Elara Capital Mumbai Salaries by 100+ Employees (Updated 2025)

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Designation	Avg Annual Salary	Open Jobs
Equity Research Associate 1 - 7 years exp. · Mumbai (21 salaries)	₹8.4 L/yr - ₹19 L/yr
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Associate Vice President 9 - 11 years exp. · Mumbai (6 salaries)	₹20 L/yr - ₹33 L/yr
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Analyst 2 - 3 years exp. · Mumbai (6 salaries)	₹4.4 L/yr - ₹12 L/yr
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Senior Vice President 17 - 30 years exp. · Mumbai (4 salaries)	₹50 L/yr - ₹60 L/yr
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Assistant Manager Finance & Accounts 0 - 2 years exp. · Mumbai (4 salaries)	₹3 L/yr - ₹10.7 L/yr
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HR Manager 7 - 11 years exp. · Mumbai (4 salaries)	₹12 L/yr - ₹20.3 L/yr
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Research Associate 1 - 5 years exp. · Mumbai (4 salaries)	₹7.5 L/yr - ₹16 L/yr
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Associate Economist 4 - 8 years exp. · Mumbai (4 salaries)	₹7.5 L/yr - ₹16 L/yr
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Wealth Manager 5 - 6 years exp. · Mumbai (3 salaries)	₹11.7 L/yr - ₹15 L/yr
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Equity Research Analyst 2 - 8 years exp. · Mumbai (3 salaries)	₹12 L/yr - ₹23.7 L/yr
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Production Specialist 11 - 16 years exp. · Mumbai (3 salaries)	₹9.1 L/yr - ₹11.8 L/yr
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Company Secretary and Compliance Officer 13 - 15 years exp. · Mumbai (3 salaries)	₹32.5 L/yr - ₹34.1 L/yr
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Investment Banking Associate 2 - 4 years exp. · Mumbai (3 salaries)	₹12 L/yr - ₹22 L/yr
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Associate Equity Research Analyst 3 - 5 years exp. · Mumbai (3 salaries)	₹20 L/yr - ₹22.5 L/yr
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Equity Research Intern 0 - 3 years exp. · Mumbai (3 salaries)	₹2.4 L/yr - ₹9 L/yr
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Investment Banking Analyst 2 - 4 years exp. · Mumbai (3 salaries)	₹6.7 L/yr - ₹14.5 L/yr
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Business Development Executive 5 - 8 years exp. · Mumbai (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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IT Manager 11 - 13 years exp. · Mumbai (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
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AM-IT 8 - 10 years exp. · Mumbai (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
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Senior Business Development Executive 7 - 8 years exp. · Mumbai (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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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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Salary related reviews for Elara Capital

3.3

Rated by 13 employees for salary & benefits

Equity Research Analyst in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 17 Jan 2023

3.0

for Salary and Benefits

Likes

Very intrapreneurial culture. Good flexibility and platform to perform.

Company culture - Good

+1 more

Dislikes

Limited support by the promoters and senior management. A great franchise built over the last two decades but not able to leverage its network and relationships.

Skill development - Poor

+1 more

Institutional Equity Sales in Mumbai

Full Time

Finance & Accounting Department

4.0

• posted on 08 May 2022

3.0

for Salary and Benefits

Likes

Accomodative work culture with good platform to create a name for oneself. Well respected as a broking house in the industry.

Job security - Excellent

+4 more

Dislikes

The best performers compensation turns out to be only at par with the overall industry. Overall Payscale is atleast 20-25% below industry standard.

Senior Research Associate in Mumbai

research Department

1.0

• posted on 14 Mar 2018

1.0

for Salary and Benefits

Likes

Elara Capital is completely controlled by harendra kumar, if you are having good relations with him then its fine. for learning and growth one should not go for it.

Dislikes

Job Security, Appraisal, learning, management

Salary - Bad

+6 more

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Know more about Elara Capital Mumbai

Elara Capital Salary FAQs

How much does Elara Capital pay to its employees?

The average annual salary at Elara Capital varies depending on the role, experience, and location. The salary ranges for some popular designations at Elara Capital, are as follows:

Equity Research Associate	₹8.4 Lakhs to ₹19 Lakhs per year
Associate Vice President	₹20 Lakhs to ₹33 Lakhs per year
Analyst	₹4.4 Lakhs to ₹12 Lakhs per year
Senior Vice President	₹50 Lakhs to ₹60 Lakhs per year

The highest-paying role, Vice President, earns between ₹28 Lakhs to ₹51 Lakhs per year. The top 10% of employees earn more than ₹32 Lakhs per year, and the top 1% earn over ₹61.5 Lakhs per year. Salaries at Elara Capital 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 salary estimates are based on data from 169 salaries submitted by Elara Capital employees. Elara Capital is rated 3.3 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in Elara Capital , Mumbai is INR . Salary estimates are based on 100+ Elara Capital latest salaries received from various employees of Elara Capital.