Gray Matrix Business Analyst Salaries by 5 Employees (Updated 2025)

4 - 5 years exp.

₹4 Lakhs - ₹8.5 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Business Analyst Salary in IT Services & Consulting Companies for 4 - 5 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Data Science & Analytics Business Analyst Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.4 L/yr
IT & Information Security Business Analyst Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.2 L/yr
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BFSI, Investments & Trading Business Analyst Salary 5 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr

Last Updated: 7 Dec 2024

Companies similar to Gray Matrix for Business Analyst

Company name	Avg Annual Salary	Open Jobs
TCS Business Analyst Salary 0 - 13 years exp. (8.9k salaries)	₹4 L/yr - ₹15 L/yr 19% more
Infosys Business Analyst Salary 1 - 10 years exp. (1.3k salaries)	₹4 L/yr - ₹17 L/yr 32% more	7 job openings
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Wipro Business Analyst Salary 0 - 13 years exp. (2.9k salaries)	₹4.5 L/yr - ₹18 L/yr 42% more	12 job openings
HCLTech Business Analyst Salary 0 - 10 years exp. (1.3k salaries)	₹3.6 L/yr - ₹15 L/yr 16% more
Tech Mahindra Business Analyst Salary 0 - 11 years exp. (1.4k salaries)	₹4 L/yr - ₹17.8 L/yr 33% more	5 job openings
LTIMindtree Business Analyst Salary 1 - 12 years exp. (891 salaries)	₹5.1 L/yr - ₹21.5 L/yr 69% more
Mphasis Business Analyst Salary 1 - 9 years exp. (328 salaries)	₹4 L/yr - ₹15.7 L/yr 25% more	2 job openings
Hexaware Technologies Business Analyst Salary 1 - 8 years exp. (202 salaries)	₹3.8 L/yr - ₹13.8 L/yr 18% more	3 job openings
Persistent Systems Business Analyst Salary 1 - 12 years exp. (129 salaries)	₹5 L/yr - ₹25.6 L/yr 94% more
Solartis Technology Services Business Analyst Salary 0 - 4 years exp. (96 salaries)	₹3 L/yr - ₹8 L/yr 34% less
HCL Infosystems Business Analyst Salary 0 - 10 years exp. (34 salaries)	₹3 L/yr - ₹13.4 L/yr At par
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Agility E Services Business Analyst Salary 2 - 10 years exp. (21 salaries)	₹4.2 L/yr - ₹10.2 L/yr 1% less
Apmosys Technologies Business Analyst Salary 0 - 12 years exp. (17 salaries)	₹3.1 L/yr - ₹12 L/yr 9% less
VHS Consulting Business Analyst Salary 2 - 7 years exp. (14 salaries)	₹4 L/yr - ₹10 L/yr 16% less
Sellcraft Global Solutions Business Analyst Salary 3 - 10 years exp. (9 salaries)	₹6.4 L/yr - ₹7.3 L/yr 11% less
Starmark Software Business Analyst Salary 0 - 10 years exp. (10 salaries)	₹7 L/yr - ₹10 L/yr 5% more
Cogniter Technologies Business Analyst Salary 2 - 5 years exp. (11 salaries)	₹4.4 L/yr - ₹10 L/yr 2% more
Sagitec Solutions Business Analyst Salary 3 - 8 years exp. (9 salaries)	₹7 L/yr - ₹16.6 L/yr 50% more
Systech Solutions Business Analyst Salary 2 - 16 years exp. (7 salaries)	₹6 L/yr - ₹21.5 L/yr 68% more	1 job opening
Diverse Lynx Business Analyst Salary 1 - 4 years exp. (7 salaries)	₹2 L/yr - ₹7.8 L/yr 37% less	1 job opening

View all

Business Analyst salary at Gray Matrix ranges between ₹4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Gray Matrix.

Experience wise Gray Matrix Business Analyst salaries

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹15.3 L/yr
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5 years (3 salaries)	₹4.3 L/yr - ₹8.5 L/yr

Similar Designation salaries in Gray Matrix

Senior Business Analyst Salary

(3 salaries)

₹12 L/yr - ₹15 L/yr

Project Manager Salary

(6 salaries)

₹5.5 L/yr - ₹10 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹24.3 L/yr - ₹31.1 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Software Engineer Salary

(6 salaries)

₹3.18 L/yr - ₹10.23 L/yr

Power BI Developer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Senior Software Engineer Salary

(5 salaries)

₹10.35 L/yr - ₹12 L/yr

Top skills at Gray Matrix for Business Analyst

Business Analysis Brd FRD Requirement Gathering wbem FEMA Matters UML Test Cases Bpm User Interface Designing Documentation Competitor Analysis Excel Front Office Management Financial Analysis

Salary related reviews for Gray Matrix

Front End Developer in Ram Mandir

Full Time

Engineering - Software & QA Department

2.0

• posted on 13 Sep 2022

1.0

for Salary and Benefits

Likes

Only thing I like about this company is variety of Projects. Even then the Management of project is so weak it is not even fun working with such tremendous pressure.

Skill development - Good

Dislikes

Literally everything. The work culture is bad, management has trust issues on employees, Salary is way less and they don't pay it on time always late. Senior employees are bully. project manager will shout and be rude to you for irrelevant things. Its way too toxic. No WFH even on medical emergencies.

Salary - Bad

+5 more

QA Engineer in Goregaon

Full Time

Engineering - Software & QA Department

4.0

• posted on 05 Nov 2024

3.0

for Salary and Benefits

Likes

My work experience has been very positive. The organization is focused on new technologies and my team members are incredibly supportive. I appreciate the collaborative work culture here, which makes it a great environment for growth and learning.

Skill development - Good

+1 more

Dislikes

I haven’t encountered any significant challenges so far. The overall experience has been smooth with any minor issues being quickly resolved thanks to the supportive team and proactive approach of the company.

Front End Developer in Mumbai

Full Time

Engineering - Software & QA Department

5.0

• posted on 06 Feb 2024

5.0

for Salary and Benefits

Likes

My experience at Gray Matrix has been quite transformative in my tenure. Here, there is strong emphasis on Continuous learning and growing you as individual alongside working for diverse projects be it technology or industry. The new office is quite motivating, the ambience is so pleasant it adds positivity to mind set as you enter office. Since the time we moved here, management is working on so many new initiatives to benefit us, recent one is starting morning healthy In house breakfast, doing so helps me come to office early and focus on my day on time.

Salary - Excellent

+6 more

Dislikes

Not everything in world is perfect so i dont see any dislike of any level that can hamper me as a part of team.

Front End Developer in Goregaon

Full Time

Media Production & Entertainment Department

5.0

• posted on 04 Apr 2024

4.0

for Salary and Benefits

Likes

In just three months since joining Gray Matrix as an Frontend Developer fresh out of college, I've experience personal and professional growth unlike any other. The supportive atmosphere with an honourable mention of our approachable CEO Dharmesh Sir! has mace every day a joy.

Salary - Good

+6 more

Dislikes

For the time being in Gray Matrix, From my point of opinion I have experience zero cons and downsides of working at Gray Matrix.

Software Tester in Mumbai

Full Time

Engineering - Software & QA Department

1.0

• posted on 05 Jul 2024

1.0

for Salary and Benefits

Likes

Willfred William lac in knowledge he should not be taking interviews he doesn't have any technical questions asking guys about their past and future plans He should maintain decorum of an IT guy but unfortunately wrong guy has been appointed as an interviewer

Dislikes

The interviewer willfred Williams is a support guy taking interview of software testers

Salary - Bad

+6 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Gray Matrix Business Analyst Salary FAQs

What is the salary of Business Analyst at Gray Matrix?

Business Analyst salary at Gray Matrix in India ranges between ₹4.0 Lakhs to ₹8.5 Lakhs for experience between 4 years to 5 years. According to our estimates it is 22% less than the average Business Analyst Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Gray Matrix India.

How does the salary of a Business Analyst at Gray Matrix India compare with the average salary range for this job?

The average salary of a Business Analyst at Gray Matrix is 22% less than the average salary of a Business Analyst in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business Analyst at Gray Matrix?

Business Analysis, Brd, FRD, Requirement Gathering and wbem are some of the popular skills required to work as a Business Analyst at Gray Matrix India.

Which similar companies are paying more than Gray Matrix to a Business Analyst in India?

DynPro Business Analyst Salary - ₹11.5 Lakhs to ₹18.5 Lakhs per year
Persistent Systems Business Analyst Salary - ₹5.0 Lakhs to ₹25.6 Lakhs per year
LTIMindtree Business Analyst Salary - ₹5.1 Lakhs to ₹21.5 Lakhs per year
Systech Solutions Business Analyst Salary - ₹6.0 Lakhs to ₹21.5 Lakhs per year
Zebra Technologies Business Analyst Salary - ₹6.8 Lakhs to ₹18.4 Lakhs per year

What is the salary of a Business Analyst in companies similar to Gray Matrix in India?

Sagitec Solutions Business Analyst Salary - ₹7.0 Lakhs to ₹16.6 Lakhs per year
Wipro Business Analyst Salary - ₹4.5 Lakhs to ₹18.0 Lakhs per year
Tech Mahindra Business Analyst Salary - ₹4.0 Lakhs to ₹17.8 Lakhs per year
Infosys Business Analyst Salary - ₹4.0 Lakhs to ₹17.0 Lakhs per year
Mphasis Business Analyst Salary - ₹4.0 Lakhs to ₹15.7 Lakhs per year

What is the estimated take home salary of a Business Analyst at Gray Matrix in India?

The estimated take-home salary of a Business Analyst at Gray Matrix ranges between ₹55,712 per month to ₹57,107 per month in India. The take-home salary calculation is based on the average Gray Matrix Business Analyst salary in India which ranges between ₹4.0 Lakhs to ₹8.5 Lakhs per year for employees with experience between 4 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Business Analyst at Gray Matrix?

According to AmbitionBox, 67% of the Gray Matrix Business Analysts reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Gray Matrix Business Analyst Salaries

Gray Matrix Business Analyst salary in India ranges between ₹4 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Gray Matrix latest salaries received from various employees of Gray Matrix.