Indoco Remedies Mumbai Sales Manager Salaries by 7 Employees (Updated 2025)

14 - 24 years exp.

₹12 Lakhs - ₹21 Lakhs

Avg. annual salary

Monthly In-hand Salary

137% more than the average Sales Manager Salary in Pharma Companies for 14 - 24 years of experience

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Last Updated: 19 Jan 2025

Companies similar to Indoco Remedies for Sales Manager in Mumbai

Indoco Remedies Sales Manager Salary

14 - 24 years exp. (7 salaries)

₹12 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
Alembic Pharmaceuticals Sales Manager Salary 16 - 23 years exp. (15 salaries)	₹21.5 L/yr - ₹36.5 L/yr 95% more
Cadila Pharmaceuticals Sales Manager Salary 11 - 20 years exp. (12 salaries)	₹8 L/yr - ₹16.8 L/yr 9% less
Login to view exact salary
Glenmark Pharmaceuticals Sales Manager Salary 18 - 24 years exp. (10 salaries)	₹17.6 L/yr - ₹31.5 L/yr 48% more	1 job opening
Alkem Laboratories Sales Manager Salary 16 - 25 years exp. (10 salaries)	₹22 L/yr - ₹33.2 L/yr 75% more
Lupin Sales Manager Salary 17 - 22 years exp. (8 salaries)	₹16.7 L/yr - ₹31 L/yr 40% more	1 job opening
Dr. Reddy's Sales Manager Salary 15 - 28 years exp. (8 salaries)	₹10 L/yr - ₹29 L/yr 26% more
Cipla Sales Manager Salary 5 - 18 years exp. (8 salaries)	₹4.5 L/yr - ₹14 L/yr 40% less
Ajanta Pharma Sales Manager Salary 8 - 17 years exp. (7 salaries)	₹6 L/yr - ₹17.4 L/yr 21% less
Intas Pharmaceuticals Sales Manager Salary 15 - 21 years exp. (5 salaries)	₹7.8 L/yr - ₹16.1 L/yr 8% less
Sun Pharmaceutical Industries Sales Manager Salary 18 - 23 years exp. (4 salaries)	₹15.1 L/yr - ₹31 L/yr 54% more
Abbott Sales Manager Salary 2 - 6 years exp. (4 salaries)	₹4.8 L/yr - ₹12.2 L/yr 48% less	2 job openings
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Sales Manager salary at Indoco Remedies ranges between ₹12 Lakhs to ₹21 Lakhs per year for employees with experience between 14 years to 24 years. Salary estimates are based on 7 latest salaries received from various employees of Indoco Remedies.

Experience wise Indoco Remedies Sales Manager salaries in Mumbai

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.2 L/yr
Login to view exact salary
15+ years (6 salaries)	₹12 L/yr - ₹18 L/yr

Similar Designation salaries in Indoco Remedies

Deputy Manager Salary

(18 salaries)

₹8.5 L/yr - ₹15.7 L/yr

Area Sales Manager Salary

(9 salaries)

₹4.75 L/yr - ₹7.2 L/yr

Marketing Manager Salary

(5 salaries)

₹10 L/yr - ₹19 L/yr

Zonal Sales Manager Salary

(3 salaries)

₹12.5 L/yr - ₹13.19 L/yr

Salary related reviews for Indoco Remedies

3.8

Rated by 4 employees for salary & benefits

Area Sales Manager in Mumbai

Spera Department

3.0

• posted on 09 Aug 2021

2.0

for Salary and Benefits

Likes

Good brands,salary comes in time.overall company is good, but still old school management.

Dislikes

...due to lots of formats you need to fill,same thing is asked in different format.salary is not up to the industry standards.

Salary - Poor

+3 more

Senior Officer in Mumbai

Full Time

Research & Development Department

3.0

• posted on 29 Jul 2024

2.0

for Salary and Benefits

Likes

Five day working. Best for Womens. Extra activities taken by HR are great. Having cultural events which only allows to perform head offices employees and HRs fevorite employee.

Dislikes

...s health issue is directly fired without any notice, so no work security at all. Also higher package employees are asked for leaving company and tortured. They recruiting contract base persons even if they hold post degrees, in less sallery.

Salary - Poor

+5 more

IT Officer in Navi Mumbai

Full Time

IT & Information Security Department

1.0

• posted on 25 May 2023

1.0

for Salary and Benefits

Likes

Salary On Time

Dislikes

Worst Managment Worst HR policy Mr,Pravin Bothare he is HR manager , i dont no who hire him .. he is totally bulshit isko to bahar nikal dena chahiyee ek no ka gawthiii person he.. Isko kuch atta to nhi he khali chugli krta he managment koo..!

Salary - Bad

+6 more

Field Officer in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Salary on time and learning

Job security - Good

Dislikes

Late sitting in R n D center Rabale mumbai as boss is coming late and sitting g upto 8 o clock of night and expecting his colleagues to sit till 8 in night though we are coming at 8.30 in morning.

Salary - Bad

+3 more

Divisional Business Manager in Lucknow

Full Time

Sales & Business Development Department

2.0

• posted on 31 Jan 2025

5.0

for Salary and Benefits

Likes

Salary is pretty good and working here helps to build your skills.

Salary - Excellent

+3 more

Dislikes

The work-culture is very poor. Seniors are prone to bring their people and the role of HR is totally zero. He listens what others tell him. And they always judge the cover not the book.

Job security - Bad

+2 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Indoco Remedies Sales Manager Salary FAQs

What is the salary of Sales Manager at Indoco Remedies in Mumbai?

The average salary of a Sales Manager at Indoco Remedies in Mumbai typically ranges from ₹12.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 14 years to 24 years).

The top 10% of Sales Manager in Mumbai at Indoco Remedies earn more than ₹20.4 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Sales Manager Salaries at Indoco Remedies 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 7 Indoco Remedies employees in India.

What is the estimated take home salary of a Sales Manager at Indoco Remedies in Mumbai?

The estimated take-home salary of a Sales Manager at Indoco Remedies in Mumbai typically ranges from ₹1,11,287 to ₹1,14,373 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 14 years to 24 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 7 salaries received from various employees of Indoco Remedies. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Indoco Remedies for Sales Manager in India?

Alembic Pharmaceuticals	₹21.5 Lakhs to ₹36.5 Lakhs per year
Alkem Laboratories	₹22.0 Lakhs to ₹33.2 Lakhs per year
Sun Pharmaceutical Industries	₹15.1 Lakhs to ₹31.0 Lakhs per year
Glenmark Pharmaceuticals	₹17.6 Lakhs to ₹31.5 Lakhs per year
Lupin	₹16.7 Lakhs to ₹31.0 Lakhs per year

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

What is the salary of a Sales Manager in companies similar to Indoco Remedies in Mumbai?

The salary of a Sales Manager at companies similar to Indoco Remedies in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Dr. Reddy's	₹10.0 Lakhs to ₹29.0 Lakhs per year
Intas Pharmaceuticals	₹7.8 Lakhs to ₹16.1 Lakhs per year
Cadila Pharmaceuticals	₹8.0 Lakhs to ₹16.8 Lakhs per year
Ajanta Pharma	₹6.0 Lakhs to ₹17.4 Lakhs per year
Cipla	₹4.5 Lakhs to ₹14.0 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 Sales Manager at Indoco Remedies in Mumbai?

The salary growth for a Sales Manager at Indoco Remedies in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sales Manager in Mumbai can expect the following growth trajectory at Indoco Remedies:

Experience	Average Salary Range
14 years	₹15.8 Lakhs to ₹20.2 Lakhs per year
15 years	₹12.0 Lakhs to ₹18.0 Lakhs per year

and so on.

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Indoco Remedies Sales Manager Salaries in Mumbai

Indoco Remedies Sales Manager salary in Mumbai ranges between ₹12 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Indoco Remedies latest salaries received from various employees of Indoco Remedies.