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Mahindra Finance Territory Manager salaries in India

Annual salary range
7 - 16 years exp.
₹5 Lakhs - ₹10.3 Lakhs
Salary of majority employees
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At par with the average Territory Manager Salary in NBFC Companies for 7 - 16 years of experience

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Salaries in different departments

Finance & Accounting
Territory Manager Salary
7 - 16 years exp. (6 salaries)
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₹5 L/yr - ₹9.5 L/yr

Sales & Business Development
Territory Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹8.2 L/yr - ₹8.6 L/yr

Last Updated: 15 Mar 2023

Companies similar to Mahindra Finance for Territory Manager

Company name Avg Annual Salary Open Jobs
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HDB Financial Services Territory Manager Salary

3 - 16 years exp. (351 salaries)

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₹3 L/yr - ₹10.5 L/yr

arrow icon 14% less
15 job openings
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TVS Credit Territory Manager Salary

4 - 13 years exp. (214 salaries)

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₹3 L/yr - ₹7.7 L/yr

arrow icon 20% less
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₹4.5 L/yr - ₹13.1 L/yr

arrow icon 17% more
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IIFL Finance Territory Manager Salary

10 - 18 years exp. (177 salaries)

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₹5 L/yr - ₹13 L/yr

arrow icon 17% more
1 job opening
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L&T Finance Territory Manager Salary

6 - 13 years exp. (165 salaries)

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₹4.2 L/yr - ₹10 L/yr

At par
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₹3 L/yr - ₹6 L/yr

arrow icon 39% less
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₹2 L/yr - ₹5.5 L/yr

arrow icon 51% less
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SMFG India Credit Territory Manager Salary

5 - 15 years exp. (30 salaries)

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₹3.6 L/yr - ₹12 L/yr

At par
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Muthoot Fincorp Territory Manager Salary

7 - 14 years exp. (7 salaries)

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₹6.7 L/yr - ₹9.6 L/yr

arrow icon 11% more
1 job opening
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₹12 L/yr - ₹17 L/yr

arrow icon 95% more
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Poonawalla Fincorp Territory Manager Salary

4 - 20 years exp. (7 salaries)

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₹4.5 L/yr - ₹14 L/yr

arrow icon 24% more
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Sundaram Finance Territory Manager Salary

16 - 21 years exp. (6 salaries)

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₹17 L/yr - ₹23.5 L/yr

arrow icon 162% more
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Muthoot Finance Territory Manager Salary

15 - 20 years exp. (5 salaries)

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₹6 L/yr - ₹8.5 L/yr

arrow icon 5% more
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₹5.8 L/yr - ₹9.7 L/yr

arrow icon 1% more
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Shriram Finance Territory Manager Salary

5 - 11 years exp. (4 salaries)

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₹4.3 L/yr - ₹10 L/yr

arrow icon 19% less
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Bajaj Finance Territory Manager Salary

2 - 14 years exp. (4 salaries)

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₹5.5 L/yr - ₹7 L/yr

arrow icon 15% less
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LendingKart Territory Manager Salary

4 - 19 years exp. (3 salaries)

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₹6.1 L/yr - ₹10 L/yr

arrow icon 19% more
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Aavas Financiers Territory Manager Salary

4 - 9 years exp. (3 salaries)

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₹3.3 L/yr - ₹3.5 L/yr

arrow icon 55% less
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SK Finance Limited Territory Manager Salary

8 - 12 years exp. (3 salaries)

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₹6.8 L/yr - ₹9.9 L/yr

arrow icon 12% more
Territory Manager salary at Mahindra Finance ranges between ₹5 Lakhs to ₹10.3 Lakhs per year for employees with experience between 7 years to 16 years. Salary estimates are based on 12 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Territory Manager

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7 years exp.
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11 years exp.
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12 years exp.
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11 years exp.
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12 years exp.
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14 years exp.
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10 years exp.

Experience wise Mahindra Finance Territory Manager salaries

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)

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₹6.6 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹7.7 L/yr
10 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹10.3 L/yr
11 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹8.6 L/yr
View all
Mahindra Finance Territory Manager Salary and Career Growth

From

To

Territory Manager

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7 - 16 years exp.

Divisional Manager

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9 - 22 years exp.

Territory Manager 7 - 16 years exp.
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Area Business Manager 5 - 18 years exp.
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arrow icon 19% hike
    Divisional Manager 9 - 22 years exp.
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    arrow icon 96% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Mahindra Finance

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    ₹8 L/yr - ₹14 L/yr
    Deputy Manager Salary
    (327 salaries)
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    ₹4 L/yr - ₹12 L/yr
    Senior Territory Manager Salary
    (AmbitionBox Estimate)
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    ₹8.5 L/yr - ₹10.8 L/yr
    Area Manager Salary
    (95 salaries)
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    ₹3.07 L/yr - ₹14 L/yr
    Territory Business Manager Salary
    (AmbitionBox Estimate)
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    ₹7.6 L/yr - ₹9.7 L/yr
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    ₹4.2 L/yr - ₹15 L/yr
    Sales Manager Salary
    (108 salaries)
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    ₹2.35 L/yr - ₹9 L/yr
    Territory Sales Incharge Salary
    (AmbitionBox Estimate)
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    ₹3.3 L/yr - ₹4.3 L/yr
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    ₹7.5 L/yr - ₹10.5 L/yr
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    ₹2.2 L/yr - ₹6 L/yr

    Top skills at Mahindra Finance for Territory Manager

    Bfsi Sales Sales Retail Sales

    Salary related reviews for Mahindra Finance

    3.3

    Rated by 11 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

     · 

    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

    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

    Research & Development Department

    3.0
      •  posted on 22 Oct 2021

    2.0
     for  Salary and Benefits

    Likes

    Work environment is good, Teammates are also good and management is average.company appraisal was not good.Company leave policies are good.

    read more
    • Skill development - Good

    Dislikes

    There is a lot of issues and the management doesn't address our issue and growth. Salary is decent type but career growth is too much slow..On the job training also was not given to new joinees...just show off...

    read more
    • Salary - Poor
    • +1 more

    Finance & Accounting Department

    5.0
      •  posted on 28 Apr 2021

    5.0
     for  Salary and Benefits

    Likes

    Overall my current company is good for learning about the sales, competition, working ethics and most important how to writing mail, good working environment and culture. Clear and transparent policies.

    read more
    • Salary - Excellent
    • +5 more

    Dislikes

    ...wth is slow. And appraisal is not done last year and not done in this year aslo. No salary increment and yearly bonus also stopped.

    read more
    see more salary related reviews

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    Mahindra Finance Territory Manager Salary FAQs

    What is the salary of Territory Manager at Mahindra Finance ?
    The average salary of a Territory Manager at Mahindra Finance in India typically ranges from ₹5.0 Lakhs to ₹10.3 Lakhs per year, depending on experience (from 7 years to 16 years).

    The top 10% of Territory Manager at Mahindra Finance earn more than ₹9.7 Lakhs per year, and the top 1% earn over ₹10.3 Lakhs per year. Territory 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 10+ Mahindra Finance employees in India.
    What is the estimated take home salary of a Territory Manager at Mahindra Finance in India?
    The estimated take-home salary of a Territory Manager at Mahindra Finance in India typically ranges from ₹54,387 to ₹55,745 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹10.3 Lakhs per year for employees with experience ranging from 7 years to 16 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 10+ 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 Territory Manager at Mahindra Finance ?
    To be a Territory Manager at Mahindra Finance in india, the key skills required include:

    • - Bfsi Sales
    • - Sales
    • - Retail Sales

    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 Territory Manager in India?
    Sundaram Finance ₹17.0 Lakhs to ₹23.5 Lakhs per year
    Bharat Financial Inclusion ₹12.0 Lakhs to ₹17.0 Lakhs per year
    Poonawalla Fincorp ₹4.5 Lakhs to ₹14.0 Lakhs per year
    LendingKart ₹6.1 Lakhs to ₹10.0 Lakhs per year
    IIFL Finance ₹5.0 Lakhs to ₹13.0 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 Territory Manager in companies similar to Mahindra Finance in India?
    The salary of a Territory Manager at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Mahindra Rural Housing Finance ₹4.5 Lakhs to ₹13.1 Lakhs per year
    SK Finance Limited ₹6.8 Lakhs to ₹9.9 Lakhs per year
    Muthoot Fincorp ₹6.7 Lakhs to ₹9.6 Lakhs per year
    Muthoot Finance ₹6.0 Lakhs to ₹8.5 Lakhs per year
    Kotak Mahindra Prime ₹5.8 Lakhs to ₹9.7 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 Territory Manager at Mahindra Finance in India?
    The salary growth for a Territory Manager at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Territory Manager can expect the following growth trajectory at Mahindra Finance:

    Experience Average Salary Range
    7 years ₹2.9 Lakhs to ₹7.3 Lakhs per year
    8 years ₹6.6 Lakhs to ₹8.4 Lakhs per year
    9 years ₹6.5 Lakhs to ₹7.7 Lakhs per year
    10 years ₹2.9 Lakhs to ₹10.3 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Mahindra Finance Territory Manager salary in India ranges between ₹5 Lakhs to ₹10.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 Mahindra Finance latest salaries received from various employees of Mahindra Finance.