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

2 - 12 years exp.

₹12 Lakhs - ₹28 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

17% more than the average Finance Manager Salary in Automobile Companies for 2 - 12 years of experience

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Last Updated: 14 Mar 2025

Companies similar to Mahindra & Mahindra for Finance Manager in Mumbai

Mahindra & Mahindra Finance Manager Salary

2 - 12 years exp. (16 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 L/yr 55% less
Reliance Retail Finance Manager Salary 0 - 8 years exp. (44 salaries)	₹9 L/yr - ₹19.2 L/yr 32% less
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Hindustan Unilever Finance Manager Salary 2 - 10 years exp. (36 salaries)	₹20.7 L/yr - ₹45 L/yr 60% more
ICICI Bank Finance Manager Salary 0 - 6 years exp. (33 salaries)	₹6.1 L/yr - ₹20 L/yr 39% less
Godrej & Boyce Manufacturing Finance Manager Salary 0 - 16 years exp. (30 salaries)	₹10.2 L/yr - ₹20.2 L/yr 26% less

Finance Manager salary at Mahindra & Mahindra ranges between ₹12 Lakhs to ₹28 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 16 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Finance Manager salaries in Mumbai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹17 L/yr - ₹21.7 L/yr
3 years (AmbitionBox Estimate)	₹17.2 L/yr - ₹21.9 L/yr
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4 years (AmbitionBox Estimate)	₹17.4 L/yr - ₹22.2 L/yr
5 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.5 L/yr
6 years (3 salaries)	₹12 L/yr - ₹35.6 L/yr
7 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
8 years (4 salaries)	₹12 L/yr - ₹23 L/yr
9 years (AmbitionBox Estimate)	₹18.4 L/yr - ₹23.5 L/yr
10 years (AmbitionBox Estimate)	₹18.6 L/yr - ₹23.8 L/yr
11 years (AmbitionBox Estimate)	₹18.8 L/yr - ₹24 L/yr
12 years (AmbitionBox Estimate)	₹19 L/yr - ₹24.3 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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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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Mahindra & Mahindra Finance Manager Salary FAQs

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

The average salary of a Finance Manager at Mahindra & Mahindra in Mumbai typically ranges from ₹12.0 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Finance Manager in Mumbai at Mahindra & Mahindra earn more than ₹26.8 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Finance Manager Salaries at Mahindra & Mahindra 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 10+ Mahindra & Mahindra employees in India.

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 in Mumbai typically ranges from ₹1,33,448 to ₹1,38,345 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 2 years to 12 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 10+ salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra & Mahindra for Finance Manager in India?

Hindustan Unilever

₹20.7 Lakhs to ₹45.0 Lakhs per year

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

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

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

Godrej & Boyce Manufacturing	₹10.2 Lakhs to ₹20.2 Lakhs per year
Reliance Retail	₹9.0 Lakhs to ₹19.2 Lakhs per year
ICICI Bank	₹6.1 Lakhs to ₹20.0 Lakhs per year
Tata Motors	₹7.4 Lakhs to ₹11.0 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 Finance Manager at Mahindra & Mahindra in Mumbai?

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

Experience	Average Salary Range
2 years	₹17.0 Lakhs to ₹21.7 Lakhs per year
3 years	₹17.2 Lakhs to ₹21.9 Lakhs per year
4 years	₹17.4 Lakhs to ₹22.2 Lakhs per year
5 years	₹17.6 Lakhs to ₹22.5 Lakhs per year

and so on.

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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 16 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.