Mahindra & Mahindra Mumbai Finance Manager Salaries by 10+ Employees (Updated 2025)

0 - 12 years exp.

₹12 Lakhs - ₹28 Lakhs

Salary of majority employees

Fixed (89%)

₹15.4 Lakhs

Variable (11%)

₹1.9 Lakh

At par with the average Finance Manager Salary in Automobile Companies for 0 - 12 years of experience

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Last Updated: 12 Feb 2025

Companies similar to Mahindra & Mahindra for Finance Manager in Mumbai

Mahindra & Mahindra Finance Manager Salary

0 - 12 years exp. (17 salaries)

₹12 L/yr - ₹28 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata Motors Finance Manager Salary 8 - 12 years exp. (3 salaries)	₹7.4 L/yr - ₹11.7 L/yr 45% less
Reliance Retail Finance Manager Salary 0 - 8 years exp. (41 salaries)	₹9 L/yr - ₹18.6 L/yr 21% less
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Hindustan Unilever Finance Manager Salary 2 - 10 years exp. (32 salaries)	₹20.7 L/yr - ₹45 L/yr 94% more
Godrej & Boyce Manufacturing Finance Manager Salary 0 - 13 years exp. (31 salaries)	₹10 L/yr - ₹25 L/yr 12% less
ICICI Bank Finance Manager Salary 1 - 5 years exp. (31 salaries)	₹6.3 L/yr - ₹20 L/yr 26% less

Finance Manager salary at Mahindra & Mahindra ranges between ₹12 Lakhs to ₹28 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 17 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Finance Manager salaries in Mumbai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹15 L/yr - ₹27.6 L/yr
1 year (AmbitionBox Estimate)	₹6.2 L/yr - ₹26 L/yr
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2 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹28 L/yr
3 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.5 L/yr
4 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹24 L/yr
5 years (AmbitionBox Estimate)	₹13 L/yr - ₹29.9 L/yr
6 years (3 salaries)	₹12 L/yr - ₹30.4 L/yr
7 years (AmbitionBox Estimate)	₹15 L/yr - ₹30.8 L/yr
8 years (3 salaries)	₹12 L/yr - ₹21 L/yr
9 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹18 L/yr
10 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹25 L/yr
11 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹32.7 L/yr
12 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹27 L/yr

View all

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Salary related reviews for Mahindra & Mahindra

4.1

Rated by 3 employees for salary & benefits

Deputy Manager in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 28 Dec 2023

3.0

for Salary and Benefits

Likes

1. No organisational hierarchy barrier. 2. Top management and seniors are easily approachable.

Skill development - Good

+3 more

Dislikes

1. Salary is lower compared to the work load and the top-notch job employees are doing. 2. Work-life balance is compromised many a times.

Area Sales Manager in Udaipur

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

Likes - Government type of job Easy peasy attitude Good systems Permanent job with zero attrition rate

Job security - Excellent

+1 more

Dislikes

No promotions Low salary structure (like labour) No one to hear your grievances Self narcissistic culture of working in a big brand Most of the divisions are loss making except auto and tractor division Expenses right out of your pocket for company work

Promotions - Poor

Deputy Manager in Mumbai

Full Time

Project & Program Management Department

5.0

• posted on 15 May 2023

5.0

for Salary and Benefits

Likes

Alternate Saturday off .....good work culture

Salary - Excellent

+5 more

Dislikes

... are need to more fair Need to start pick and drop facility for employees.... Need to add Sodexo cupouns as salary entity for tax benifit

Deputy Manager in Pune

Full Time

Research & Development Department

2.0

• posted on 12 Mar 2023

1.0

for Salary and Benefits

Likes

You have decision making power which helps in gaining experience hands-on.

Job security - Good

Dislikes

Work life balance, appraisal, salary benefits are in no way linked to your performance. It's all driven by internal politics. Never trust any promise made by senior management or HR department at Mahindra. 0% reliability.

Salary - Bad

+5 more

Sales Manager in Raipur

Full Time

Data Science & Analytics Department

1.0

• posted on 08 Jun 2019

1.0

for Salary and Benefits

Likes

Working for mahindra is good but when it comes to mahindra dealership it is complete terrible salary package is worst incentives which is told by dealer are never given by them Sales Executise are treated in a very bad manner Overall working for dealerships are at it worsy

Dislikes

Salary - Bad
Skill development - Bad

+4 more

see more salary related reviews

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What people are saying about Mahindra & Mahindra

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divitr

works at

Mahindra & Mahindra

Budget 2025 was a bummer!

I am earning 13.5 lpa and appraisal would be around 8-9% this year...so next fiscal year I would be earning around 14.6. it is kind of disappointing to see how a person who earns less than me gets more money in hand and it would take me almost two more years and appraisals to get that money in hand. Any clarifications or suggestions on tax saving is appreciated!..thanks

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Mahindra & Mahindra Finance Manager Salary FAQs

What is the salary of Finance Manager at Mahindra & Mahindra Mumbai?

Finance Manager salary at Mahindra & Mahindra in Mumbai ranges between ₹12.0 Lakhs to ₹28.0 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 1% less than the average Finance Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Mahindra & Mahindra Mumbai.

How does the salary of a Finance Manager at Mahindra & Mahindra Mumbai compare with the average salary range for this job?

The average salary of a Finance Manager at Mahindra & Mahindra is 1% less than the average salary of a Finance Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra & Mahindra to a Finance Manager in Mumbai?

Hindustan Unilever Finance Manager Salary - ₹20.7 Lakhs to ₹45.0 Lakhs per year

What is the salary of a Finance Manager in companies similar to Mahindra & Mahindra in Mumbai?

Godrej & Boyce Manufacturing Finance Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
Reliance Retail Finance Manager Salary - ₹9.0 Lakhs to ₹18.6 Lakhs per year
ICICI Bank Finance Manager Salary - ₹6.3 Lakhs to ₹20.0 Lakhs per year
Tata Motors Finance Manager Salary - ₹7.4 Lakhs to ₹11.7 Lakhs per year

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

The estimated take-home salary of a Finance Manager at Mahindra & Mahindra ranges between ₹1,16,733 per month to ₹1,19,995 per month in Mumbai. The take-home salary calculation is based on the average Mahindra & Mahindra Finance Manager salary in India which ranges between ₹12.0 Lakhs to ₹28.0 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

What is the notice period for Finance Manager at Mahindra & Mahindra in Mumbai?

According to AmbitionBox, 83% of the Mahindra & Mahindra Finance Managers in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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Mahindra & Mahindra Finance Manager Salaries in Mumbai

Mahindra & Mahindra Finance Manager salary in Mumbai ranges between ₹12 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.