Mahindra Finance New Delhi Collections Manager Salaries by 4 Employees

7 - 9 years exp.

₹3.1 Lakhs - ₹4.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

36% less than the average Collections Manager Salary in NBFC Companies for 7 - 9 years of experience

Interested in this particular role? 1 job opening

Last Updated: 26 Dec 2023

Companies similar to Mahindra Finance for Collections Manager in New Delhi

Mahindra Finance Collections Manager Salary

7 - 9 years exp. (4 salaries)

₹3.1 L/yr - ₹4.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Collections Manager Salary 2 - 17 years exp. (90 salaries)	₹3.2 L/yr - ₹8.6 L/yr 70% more	6 job openings
Bajaj Finance Collections Manager Salary 0 - 11 years exp. (44 salaries)	₹2.5 L/yr - ₹7.3 L/yr 44% more
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L&T Finance Collections Manager Salary 4 - 13 years exp. (9 salaries)	₹3.2 L/yr - ₹6 L/yr 52% more
Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (7 salaries)	₹4 L/yr - ₹8 L/yr 55% more
SMFG India Credit Collections Manager Salary 7 - 10 years exp. (7 salaries)	₹4.6 L/yr - ₹7.5 L/yr 41% more
Poonawalla Fincorp Collections Manager Salary 8 - 16 years exp. (4 salaries)	₹3 L/yr - ₹8.5 L/yr 60% more
LendingKart Collections Manager Salary 6 - 12 years exp. (3 salaries)	₹5 L/yr - ₹6.8 L/yr 52% more
Manappuram Finance Collections Manager Salary 15 - 17 years exp. (3 salaries)	₹4.6 L/yr - ₹8 L/yr 28% more
Shriram Finance Collections Manager Salary 5 - 9 years exp. (3 salaries)	₹3 L/yr - ₹5.7 L/yr 17% more

Collections Manager salary at Mahindra Finance ranges between ₹3.1 Lakhs to ₹4.1 Lakhs per year for employees with experience between 7 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collections Manager salaries in New Delhi

Last Updated: 26 Dec 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr

Similar Designation salaries in Mahindra Finance

Relationship Manager Salary

(16 salaries)

₹2.4 L/yr - ₹6 L/yr

Branch Manager Salary

(4 salaries)

₹4.8 L/yr - ₹6.31 L/yr

Collection Officer Salary

(4 salaries)

₹2.5 L/yr - ₹3.37 L/yr

Top skills at Mahindra Finance for Collections Manager

Collections Malayalam Chemical Engineering NBFC MS Office SME Bengali Excel Excel Auto Loans NBFC Collection Management Private Banking Field Collections Recovery Management

Salary related reviews for Mahindra Finance

4.0

Rated by 1 employees for salary & benefits

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 21 Jun 2023

4.0

for Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

Salary - Good

+3 more

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

Promotions - Poor

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Collection Officer in Dehradoon

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

There is nothing to say on this matter... Because its really unworthy to work on this company.

Dislikes

...ny. 4- high authority recommended person will get promoted rather than others. 5- doesn't want to pay their employes good enough as others companies do 6- very poor incentive slabs and criteria. Many more........things to be change..

Salary - Bad

+5 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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Mahindra Finance Collections Manager Salary FAQs

What is the salary of Collections Manager at Mahindra Finance in New Delhi?

The average salary of a Collections Manager at Mahindra Finance in New Delhi typically ranges from ₹3.1 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 7 years to 9 years).

The top 10% of Collections Manager in New Delhi at Mahindra Finance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Collections Manager Salaries at Mahindra Finance 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 Mahindra Finance employees in India.

What is the estimated take home salary of a Collections Manager at Mahindra Finance in New Delhi?

The estimated take-home salary of a Collections Manager at Mahindra Finance in New Delhi typically ranges from ₹27,229 to ₹28,635 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 7 years to 9 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 Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Collections Manager at Mahindra Finance in New Delhi?

To be a Collections Manager at Mahindra Finance in New Delhi, the key skills required include:

- Collections
- Malayalam
- Chemical Engineering
- NBFC
- MS Office

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Finance for Collections Manager in India?

HDB Financial Services	₹3.2 Lakhs to ₹8.6 Lakhs per year
Poonawalla Fincorp	₹3.0 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindra Prime	₹4.0 Lakhs to ₹8.0 Lakhs per year
LendingKart	₹5.0 Lakhs to ₹6.8 Lakhs per year
L&T Finance	₹3.2 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a Collections Manager in companies similar to Mahindra Finance in New Delhi?

The salary of a Collections Manager at companies similar to Mahindra Finance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Finance	₹2.5 Lakhs to ₹7.3 Lakhs per year
SMFG India Credit	₹4.6 Lakhs to ₹7.5 Lakhs per year
Manappuram Finance	₹4.6 Lakhs to ₹8.0 Lakhs per year
Shriram Finance	₹3.0 Lakhs to ₹5.7 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 Collections Manager at Mahindra Finance in New Delhi?

The salary growth for a Collections Manager at Mahindra Finance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Collections Manager in New Delhi can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
7 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
8 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
9 years	₹3.8 Lakhs to ₹4.9 Lakhs per year

and so on.

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Mahindra Finance Collections Manager Salaries in New Delhi

Mahindra Finance Collections Manager salary in New Delhi ranges between ₹3.1 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.