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Mahindra Finance
4.1
based on 4.3k Reviews
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
Company Overview
Associated Companies
Company Locations
Working at Mahindra Finance
Company Summary
Mahindra Finance is a one stop solution for all your financial needs. Explore our various offerings like vehicle loans, SME loans, Fixed Deposit, Mutual Funds, Insurance and many more.
Overall Rating
4.1/5
based on 4.3k reviews
4% above
industry average
Highly rated for
Company culture, Work-life balance, Skill development
Work Policy
Work from office
84% employees reported
Monday to Saturday
77% employees reported
Strict timing
51% employees reported
Within city
60% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
306 employees reported
Health insurance
270 employees reported
Professional degree assistance
105 employees reported
Office cab/shuttle
105 employees reported
View all benefits
About Mahindra Finance
Founded in1991 (34 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitemahindrafinance.com
Primary Industry
Other Industries
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Mahindra Finance began as a captive financier of Mahindra Utility Vehicles in the early 90s. From Mahindra UVs to tractors to non-Mahindra products, the company has diversified into a financial services provider with a whole suite of financial solutions tailored to the under-served customer in under-penetrated rural markets. Our product portfolio consists of vehicle finance, which includes financing of passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment; and pre-owned vehicles and SME finance, which includes project finance, equipment finance, working capital finance and bill discounting services to SMEs. The company also undertakes mutual fund distribution, fixed deposits and personal loans tailor-made to suit its unique customer set. With over 33,000 employees, Mahindra Finance has a presence in every state in India and a footprint in 85% of its districts. It serves customers in more than 3, 60,000 villages– that’s one in every two villages in the country.
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AmbitionBox Best Places to Work in India Awards
Awards 2024
Awards 2022
Awards 2021
Best of the best, rated by employees
Mahindra Finance won India’s Largest Employee Choice Awards in Large Companies Category.
#3 Top Rated Large Company
#1 Top Rated Financial Services Company
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Mahindra Finance Ratings
based on 4.3k reviews
Overall Rating
4.1/5
How AmbitionBox ratings work?
5
2.5k
4
1k
3
417
2
156
1
258
Category Ratings
3.9
Company culture
3.9
Work-life balance
3.9
Skill development
3.8
Job security
3.8
Salary
3.8
Work satisfaction
3.4
Promotions
Mahindra Finance is rated 4.1 out of 5 stars on AmbitionBox, based on 4.3k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Mahindra Finance
based on 4k reviews
3.9
Rated by 223 Women
Rated 3.8 for Company culture and 3.8 for Job security
4.1
Rated by 3.8k Men
Rated 3.9 for Work-life balance and 3.9 for Company culture
Work Policy at Mahindra Finance
based on 416 reviews in last 6 months
Work from office
84%
Hybrid
12%
Permanent work from home
4%
Mahindra Finance Reviews
Top mentions in Mahindra Finance Reviews
+ 5 more
Compare Mahindra Finance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.1/5 based on 4.3k reviews | 3.9/5 based on 38.5k reviews | 4.1/5 based on 7k reviews | 4.0/5 based on 6.5k reviews |
Highly Rated for | Skill development Work-life balance Company culture | Job security Skill development | Job security Skill development Work-life balance | Salary Skill development Job security |
Critically Rated for | No critically rated category | Promotions | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 84% employees reported | Work from office 85% employees reported | Work from office 87% employees reported | Work from office 78% employees reported |
Rating by Women Employees | 3.9 Good rated by 223 women | 3.7 Good rated by 8k women | 4.0 Good rated by 663 women | 3.9 Good rated by 570 women |
Rating by Men Employees | 4.1 Good rated by 3.8k men | 3.9 Good rated by 28.6k men | 4.1 Good rated by 5.8k men | 4.0 Good rated by 5.5k men |
Job security | 3.8 Good | 4.0 Good | 4.0 Good | 3.9 Good |
View more
Mahindra Finance Salaries
Mahindra Finance salaries have received with an average score of 3.8 out of 5 by 4.3k employees.
Business Executive
(330 salaries)
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₹1.1 L/yr - ₹5 L/yr
Area Business Manager
(316 salaries)
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₹4 L/yr - ₹15 L/yr
Deputy Manager
(298 salaries)
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₹4 L/yr - ₹12 L/yr
Collections Executive
(297 salaries)
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₹1.4 L/yr - ₹5.2 L/yr
Sales Executive
(230 salaries)
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₹1.1 L/yr - ₹4.8 L/yr
Divisional Manager
(203 salaries)
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₹7.8 L/yr - ₹30 L/yr
Cashier
(200 salaries)
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₹1.3 L/yr - ₹4.5 L/yr
Area Collection Manager
(195 salaries)
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₹2.4 L/yr - ₹11.6 L/yr
Branch Accountant
(187 salaries)
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₹2 L/yr - ₹6.4 L/yr
Business Development Executive
(179 salaries)
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₹1.5 L/yr - ₹5.5 L/yr
Mahindra Finance Interview Questions
Interview questions by designation
Top Mahindra Finance interview questions and answers
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Mahindra Finance Jobs
Mahindra Finance News
Broker’s call: M&M Financial (Buy)
- Mahindra & Mahindra Financial Services’ Q3FY25 PAT at ₹900 crore beat estimates on negligible credit costs due to provision write-back on past portfolio (non-recurring).
- Disbursements picked up aided by PV and tractors, leading to a steady AUM growth.
- New partnerships will benefit fees and with improving operating leverage, we expect RoA/RoE of 2 per cent/14 per cent by FY27E.
- NIM has benefitted from improving yields (20 bps) on better loan yields and rising fee income.
HinduBusinessLine | 31 Jan, 2025
Mahindra Finance Q3 Results Review: IDBI Capital Upgrades To 'Buy', Hikes Target Price — Here's Why
- IDBI Capital upgrades Mahindra Finance to 'Buy' and increases target price.
- Rural economy growth expected to improve with better rainfall and government initiatives.
- Net interest income grew by 18% YoY, while asset quality volatility remains a concern.
- Mahindra Finance management taking steps to bring stability to asset quality.
Bloomberg Quint | 29 Jan, 2025
M&M Financial Services Q3 Results: Profit Jumps 63% YoY On Sharp Fall In Provisions
- Mahindra & Mahindra Financial Services reports a 63% YoY rise in net profit for Q3.
- Provisions for impairment on financial instruments fell by 97% YoY.
- Disbursements rose by 7% for the quarter.
- Asset quality worsened with stage 3 assets increase to 3.9%.
Bloomberg Quint | 28 Jan, 2025
HDFC Bank, Axis Bank, LIC Housing — RBI's Liquidity Boost Positive For Banks, NBFCs
- The Reserve Bank of India's liquidity infusion of Rs 1.5 lakh crore through various special measures will be positive for banks and non-bank financial companies.
- HDFC Bank, Axis Bank, Federal Bank, and Bank of Baroda will benefit from the liquidity measures due to their stretched loan-to-deposit ratio.
- LIC Housing Finance, Bajaj Finance, and Mahindra & Mahindra Financial Services will benefit from easing wholesale rates.
- Jefferies expects easing on liquidity coverage ratio and other aspects in RBI monetary policy committee meeting.
Bloomberg Quint | 28 Jan, 2025
Mahindra Announces Prices Of BE 6, XEV 9e Top Variants
- Mahindra And Mahindra Ltd. has announced the pricing for the top-end variants of its upcoming electric sports utility vehicles, with an aim to clock sales of 5,000 units per month from the get-go.
- The Mahindra BE 6 Pack Three, with the 79 kWh battery pack, has an ex-showroom price of Rs 26.9 lakh; whereas the XEV 9e Pack Three costs Rs 30.5 lakh, according to an exchange filing on Tuesday.
- M&M has brought on board group firm Mahindra Finance to offer these cars at the same EMI as the base models, with a “balloon payment” at the end of six years.
- Bookings for the BE 6 and XEV 9e Pack Three variants will open on Feb. 14, while test drives will begin in a phased manner from Jan. 14. Deliveries are likely to begin in early March.
Bloomberg Quint | 7 Jan, 2025
Mahindra & Mahindra Financial Services Q3 Updates: Projects Rs 16,450 Crore Disbursement
- Mahindra & Mahindra Financial Services estimates a disbursement of approximately Rs. 16,450 crore in Q3 FY2025, reflecting a 7% YoY growth.
- The company projects a disbursement of about Rs. 42,350 crore for the first nine months of FY2025, marking a 4% YoY growth.
- Collection efficiency for the October-December quarter of FY2025 stands at 95%, with Stage-3 assets improving to 3.9%.
- The company maintains a strong liquidity position with a liquidity reserve exceeding Rs. 9,100 crore on its balance sheet.
Bloomberg Quint | 3 Jan, 2025
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Mahindra Finance Subsidiaries
Mahindra Rural Housing Finance
4.0
• 1.9k reviews
Mahindra Insurance Brokers
3.3
• 283 reviews
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Mahindra Finance FAQs
When was Mahindra Finance founded?
Mahindra Finance was founded in 1991. The company has been operating for 34 years primarily in the NBFC sector.
Where is the Mahindra Finance headquarters located?
Mahindra Finance is headquartered in Mumbai, Maharashtra.
How many employees does Mahindra Finance have in India?
Mahindra Finance currently has more than 26,000+ employees in India. Finance & Accounting department appears to have the highest employee count in Mahindra Finance based on the number of reviews submitted on AmbitionBox.
Does Mahindra Finance have good work-life balance?
Mahindra Finance has a Work-Life Balance Rating of 3.9 out of 5 based on 4,200+ employee reviews on AmbitionBox. 81% employees rated Mahindra Finance 4 or above, while 19% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Mahindra Finance work-life balance reviews for more details
Is Mahindra Finance good for career growth?
Career growth at Mahindra Finance is rated as moderate, with a promotions and appraisal rating of 3.4. 19% employees rated Mahindra Finance 3 or below, while 81% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Mahindra Finance promotions/appraisals reviews for more detailed insights.
What are the pros of working in Mahindra Finance?
Working at Mahindra Finance offers several advantages that make it an appealing place for employees. The company is highly rated for company culture, skill development and work life balance, based on 4,200+ employee reviews on AmbitionBox.
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