Spencer's Retail Additional General Manager Salaries by 5 Employees (Updated 2025)

12 - 31 years exp.

₹45 Lakhs - ₹60 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

38% more than the average Additional General Manager Salary in Retail Companies for 12 - 31 years of experience

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Salaries in different departments

Finance & Accounting Additional General Manager Salary 31 years exp. (AmbitionBox Estimate)	₹54.2 L/yr - ₹59.9 L/yr
Merchandising, Retail & eCommerce Additional General Manager Salary 25 years exp. (AmbitionBox Estimate)	₹57 L/yr - ₹63 L/yr
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Procurement & Supply Chain Additional General Manager Salary 12 years exp. (AmbitionBox Estimate)	₹41 L/yr - ₹50.1 L/yr

Last Updated: 17 Jan 2025

Companies similar to Spencer's Retail for Additional General Manager

Company name	Avg Annual Salary	Open Jobs
NTPC Additional General Manager Salary 20 - 31 years exp. (48 salaries)	₹23.4 L/yr - ₹75 L/yr 10% less
BHEL Additional General Manager Salary 25 - 31 years exp. (39 salaries)	₹26 L/yr - ₹52 L/yr 24% less
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Shapoorji Pallonji Group Additional General Manager Salary 22 - 31 years exp. (31 salaries)	₹22 L/yr - ₹53.5 L/yr 20% less
Shree Cement Additional General Manager Salary 14 - 28 years exp. (26 salaries)	₹35 L/yr - ₹60 L/yr 10% less
Steag Energy Services Additional General Manager Salary 17 - 26 years exp. (24 salaries)	₹25 L/yr - ₹43 L/yr 34% less

Additional General Manager salary at Spencer's Retail ranges between ₹45 Lakhs to ₹60 Lakhs per year for employees with experience between 12 years to 31 years. Salary estimates are based on 5 latest salaries received from various employees of Spencer's Retail.

Experience wise Spencer's Retail Additional General Manager salaries

Last Updated: 17 Jan 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹18 L/yr - ₹45.5 L/yr
13 years (AmbitionBox Estimate)	₹41.3 L/yr - ₹52.7 L/yr
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14 years (AmbitionBox Estimate)	₹42 L/yr - ₹53.6 L/yr
15+ years (4 salaries)	₹45 L/yr - ₹60 L/yr

Similar Designation salaries in Spencer's Retail

Assistant General Manager Salary

(AmbitionBox Estimate)

₹31.5 L/yr - ₹40.3 L/yr

Deputy General Manager Salary

(14 salaries)

₹21.5 L/yr - ₹39.5 L/yr

General Manager Salary

(AmbitionBox Estimate)

₹16.6 L/yr - ₹21.2 L/yr

Assistant Project Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Project Manager Salary

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₹15.5 L/yr - ₹18.6 L/yr

Project Manager Salary

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₹8.6 L/yr - ₹11 L/yr

Deputy Manager Salary

(3 salaries)

₹2.1 L/yr - ₹5.1 L/yr

Civil Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Project Coordinator Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Supervisor Salary

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₹1.1 L/yr - ₹3.5 L/yr

Salary related reviews for Spencer's Retail

5.0

Rated by 2 employees for salary & benefits

Senior Executive in Varanasi

Full Time

Research & Development Department

5.0

• posted on 29 Sep 2024

5.0

for Salary and Benefits

Likes

...people are keeping their relatives by doing politics and firing their employees. The company needs to pay attention to this.

Salary - Excellent

+5 more

Dislikes

There is politics going on at Spencer right now that is detrimental to the company.

Chief Administration Manager in Kolkata

Full Time

Administration & Facilities Department

2.0

• posted on 21 Jan 2024

4.0

for Salary and Benefits

Likes

...company. It was a much better organisation but destroyed by son of the promoter. You get your salary on time and in case you are joining new they will offer above the market price as no one wants to continue after 3 months of joining.

Salary - Good

Dislikes

It is a classic case of over zealous promoters destroying a business. Non competent son of the promoter thinks himself as God and all employees as piece of furniture. Management changes after every 3 years. Some CXOs leaves even before that. Every year people gets fired as cost cutting is the only tool for sustainability, as per the promoter. Do not join even if they offer a higher than market price also.

Skill development - Bad

+4 more

Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 05 Aug 2024

2.0

for Salary and Benefits

Likes

Good work life balance. On time salary.

Company culture - Good

+1 more

Dislikes

Inter Department politics. VP - BD thinks he is the owner of the company. Puts undue pressure on other departments to cover own department’s incompetence. Unethical approach towards work resulting in haphazard and rushed decisions. To quote Neerav Sejpal, “let’s get things done, if any thing crops up, let the company face after 10 years, we won’t be there then.”

Salary - Poor

+1 more

Commercial Executive And Sales Coordinator in Kolkata

Full Time

Finance & Accounting Department

2.0

• posted on 24 Jun 2022

2.0

for Salary and Benefits

Likes

Spencers do not fired any employee during lockdown and it credited salary within specific time,

Job security - Good

Dislikes

There is no motivational work and also here is no career growth untill you do butter oiling. Here is no increment even you do hard work. If you work hardly, but you can't do butter oiling, then you are not able to attract your senior, only the person who do the butter oiling properly, then he/she attract by seniors. Most of the employee give resign for this *NEPOTISM*

Salary - Poor

+2 more

Assistant Manager in Kolkata

Full Time

Other Department

3.0

• posted on 10 Apr 2022

4.0

for Salary and Benefits

Likes

It's one of the company which is belong to best group in west bengal i.e RPSG group and job security and compensation benefits is petty better then others.

Salary - Good

+3 more

Dislikes

Spencer's management should be look after the work life balance.

Work-life balance - Poor

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Spencer's Retail Additional General Manager Salary FAQs

What is the salary of Additional General Manager at Spencer's Retail ?

The average salary of a Additional General Manager at Spencer's Retail in India typically ranges from ₹45.0 Lakhs to ₹60.0 Lakhs per year, depending on experience (from 12 years to 31 years).

The top 10% of Additional General Manager at Spencer's Retail earn more than ₹60.0 Lakhs per year, and the top 1% earn over ₹60.0 Lakhs per year. Additional General Manager Salaries at Spencer's Retail 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 Spencer's Retail employees in India.

What is the estimated take home salary of a Additional General Manager at Spencer's Retail in India?

The estimated take-home salary of a Additional General Manager at Spencer's Retail in India typically ranges from ₹3,05,821 to ₹3,17,597 per month. This is based on the average salary range of ₹45.0 Lakhs to ₹60.0 Lakhs per year for employees with experience ranging from 12 years to 31 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 Spencer's Retail. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Additional General Manager in companies similar to Spencer's Retail in India?

The salary of a Additional General Manager at companies similar to Spencer's Retail in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

NTPC	₹23.4 Lakhs to ₹75.0 Lakhs per year
Shree Cement	₹35.0 Lakhs to ₹60.0 Lakhs per year
Shapoorji Pallonji Group	₹22.0 Lakhs to ₹53.5 Lakhs per year
BHEL	₹26.0 Lakhs to ₹52.0 Lakhs per year
Steag Energy Services	₹25.0 Lakhs to ₹43.0 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 Additional General Manager at Spencer's Retail in India?

The salary growth for a Additional General Manager at Spencer's Retail depends on factors such as experience, performance, and promotions. On average, a Additional General Manager can expect the following growth trajectory at Spencer's Retail:

Experience	Average Salary Range
12 years	₹18.0 Lakhs to ₹45.5 Lakhs per year
13 years	₹41.3 Lakhs to ₹52.7 Lakhs per year
14 years	₹42.0 Lakhs to ₹53.6 Lakhs per year
15 years	₹45.0 Lakhs to ₹60.0 Lakhs per year

and so on.

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Spencer's Retail Additional General Manager Salaries

Spencer's Retail Additional General Manager salary in India ranges between ₹45 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Spencer's Retail latest salaries received from various employees of Spencer's Retail.