Mahindra Finance Territory Manager Salaries by 10+ Employees

7 - 16 years exp.

₹5 Lakhs - ₹10.3 Lakhs

Salary of majority employees

At par with the average Territory Manager Salary in NBFC Companies for 7 - 16 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Territory Manager Salary 7 - 16 years exp. (6 salaries)	₹5 L/yr - ₹9.5 L/yr
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Sales & Business Development Territory Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹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
HDB Financial Services Territory Manager Salary 3 - 16 years exp. (351 salaries)	₹3 L/yr - ₹10.5 L/yr 14% less	15 job openings
TVS Credit Territory Manager Salary 4 - 13 years exp. (214 salaries)	₹3 L/yr - ₹7.7 L/yr 20% less
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Mahindra Rural Housing Finance Territory Manager Salary 7 - 18 years exp. (185 salaries)	₹4.5 L/yr - ₹13.1 L/yr 17% more
IIFL Finance Territory Manager Salary 10 - 18 years exp. (177 salaries)	₹5 L/yr - ₹13 L/yr 17% more	1 job opening
L&T Finance Territory Manager Salary 6 - 13 years exp. (165 salaries)	₹4.2 L/yr - ₹10 L/yr At par
Satin Creditcare Network Territory Manager Salary 5 - 12 years exp. (40 salaries)	₹3 L/yr - ₹6 L/yr 39% less
Sammaan Capital Limited Territory Manager Salary 1 - 11 years exp. (33 salaries)	₹2 L/yr - ₹5.5 L/yr 51% less
SMFG India Credit Territory Manager Salary 5 - 15 years exp. (30 salaries)	₹3.6 L/yr - ₹12 L/yr At par
Muthoot Fincorp Territory Manager Salary 7 - 14 years exp. (7 salaries)	₹6.7 L/yr - ₹9.6 L/yr 11% more	1 job opening
Bharat Financial Inclusion Territory Manager Salary 13 - 16 years exp. (7 salaries)	₹12 L/yr - ₹17 L/yr 95% more
Poonawalla Fincorp Territory Manager Salary 4 - 20 years exp. (7 salaries)	₹4.5 L/yr - ₹14 L/yr 24% more
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Sundaram Finance Territory Manager Salary 16 - 21 years exp. (6 salaries)	₹17 L/yr - ₹23.5 L/yr 162% more
Muthoot Finance Territory Manager Salary 15 - 20 years exp. (5 salaries)	₹6 L/yr - ₹8.5 L/yr 5% more
Kotak Mahindra Prime Territory Manager Salary 6 - 9 years exp. (4 salaries)	₹5.8 L/yr - ₹9.7 L/yr 1% more
Shriram Finance Territory Manager Salary 5 - 11 years exp. (4 salaries)	₹4.3 L/yr - ₹10 L/yr 19% less
Bajaj Finance Territory Manager Salary 2 - 14 years exp. (4 salaries)	₹5.5 L/yr - ₹7 L/yr 15% less
LendingKart Territory Manager Salary 4 - 19 years exp. (3 salaries)	₹6.1 L/yr - ₹10 L/yr 19% more
Aavas Financiers Territory Manager Salary 4 - 9 years exp. (3 salaries)	₹3.3 L/yr - ₹3.5 L/yr 55% less
SK Finance Limited Territory Manager Salary 8 - 12 years exp. (3 salaries)	₹6.8 L/yr - ₹9.9 L/yr 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.

Experience wise Mahindra Finance Territory Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
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9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.7 L/yr
10 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹10.3 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹8.6 L/yr
12 years (3 salaries)	₹5.8 L/yr - ₹9.5 L/yr
13 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
14 years (AmbitionBox Estimate)	₹5 L/yr - ₹13.1 L/yr
15+ years (AmbitionBox Estimate)	₹7.3 L/yr - ₹13.1 L/yr

View all

From

Territory Manager

₹

Lakhs/yr

7 - 16 years exp.

Divisional Manager

₹

Lakhs/yr

9 - 22 years exp.

Territory Manager 7 - 16 years exp.

Area Business Manager 5 - 18 years exp.

19% hike

Divisional Manager 9 - 22 years exp.

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

Territory Sales Manager Salary

(4 salaries)

₹8 L/yr - ₹14 L/yr

Deputy Manager Salary

(327 salaries)

₹4 L/yr - ₹12 L/yr

Senior Territory Manager Salary

(AmbitionBox Estimate)

₹8.5 L/yr - ₹10.8 L/yr

Area Manager Salary

(95 salaries)

₹3.07 L/yr - ₹14 L/yr

Territory Business Manager Salary

(AmbitionBox Estimate)

₹7.6 L/yr - ₹9.7 L/yr

Area Sales Manager Salary

(74 salaries)

₹4.2 L/yr - ₹15 L/yr

Sales Manager Salary

(108 salaries)

₹2.35 L/yr - ₹9 L/yr

Territory Sales Incharge Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Senior Sales Manager Salary

(6 salaries)

₹7.5 L/yr - ₹10.5 L/yr

Relationship Manager Salary

(87 salaries)

₹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

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

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.

Business Development Executive in Nagaon

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.

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...

Salary - Poor

+1 more

Sales Executive in Moradabad

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.

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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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.

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Mahindra Finance Territory Manager Salaries

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