Shriram Finance Recovery Manager Salaries by 20+ Employees

4 - 14 years exp.

₹2 Lakhs - ₹6 Lakhs

Salary of majority employees

32% less than the average Recovery Manager Salary in NBFC Companies for 4 - 14 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 4 - 14 years exp. (9 salaries)	₹2.2 L/yr - ₹6 L/yr
BFSI, Investments & Trading Recovery Manager Salary 8 - 12 years exp. (3 salaries)	₹2.5 L/yr - ₹4.4 L/yr
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Marketing & Communication Recovery Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.5 L/yr
Product Management Recovery Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.2 L/yr
Sales & Business Development Recovery Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.2 L/yr

Last Updated: 11 Dec 2024

Companies similar to Shriram 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 29% more
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹13.5 L/yr 107% more
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ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 96% more
Kotak Mahindra Bank Recovery Manager Salary 1 - 14 years exp. (23 salaries)	₹1.8 L/yr - ₹8.4 L/yr 29% more
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 7% more
Edelweiss Recovery Manager Salary 10 - 15 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 26% more
PNB Housing Finance Recovery Manager Salary 2 - 10 years exp. (10 salaries)	₹3 L/yr - ₹6 L/yr 40% more
HDB Financial Services Recovery Manager Salary 4 - 14 years exp. (7 salaries)	₹4.5 L/yr - ₹6.6 L/yr 55% more
Sammaan Capital Limited Recovery Manager Salary 5 - 11 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 15% more
Poonawalla Fincorp Recovery Manager Salary 12 - 30 years exp. (4 salaries)	₹5.7 L/yr - ₹9.3 L/yr 109% more
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 97% more
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Kotak Mahindra Prime Recovery Manager Salary 4 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.3 L/yr 5% more
Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 43% less

Recovery Manager salary at Shriram Finance ranges between ₹2 Lakhs to ₹6 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 28 latest salaries received from various employees of Shriram Finance.

Experience wise Shriram Finance Recovery Manager salaries

Last Updated: 11 Dec 2024

Experience	Avg Annual Salary
4 years (5 salaries)	₹2.2 L/yr - ₹5 L/yr
5 years (4 salaries)	₹2.2 L/yr - ₹6.6 L/yr
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6 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.6 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.6 L/yr
8 years (4 salaries)	₹2 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.5 L/yr
10 years (4 salaries)	₹2.1 L/yr - ₹6.6 L/yr
11 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹6.6 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹6 L/yr
13 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹5.5 L/yr
14 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.2 L/yr

View all

Similar Designation salaries in Shriram Finance

Cluster Manager Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Deputy Manager Salary

(197 salaries)

₹2.3 L/yr - ₹9.4 L/yr

Area Manager Salary

(6 salaries)

₹3 L/yr - ₹9 L/yr

Branch Manager Salary

(272 salaries)

₹2.35 L/yr - ₹7.35 L/yr

Collections Manager Salary

(184 salaries)

₹1.85 L/yr - ₹6 L/yr

Relationship Manager Salary

(124 salaries)

₹1.8 L/yr - ₹6.85 L/yr

Area Collection Manager Salary

(14 salaries)

₹3.6 L/yr - ₹10.2 L/yr

Team Lead Salary

(67 salaries)

₹1.8 L/yr - ₹5.6 L/yr

State Head Salary

(14 salaries)

₹8 L/yr - ₹29 L/yr

Collection Officer Salary

(44 salaries)

₹1.85 L/yr - ₹4.5 L/yr

Salary related reviews for Shriram Finance

4.0

Rated by 21 employees for salary & benefits

Deputy Manager in Nagpur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Jul 2023

4.0

for Salary and Benefits

Likes

Best Working culture, seniors very supportive, friendly, lots of learning, we get a chance to explore ourself, lots of opportunities for learning new things. Equal treatment. Treating as one family.

Salary - Good

+6 more

Dislikes

...nough per year but salary increment is poor. it does not meet our requirements . Salary hike very low.

Branch Manager in Kanpur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jul 2023

3.0

for Salary and Benefits

Likes

I am working here last 2 yrs as a Branch manager in life insurance, job security for a long time for good candidates.. Work-life balance and earning so much in life insurance and FD targets.

Job security - Good

+4 more

Dislikes

Salary package short on BM profile

Branch Manager in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

2.0

• posted on 28 May 2023

3.0

for Salary and Benefits

Likes

Company norms, policies and insensitive structure very good.

Company culture - Excellent

Dislikes

Low salary, torcher, no growth, any movement position downfall, no office timings, no holidays ( holidays only formalities purpose, including Sunday also) Some supiriors worst behaviour & mentality, no job guarantee.

Job security - Poor

+1 more

Branch Manager in Karol Bagh

Full Time

Sales & Business Development Department

4.0

• posted on 25 Sep 2024

3.0

for Salary and Benefits

Likes

Shriram finance co. is very good. the support of the operation team is good. every FY there some salary increase the products are good according to the market, Shriram finance has its own identity in the market.

Work satisfaction - Good

Dislikes

The behavior of the reporting manager is not good , he talks to abusively. he is always trying to show himself superior and others inferior , that is why no one wants to work with him. Shriram finance is a very good co. but because of this no one wants to work with him.

Skill development - Poor

+1 more

Collections Manager in Virudhunagar

Production, Manufacturing & Engineering Department

4.0

• posted on 20 Mar 2022

5.0

for Salary and Benefits

Likes

Company policies are good, salary hike is for every 2 years and bonus every year, job security is good.

Salary - Excellent

+5 more

Dislikes

...doesn't address our issues,they give incentives but negative is they adjust the Minimum granteed incentive credited in salary..

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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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Shriram Finance Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Shriram Finance ?

The average salary of a Recovery Manager at Shriram Finance in India typically ranges from ₹2.0 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Recovery Manager at Shriram Finance earn more than ₹5.4 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Recovery Manager Salaries at Shriram 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 20+ Shriram Finance employees in India.

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

The estimated take-home salary of a Recovery Manager at Shriram Finance in India typically ranges from ₹26,709 to ₹28,122 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 4 years to 14 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 20+ salaries received from various employees of Shriram Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Poonawalla Fincorp	₹5.7 Lakhs to ₹9.3 Lakhs per year
HDFC Bank	₹3.5 Lakhs to ₹13.5 Lakhs per year
Manappuram Finance	₹3.0 Lakhs to ₹7.5 Lakhs per year
ICICI Bank	₹5.5 Lakhs to ₹9.0 Lakhs per year
HDB Financial Services	₹4.5 Lakhs to ₹6.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Shriram Finance, depending on the role and experience level.

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

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

PNB Housing Finance	₹3.0 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindra Bank	₹1.8 Lakhs to ₹8.4 Lakhs per year
Bajaj Finance	₹3.5 Lakhs to ₹6.2 Lakhs per year
Edelweiss	₹3.0 Lakhs to ₹5.4 Lakhs per year
Sammaan Capital Limited	₹4.0 Lakhs to ₹4.5 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 Shriram Finance in India?

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

Experience	Average Salary Range
4 years	₹2.2 Lakhs to ₹5.0 Lakhs per year
5 years	₹2.2 Lakhs to ₹6.6 Lakhs per year
6 years	₹3.0 Lakhs to ₹6.6 Lakhs per year
7 years	₹2.5 Lakhs to ₹6.6 Lakhs per year

and so on.

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Shriram Finance Recovery Manager Salaries by Location

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Shriram Finance Recovery Manager Salaries

Shriram Finance Recovery Manager salary in India ranges between ₹2 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 28 Shriram Finance latest salaries received from various employees of Shriram Finance.

Shriram Finance Recovery Manager salaries in India

Companies similar to Shriram Finance for Recovery Manager

Latest annual salaries shared by Shriram Finance Recovery Manager

Experience wise Shriram Finance Recovery Manager salaries

Similar Designation salaries in Shriram Finance

Salary related reviews for Shriram Finance

Deputy Manager in Nagpur

Branch Manager in Kanpur

Branch Manager in Hyderabad / Secunderabad

Branch Manager in Karol Bagh

Collections Manager in Virudhunagar

Shriram Finance Recovery Manager Salary FAQs

Tell us how to improve this page.

Shriram Finance Recovery Manager Salaries by Location