Mahindra Finance Recovery Manager Salaries by 5 Employees (Updated 2025)

4 - 11 years exp.

₹3.1 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

28% less than the average Recovery Manager Salary in NBFC Companies for 4 - 11 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 4 - 7 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Recovery Manager Salary 11 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 28 Nov 2024

Companies similar to Mahindra Finance for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Recovery Manager Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹6.2 L/yr 20% more
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹13.5 L/yr 93% more
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Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 7% less
Edelweiss Recovery Manager Salary 10 - 15 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 17% more
Sammaan Capital Limited Recovery Manager Salary 5 - 11 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 8% more
PNB Housing Finance Recovery Manager Salary 2 - 10 years exp. (10 salaries)	₹3 L/yr - ₹6 L/yr 30% more
SMFG India Credit Recovery Manager Salary 3 - 9 years exp. (10 salaries)	₹2.5 L/yr - ₹5 L/yr 2% less
Poonawalla Fincorp Recovery Manager Salary 12 - 30 years exp. (4 salaries)	₹5.7 L/yr - ₹9.3 L/yr 95% more
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 84% more
Kotak Mahindra Prime Recovery Manager Salary 4 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.3 L/yr 2% less
Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 47% less
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Recovery Manager salary at Mahindra Finance ranges between ₹3.1 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Recovery Manager salaries

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.6 L/yr
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6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
10 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
11 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.5 L/yr

View all

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Area Collection Manager Salary

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Salary related reviews for Mahindra Finance

3.0

Rated by 3 employees for salary & benefits

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.

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

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

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Mahindra Finance Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Mahindra Finance?

Recovery Manager salary at Mahindra Finance in India ranges between ₹3.1 Lakhs to ₹4.5 Lakhs for experience between 4 years to 11 years. According to our estimates it is 28% less than the average Recovery Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Recovery Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Recovery Manager at Mahindra Finance is 28% less than the average salary of a Recovery Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Recovery Manager in India?

Poonawalla Fincorp Recovery Manager Salary - ₹5.7 Lakhs to ₹9.3 Lakhs per year
HDFC Bank Recovery Manager Salary - ₹3.5 Lakhs to ₹13.5 Lakhs per year
Manappuram Finance Recovery Manager Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year
PNB Housing Finance Recovery Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
Bajaj Finance Recovery Manager Salary - ₹3.5 Lakhs to ₹6.2 Lakhs per year

What is the salary of a Recovery Manager in companies similar to Mahindra Finance in India?

Edelweiss Recovery Manager Salary - ₹3.0 Lakhs to ₹5.4 Lakhs per year
Sammaan Capital Limited Recovery Manager Salary - ₹4.0 Lakhs to ₹4.5 Lakhs per year
SMFG India Credit Recovery Manager Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Prime Recovery Manager Salary - ₹3.6 Lakhs to ₹4.3 Lakhs per year
Shriram Finance Recovery Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Recovery Manager at Mahindra Finance in India?

The estimated take-home salary of a Recovery Manager at Mahindra Finance ranges between ₹28,749 per month to ₹30,132 per month in India. The take-home salary calculation is based on the average Mahindra Finance Recovery Manager salary in India which ranges between ₹3.1 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Recovery Manager at Mahindra Finance?

According to AmbitionBox, 100% of the Mahindra Finance Recovery Managers reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra Finance Recovery Manager Salaries

Mahindra Finance Recovery Manager salary in India ranges between ₹3.1 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.