SMFG India Credit Business Manager Salaries by 4 Employees (Updated 2025)

1 - 8 years exp.

₹6 Lakhs - ₹26.2 Lakhs

Low Confidence

Salary of majority employees

Fixed (83%)

₹13.6 Lakhs

Variable (17%)

₹2.8 Lakhs

46% more than the average Business Manager Salary in NBFC Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Manager Salary 8 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.3 L/yr
Product Management Business Manager Salary 3 years exp. (AmbitionBox Estimate)	₹11.3 L/yr - ₹13.8 L/yr
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Sales & Business Development Business Manager Salary 3 years exp. (AmbitionBox Estimate)	₹23.6 L/yr - ₹28.9 L/yr

Last Updated: 4 Mar 2025

Companies similar to SMFG India Credit for Business Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Manager Salary 2 - 9 years exp. (3 salaries)	₹5.5 L/yr - ₹9 L/yr 46% less
ICICI Bank Business Manager Salary 0 - 12 years exp. (20 salaries)	₹3.5 L/yr - ₹10 L/yr 64% less
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Tata Capital Business Manager Salary 1 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹6.2 L/yr 65% less
Mahindra Finance Business Manager Salary 3 - 11 years exp. (21 salaries)	₹2.5 L/yr - ₹10.8 L/yr 63% less
Shriram Finance Business Manager Salary 6 - 13 years exp. (35 salaries)	₹3 L/yr - ₹9 L/yr 69% less
L&T Finance Business Manager Salary 2 - 10 years exp. (233 salaries)	₹3.4 L/yr - ₹9.1 L/yr 61% less
Reliance Capital Business Manager Salary 1 - 7 years exp. (6 salaries)	₹5.3 L/yr - ₹13 L/yr 48% less
Edelweiss Business Manager Salary 2 - 10 years exp. (8 salaries)	₹4.2 L/yr - ₹8.5 L/yr 56% less
IIFL Finance Business Manager Salary 1 - 4 years exp. (5 salaries)	₹5.5 L/yr - ₹7 L/yr 60% less
Fusion Microfinance Business Manager Salary 6 - 7 years exp. (4 salaries)	₹5.6 L/yr - ₹6 L/yr 65% less
Bharat Financial Inclusion Business Manager Salary 0 - 24 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 85% less
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IIFL SAMASTA Business Manager Salary 1 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹9.2 L/yr 72% less
Muthoot Fincorp Business Manager Salary 6 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹8 L/yr 65% less
TVS Credit Business Manager Salary 10 - 14 years exp. (3 salaries)	₹3 L/yr - ₹5.8 L/yr 72% less
HDB Financial Services Business Manager Salary 2 - 16 years exp. (3 salaries)	₹3 L/yr - ₹5.3 L/yr 74% less

Business Manager salary at SMFG India Credit ranges between ₹6 Lakhs to ₹26.2 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 4 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Business Manager salaries

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹26 L/yr - ₹47.2 L/yr
2 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.5 L/yr
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3 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹26.2 L/yr
4 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
5 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
6 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
7 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹10.9 L/yr

View all

Similar Designation salaries in SMFG India Credit

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(5 salaries)

₹9.55 L/yr - ₹11 L/yr

Branch Manager Salary

(46 salaries)

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Sales Manager Salary

(222 salaries)

₹1.8 L/yr - ₹10 L/yr

Regional Manager Salary

(6 salaries)

₹11.8 L/yr - ₹23.4 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Area Manager Salary

(10 salaries)

₹9.1 L/yr - ₹16.93 L/yr

Deputy Manager Salary

(6 salaries)

₹3.85 L/yr - ₹7.43 L/yr

Territory Manager Salary

(30 salaries)

₹3.6 L/yr - ₹11.98 L/yr

Area Sales Manager Salary

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₹9.1 L/yr - ₹22 L/yr

Marketing Manager Salary

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₹3 L/yr - ₹9.7 L/yr

Salary related reviews for SMFG India Credit

4.0

Rated by 1 employees for salary & benefits

Sales Manager in Kadapa

Full Time

Sales & Business Development Department

5.0

• posted on 22 Mar 2024

5.0

for Salary and Benefits

Likes

I'm happy to work with SMFG company this company is excellent for every employee good salary very good incentives and also good growth 📈 working here thanks to big opportunity for me SMFG india credit

Salary - Excellent

+6 more

Dislikes

Nothing dislike this company it's a very good company more than other NBFC companies

Sales Manager in Chhindwara

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2023

3.0

for Salary and Benefits

Likes

There are many products here from which we get a lot of knowledge

Skill development - Excellent

+5 more

Dislikes

The salary that should have been received according to the work was not known! When the full salary was not received even after completing the achievement goal.

Sales Manager in Jorhat

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 May 2022

5.0

for Salary and Benefits

Likes

...'s worst to selling product due to high interest rate and poor customer service. Other hand, Employees are getting good salary and other benefits.

Salary - Excellent

+4 more

Dislikes

Poor customer service &high interest rate

Area Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

Salary - Excellent

+6 more

Dislikes

Only system issues and software not working properly. IT issue.

Sales Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• posted on 16 Sep 2023

4.0

for Salary and Benefits

Likes

Nice company.work condition is good. Get good insentive. Hear work and family can manage easily time manage.

Salary - Good

+2 more

Dislikes

...policy. Company hold the old staff. they can't support new join . No pramotions. They not pay TA DA expenses properly.

Skill development - Bad

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

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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SMFG India Credit Business Manager Salary FAQs

What is the salary of Business Manager at SMFG India Credit ?

The average salary of a Business Manager at SMFG India Credit in India typically ranges from ₹6.0 Lakhs to ₹26.2 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Business Manager at SMFG India Credit earn more than ₹26.2 Lakhs per year, and the top 1% earn over ₹26.2 Lakhs per year. Business Manager Salaries at SMFG India Credit 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 SMFG India Credit employees in India.

What is the estimated take home salary of a Business Manager at SMFG India Credit in India?

The estimated take-home salary of a Business Manager at SMFG India Credit in India typically ranges from ₹1,11,502 to ₹1,14,595 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹26.2 Lakhs per year for employees with experience ranging from 1 year to 8 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 SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Business Manager in companies similar to SMFG India Credit in India?

The salary of a Business Manager at companies similar to SMFG India Credit in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹5.5 Lakhs to ₹9.0 Lakhs per year
Reliance Capital	₹5.3 Lakhs to ₹13.0 Lakhs per year
Edelweiss	₹4.2 Lakhs to ₹8.5 Lakhs per year
IIFL Finance	₹5.5 Lakhs to ₹7.0 Lakhs per year
L&T Finance	₹3.4 Lakhs to ₹9.1 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 Business Manager at SMFG India Credit in India?

The salary growth for a Business Manager at SMFG India Credit depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at SMFG India Credit:

Experience	Average Salary Range
1 year	₹26.0 Lakhs to ₹47.2 Lakhs per year
2 years	₹21.5 Lakhs to ₹27.5 Lakhs per year
3 years	₹12.5 Lakhs to ₹26.2 Lakhs per year
4 years	₹16.1 Lakhs to ₹20.6 Lakhs per year

and so on.

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SMFG India Credit Business Manager Salaries

SMFG India Credit Business Manager salary in India ranges between ₹6 Lakhs to ₹26.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SMFG India Credit latest salaries received from various employees of SMFG India Credit.