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Mahindra Finance

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Mahindra Finance Recovery Manager salaries in India

Annual salary range
4 - 11 years exp.
₹3.1 Lakhs - ₹4.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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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)
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₹3.1 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Recovery Manager Salary
11 years exp. (AmbitionBox Estimate)
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₹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
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Bajaj Finance Recovery Manager Salary

1 - 8 years exp. (7 salaries)

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₹3.5 L/yr - ₹6.2 L/yr

arrow icon 20% more
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HDFC Bank Recovery Manager Salary

5 - 18 years exp. (17 salaries)

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₹3.5 L/yr - ₹13.5 L/yr

arrow icon 93% more
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Shriram Finance Recovery Manager Salary

4 - 14 years exp. (28 salaries)

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₹2 L/yr - ₹6 L/yr

arrow icon 7% less
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Edelweiss Recovery Manager Salary

10 - 15 years exp. (3 salaries)

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₹3 L/yr - ₹5.4 L/yr

arrow icon 17% more
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₹4 L/yr - ₹4.5 L/yr

arrow icon 8% more
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PNB Housing Finance Recovery Manager Salary

2 - 10 years exp. (10 salaries)

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₹3 L/yr - ₹6 L/yr

arrow icon 30% more
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SMFG India Credit Recovery Manager Salary

3 - 9 years exp. (10 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 2% less
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Poonawalla Fincorp Recovery Manager Salary

12 - 30 years exp. (4 salaries)

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₹5.7 L/yr - ₹9.3 L/yr

arrow icon 95% more
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Manappuram Finance Recovery Manager Salary

8 - 23 years exp. (3 salaries)

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₹3 L/yr - ₹7.5 L/yr

arrow icon 84% more
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Kotak Mahindra Prime Recovery Manager Salary

4 - 6 years exp. (3 salaries)

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₹3.6 L/yr - ₹4.3 L/yr

arrow icon 2% less
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₹1.7 L/yr - ₹2.4 L/yr

arrow icon 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.

Latest annual salaries shared by Mahindra Finance Recovery Manager

1mo ago
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7 years exp.
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11 years exp.
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5 years exp.
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4 years exp.

Experience wise Mahindra Finance Recovery Manager salaries

Last Updated: 28 Nov 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
View all

Similar Designation salaries in Mahindra Finance

Cluster Manager Salary
(34 salaries)
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₹6.5 L/yr - ₹16 L/yr
Deputy Manager Salary
(234 salaries)
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₹4.04 L/yr - ₹11.5 L/yr
Agency Manager Salary
(AmbitionBox Estimate)
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₹4.9 L/yr - ₹6.2 L/yr
Area Manager Salary
(96 salaries)
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₹3.08 L/yr - ₹12.5 L/yr
Branch Manager Salary
(163 salaries)
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₹2.05 L/yr - ₹9.1 L/yr
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₹1.5 L/yr - ₹5.5 L/yr
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₹2.2 L/yr - ₹6 L/yr
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₹3.75 L/yr - ₹11.55 L/yr
Team Lead Salary
(36 salaries)
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₹2.2 L/yr - ₹5.5 L/yr
Branch Receivable Manager Salary
(AmbitionBox Estimate)
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₹4.8 L/yr - ₹6.1 L/yr

Salary related reviews for Mahindra Finance

3.0

Rated by 3 employees for salary & benefits

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

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.

read more
  • Salary - Good
  • +3 more

Dislikes

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

read more
  • Promotions - Poor

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

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..

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Salary - Excellent
  • +5 more

Dislikes

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

read more
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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.

Tell us how to improve this page.

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