L&T Finance Mumbai IT Manager Salaries by 4 Employees

7 - 8 years exp.

₹8.6 Lakhs - ₹14.2 Lakhs

Salary of majority employees

18% less than the average IT Manager Salary in NBFC Companies for 7 - 8 years of experience

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Salaries in different departments

Engineering - Hardware & Networks IT Manager Salary 8 years exp. (AmbitionBox Estimate)	₹10.3 L/yr - ₹14.2 L/yr
Engineering - Software & QA IT Manager Salary 7 years exp. (AmbitionBox Estimate)	₹11.2 L/yr - ₹12.5 L/yr
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IT & Information Security IT Manager Salary 7 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr

Last Updated: 15 Mar 2023

Companies similar to L&T Finance for IT Manager in Mumbai

L&T Finance IT Manager Salary

7 - 8 years exp. (4 salaries)

₹8.6 L/yr - ₹14.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance IT Manager Salary 10 - 17 years exp. (19 salaries)	₹6.4 L/yr - ₹21.4 L/yr 10% more
Mahindra Rural Housing Finance IT Manager Salary 12 - 13 years exp. (3 salaries)	₹5.4 L/yr - ₹19.7 L/yr 11% more
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HDFC Bank IT Manager Salary 1 - 11 years exp. (75 salaries)	₹5.5 L/yr - ₹19.5 L/yr 9% more
Axis Bank IT Manager Salary 1 - 12 years exp. (48 salaries)	₹9.7 L/yr - ₹16.3 L/yr 22% more
RBL Bank IT Manager Salary 1 - 9 years exp. (40 salaries)	₹4.8 L/yr - ₹14.5 L/yr 7% less

IT Manager salary at L&T Finance ranges between ₹8.6 Lakhs to ₹14.2 Lakhs per year for employees with experience between 7 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance IT Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹12.5 L/yr
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8 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹14.2 L/yr

Similar Designation salaries in L&T Finance

Team Lead Salary

(31 salaries)

₹6.93 L/yr - ₹17.4 L/yr

Project Manager Salary

(13 salaries)

₹6 L/yr - ₹14.16 L/yr

Analyst Salary

(4 salaries)

₹3 L/yr - ₹9 L/yr

Salary related reviews for L&T Finance

Operations Manager

Finance & Accounting Department

4.0

• posted on 22 Jul 2019

3.0

for Salary and Benefits

Likes

... step service.They are provide month on month refresh training its very usefull.salary is perfectly given by us.learn lot of things on operations and system works.

Skill development - Good

+4 more

Dislikes

Incentives are not comfort for anyone.Travel conveyence is not provided it is basic.

Sales Executive in Chandigarh

Full Time

Finance & Accounting Department

4.0

• posted on 24 Mar 2025

5.0

for Salary and Benefits

Likes

This is a very good company. Company culture is also good and all co-workers are very helpful and 24 hour salary system is also very good.And the company has a very good health policy

Salary - Excellent

+3 more

Dislikes

The company is good but the salary is not right as per the time, it is very less and neither is the incentive structure right

Promotions - Poor

Assistant Manager in Coimbatore

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 23 Mar 2025

5.0

for Salary and Benefits

Likes

Salary and incentives are really good.If u work it's worth really.. promotion no issues

Salary - Excellent

+2 more

Dislikes

The big problem is incapablity peoples in big position like TM,RM,SRM they are not have the capability to be a BM

Skill development - Bad

+3 more

Branch Manager in Hanwada

Full Time

Finance & Accounting Department

4.0

• posted on 10 Feb 2025

4.0

for Salary and Benefits

Likes

Work life Salary Skill development

Salary - Good

+4 more

Dislikes

Some kind of aggressive mentors monitoring, It's too worst to face and use some salary to work comparision words continue revert by supervisor and superior officials

Senior Manager in Mumbai

Full Time

Human Resources Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

The work culture is dramatically different from before after the Leadership change. It’s all about work life balance and flexibility now.

Work-life balance - Good

Dislikes

While the work culture has improved there’s now a decline in opportunities for salary growth and promotions.

Skill development - Poor

+4 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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L&T Finance IT Manager Salary FAQs

What is the salary of IT Manager at L&T Finance in Mumbai?

The average salary of a IT Manager at L&T Finance in Mumbai typically ranges from ₹8.6 Lakhs to ₹14.2 Lakhs per year, depending on experience (from 7 years to 8 years).

The top 10% of IT Manager in Mumbai at L&T Finance earn more than ₹14.2 Lakhs per year, and the top 1% earn over ₹14.2 Lakhs per year. IT Manager Salaries at L&T 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 4 L&T Finance employees in India.

What is the estimated take home salary of a IT Manager at L&T Finance in Mumbai?

The estimated take-home salary of a IT Manager at L&T Finance in Mumbai typically ranges from ₹80,930 to ₹83,039 per month. This is based on the average salary range of ₹8.6 Lakhs to ₹14.2 Lakhs per year for employees with experience ranging from 7 years to 8 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 4 salaries received from various employees of L&T Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than L&T Finance for IT Manager in India?

Axis Bank	₹9.7 Lakhs to ₹16.3 Lakhs per year
Mahindra Rural Housing Finance	₹5.4 Lakhs to ₹19.7 Lakhs per year
Mahindra Finance	₹6.4 Lakhs to ₹21.4 Lakhs per year
HDFC Bank	₹5.5 Lakhs to ₹19.5 Lakhs per year

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

What is the salary of a IT Manager in companies similar to L&T Finance in Mumbai?

The salary of a IT Manager at companies similar to L&T Finance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

RBL Bank

₹4.8 Lakhs to ₹14.5 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 IT Manager at L&T Finance in Mumbai?

The salary growth for a IT Manager at L&T Finance in Mumbai depends on factors such as experience, performance, and promotions. On average, a IT Manager in Mumbai can expect the following growth trajectory at L&T Finance:

Experience	Average Salary Range
7 years	₹8.6 Lakhs to ₹12.5 Lakhs per year
8 years	₹10.3 Lakhs to ₹14.2 Lakhs per year

and so on.

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L&T Finance IT Manager Salaries in Mumbai

L&T Finance IT Manager salary in Mumbai ranges between ₹8.6 Lakhs to ₹14.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 L&T Finance latest salaries received from various employees of L&T Finance.