Mahindra Defence Systems Program Manager Salaries by 4 Employees

12 - 15 years exp.

₹15.2 Lakhs - ₹16.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

31% less than the average Program Manager Salary in Defence & Aerospace Companies for 12 - 15 years of experience

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Salaries in different departments

Project & Program Management Program Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹15.6 L/yr - ₹16.5 L/yr
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Research & Development Program Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹15.2 L/yr - ₹16.4 L/yr

Last Updated: 18 Jan 2024

Companies similar to Mahindra Defence Systems for Program Manager

Company name	Avg Annual Salary	Open Jobs
GE Program Manager Salary 10 - 22 years exp. (16 salaries)	₹23 L/yr - ₹46 L/yr 127% more
Indian Air Force Program Manager Salary 8 - 15 years exp. (10 salaries)	₹22 L/yr - ₹37.8 L/yr 105% more
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Indian Army Program Manager Salary 10 - 14 years exp. (8 salaries)	₹15.6 L/yr - ₹40 L/yr 93% more
Mahindra Aerospace Program Manager Salary 9 - 18 years exp. (5 salaries)	₹9 L/yr - ₹15 L/yr 23% less
HID Global Program Manager Salary 11 - 18 years exp. (3 salaries)	₹28.5 L/yr - ₹35 L/yr 101% more
Asteria Aerospace Program Manager Salary 7 - 8 years exp. (3 salaries)	₹27 L/yr - ₹30 L/yr 76% more

Program Manager salary at Mahindra Defence Systems ranges between ₹15.2 Lakhs to ₹16.5 Lakhs per year for employees with experience between 12 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Defence Systems.

Experience wise Mahindra Defence Systems Program Manager salaries

Last Updated: 18 Jan 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹15.2 L/yr - ₹27.7 L/yr
13 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹16.4 L/yr
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14 years (AmbitionBox Estimate)	₹15.6 L/yr - ₹28.9 L/yr
15+ years (AmbitionBox Estimate)	₹6.5 L/yr - ₹16.5 L/yr

Similar Designation salaries in Mahindra Defence Systems

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Senior Program Manager Salary

(AmbitionBox Estimate)

₹25.2 L/yr - ₹32.2 L/yr

Business Analyst Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Associate Consultant Salary

(24 salaries)

₹4.5 L/yr - ₹12.75 L/yr

Senior Consultant Salary

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₹18 L/yr - ₹23 L/yr

Salary related reviews for Mahindra Defence Systems

Production Officer in Pune

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 28 Jan 2025

3.0

for Salary and Benefits

Likes

On-time Salary

Dislikes

No work life balance. Manager don't support. No hierarchy in Departmental structure. No helping hands. Unnecessary stress due to false urgencies created by superiors. Old 1947 Style work culture. No team work. Managers wants everything readymade.

Skill development - Poor

+4 more

Operations Executive in Kota

Full Time

IT & Information Security Department

5.0

• posted on 23 Feb 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisal are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 year before which you cannot resign. On the job training is not given to new joinees

Design Engineer in Pune

Full Time

Project & Program Management Department

1.0

• posted on 30 Jun 2023

2.0

for Salary and Benefits

Likes

Good medical policies.

Job security - Excellent

Dislikes

Poor top management. Corporate politics No leaders to guide juniors. They ask you to join on FTC ( Fixed Term Contract) on Mahindras pay role which is a trap. Don’t fall prey to it. Later on they make you struggle to get on-roll. And if you have a sting reference then they will directly take you on roll. 1 year fixed term contract is extended for 3-4 years. Be cautious.

Salary - Poor

+5 more

Junior Engineer in Lucknow

Full Time

Engineering - Hardware & Networks Department

4.0

• posted on 03 Aug 2018

3.0

for Salary and Benefits

Likes

...and itself 2 month traning have in this organzation but job security little bit. in my experience career growth is average salary is constact till now. learning lots work environment is very good like work with team mates veri supportive and treating like as family and work come first rull.

Skill development - Good

+3 more

Dislikes

no any dislike at this organization but i want to switch the job.

Senior Manager QA in Pune

Full Time

Quality Assurance Department

2.0

• posted on 25 Apr 2023

3.0

for Salary and Benefits

Likes

Big Brand Name Only

Dislikes

Mahindra Have Good HR Policy but Plant HR Poor Implement in plant, CEO is Tribble and Miss use of his position and CEO Involve in Land Dealing scam and Concrete road in Chimbali land.

Job security - Bad

+4 more

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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 Defence Systems Program Manager Salary FAQs

What is the salary of Program Manager at Mahindra Defence Systems ?

The average salary of a Program Manager at Mahindra Defence Systems in India typically ranges from ₹15.2 Lakhs to ₹16.5 Lakhs per year, depending on experience (from 12 years to 15 years).

The top 10% of Program Manager at Mahindra Defence Systems earn more than ₹16.5 Lakhs per year, and the top 1% earn over ₹16.5 Lakhs per year. Program Manager Salaries at Mahindra Defence Systems 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 Mahindra Defence Systems employees in India.

What is the estimated take home salary of a Program Manager at Mahindra Defence Systems in India?

The estimated take-home salary of a Program Manager at Mahindra Defence Systems in India typically ranges from ₹1,08,655 to ₹1,11,656 per month. This is based on the average salary range of ₹15.2 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from 12 years to 15 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 Mahindra Defence Systems. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Defence Systems for Program Manager in India?

GE	₹23.0 Lakhs to ₹46.0 Lakhs per year
Indian Air Force	₹22.0 Lakhs to ₹37.8 Lakhs per year
HID Global	₹28.5 Lakhs to ₹35.0 Lakhs per year
Indian Army	₹15.6 Lakhs to ₹40.0 Lakhs per year
Asteria Aerospace	₹27.0 Lakhs to ₹30.0 Lakhs per year

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

What is the salary of a Program Manager in companies similar to Mahindra Defence Systems in India?

The salary of a Program Manager at companies similar to Mahindra Defence Systems in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Mahindra Aerospace

₹9.0 Lakhs to ₹15.0 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 Program Manager at Mahindra Defence Systems in India?

The salary growth for a Program Manager at Mahindra Defence Systems depends on factors such as experience, performance, and promotions. On average, a Program Manager can expect the following growth trajectory at Mahindra Defence Systems:

Experience	Average Salary Range
12 years	₹15.2 Lakhs to ₹27.7 Lakhs per year
13 years	₹6.3 Lakhs to ₹16.4 Lakhs per year
14 years	₹15.6 Lakhs to ₹28.9 Lakhs per year
15 years	₹6.5 Lakhs to ₹16.5 Lakhs per year

and so on.

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Mahindra Defence Systems Program Manager Salaries

Mahindra Defence Systems Program Manager salary in India ranges between ₹15.2 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Defence Systems latest salaries received from various employees of Mahindra Defence Systems.