Mahindra Finance Recovery Manager Salaries by 5 Employees

4 - 11 years exp.

₹3.1 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

27% 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
Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 7% less
PNB Housing Finance Recovery Manager Salary 2 - 10 years exp. (10 salaries)	₹3 L/yr - ₹6 L/yr 30% more
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SMFG India Credit Recovery Manager Salary 3 - 9 years exp. (10 salaries)	₹2.5 L/yr - ₹5 L/yr 2% less
Bajaj Finance Recovery Manager Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹6.2 L/yr 20% more
HDB Financial Services Recovery Manager Salary 4 - 14 years exp. (7 salaries)	₹4.5 L/yr - ₹6.6 L/yr 45% more
Sammaan Capital Limited Recovery Manager Salary 5 - 11 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 8% more
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

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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₹2.2 L/yr - ₹6 L/yr

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Salary related reviews for Mahindra Finance

3.0

Rated by 3 employees for salary & benefits

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.

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Mahindra Finance ?

The average salary of a Recovery Manager at Mahindra Finance in India typically ranges from ₹3.1 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of Recovery Manager at Mahindra Finance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Recovery 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 5 Mahindra Finance employees in India.

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 in India typically ranges from ₹28,749 to ₹30,132 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 4 years to 11 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 5 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Poonawalla Fincorp	₹5.7 Lakhs to ₹9.3 Lakhs per year
Manappuram Finance	₹3.0 Lakhs to ₹7.5 Lakhs per year
HDB Financial Services	₹4.5 Lakhs to ₹6.6 Lakhs per year
PNB Housing Finance	₹3.0 Lakhs to ₹6.0 Lakhs per year
Bajaj Finance	₹3.5 Lakhs to ₹6.2 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 Recovery Manager in companies similar to Mahindra Finance in India?

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

Sammaan Capital Limited	₹4.0 Lakhs to ₹4.5 Lakhs per year
SMFG India Credit	₹2.5 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Prime	₹3.6 Lakhs to ₹4.3 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹6.0 Lakhs per year
Mahindra Rural Housing Finance	₹1.7 Lakhs to ₹2.4 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 Recovery Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
4 years	₹3.1 Lakhs to ₹5.8 Lakhs per year
5 years	₹1.4 Lakhs to ₹3.6 Lakhs per year
6 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
7 years	₹1.5 Lakhs to ₹4.0 Lakhs per year

and so on.

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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.