance ,

Dislikes

No job security, salary dedductions , no career growth , no IJP , appraisal depends upon other things not on our capability , politics ..politics ...politics ...

Sr. Supervisor Fleet Operations in New Delhi

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2020

4.0

for Salary and Benefits

Likes

Good work environment, Teammates & management arn"t supportive. There is biggest drawbacks is that your teammates finds your mistakes like that they are going to get award for that.

Dislikes

There is a lot of politics and the HR team doesn't address our issue, Salary is decent but career growth is slow.

Senior Executive in New Delhi

Full Time

Legal & Regulatory Department

2.0

• posted on 02 Oct 2024

2.0

for Salary and Benefits

Likes

Just the company name and logo.

Dislikes

Employee benefits. They just make you work, they will never take you for outing and plus only the Manager and above level are invited for their office parties. We will do the hard work and the Manager and above level will enjoy the success parties. Keep it up FORMULA.

Senior Executive Operations in Mumbai

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

Salary is getting on time

Dislikes

Mumbai operations manager Wilson Pinto is a selfish manager who never helps the team. Whenever team is in trouble he find the way to blame and target specific individuals. Due to this behaviour almost 6 good employees has been resigned Karan, Raju, Sarfaraz, Niranjan, Deepak and Anil.

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Formula Group interview questions by designations

National Sales Manager (1)Senior Immigration Consultant (1)Light Vehicle Driver (1)

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Know more about Formula Group Mumbai

Formula Group Salary FAQs

How much does Formula Group pay per year?

The average Formula Group salary ranges from approximately ₹1.8 Lakh to ₹4 Lakhs per year for a CAR Driver and ₹6.6 Lakhs to ₹15.3 Lakhs per year for a Manager. Salary estimates are based on 23 Formula Group salaries received from various employees of Formula Group. Formula Group employees rate the overall salary and benefits package 5.0/5 stars.

What is the highest salary in Formula Group?

The highest-paying job at Formula Group is a Manager with a salary of ₹6.6 Lakhs to ₹15.3 Lakhs per year. The top 10% of employees earn more than ₹8.94 lakhs per year. The top 1% earn more than a whopping ₹18.40 lakhs per year.

What is the minimum salary in Formula Group?

Minimum salary at Formula Group depends on the role you are applying for. For CAR Driver the minimum salary is ₹1.8 Lakh to ₹4 Lakhs per year, and for Driver the minimum salary is ₹1.9 Lakh to ₹4 Lakhs per year and so on.

What is the notice period at Formula Group in Mumbai?

According to AmbitionBox, 60% of the Formula Group employees in Mumbai reported a notice period of 1 Month, 40% reported a notice period of 15 days or less.This is based on 20 responses on AmbitionBox in last 2 years.

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Formula Group Mumbai Salaries by Department

Average annual salary in Formula Group , Mumbai is INR . Salary estimates are based on 23 Formula Group latest salaries received from various employees of Formula Group.