Mahindra Finance Mumbai Assistant Vice President Salaries by 10+ Employees (Updated 2025)

11 - 25 years exp.

₹15 Lakhs - ₹38.5 Lakhs

Salary of majority employees

Fixed (85%)

₹25.2 Lakhs

Variable (15%)

₹4.6 Lakhs

At par with the average Assistant Vice President Salary in NBFC Companies for 11 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Vice President Salary 16 - 22 years exp. (3 salaries)	₹29 L/yr - ₹38.5 L/yr
Engineering - Software & QA Assistant Vice President Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹30 L/yr - ₹32.5 L/yr
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Quality Assurance Assistant Vice President Salary 24 - 25 years exp. (AmbitionBox Estimate)	₹30.3 L/yr - ₹35 L/yr
Strategic & Top Management Assistant Vice President Salary 22 - 23 years exp. (AmbitionBox Estimate)	₹31.5 L/yr - ₹34 L/yr
Finance & Accounting Assistant Vice President Salary 25 years exp. (AmbitionBox Estimate)	₹29 L/yr - ₹32.9 L/yr

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Last Updated: 26 Feb 2025

Companies similar to Mahindra Finance for Assistant Vice President in Mumbai

Mahindra Finance Assistant Vice President Salary

11 - 25 years exp. (19 salaries)

₹15 L/yr - ₹38.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Vice President Salary 6 - 24 years exp. (1k salaries)	₹12 L/yr - ₹39 L/yr 13% less
ICICI Bank Assistant Vice President Salary 6 - 18 years exp. (17 salaries)	₹13.1 L/yr - ₹36 L/yr 23% less
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Axis Bank Assistant Vice President Salary 6 - 23 years exp. (1.2k salaries)	₹14 L/yr - ₹44.7 L/yr 11% less
Kotak Mahindra Bank Assistant Vice President Salary 6 - 18 years exp. (139 salaries)	₹11.3 L/yr - ₹38 L/yr 27% less	3 job openings
Edelweiss Assistant Vice President Salary 5 - 18 years exp. (105 salaries)	₹12 L/yr - ₹42 L/yr 15% less
SMFG India Credit Assistant Vice President Salary 7 - 19 years exp. (83 salaries)	₹17 L/yr - ₹48 L/yr 5% more
IIFL Finance Assistant Vice President Salary 8 - 17 years exp. (37 salaries)	₹13.5 L/yr - ₹31 L/yr 25% less
Tata Capital Housing Finance Assistant Vice President Salary 9 - 15 years exp. (12 salaries)	₹21 L/yr - ₹40 L/yr 7% less
Aditya Birla Capital Assistant Vice President Salary 7 - 20 years exp. (8 salaries)	₹30.5 L/yr - ₹48.5 L/yr 30% more
Reliance Capital Assistant Vice President Salary 12 - 20 years exp. (5 salaries)	₹27 L/yr - ₹53 L/yr 13% more
Aavas Financiers Assistant Vice President Salary 9 - 11 years exp. (4 salaries)	₹18.3 L/yr - ₹24 L/yr 33% less
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Shriram Finance Assistant Vice President Salary 4 - 16 years exp. (4 salaries)	₹15 L/yr - ₹19.5 L/yr 40% less
Sammaan Capital Limited Assistant Vice President Salary 7 - 13 years exp. (4 salaries)	₹18 L/yr - ₹33 L/yr 4% less
Capri Global Capital Assistant Vice President Salary 7 - 17 years exp. (3 salaries)	₹18 L/yr - ₹25 L/yr 23% less
L&T Finance Assistant Vice President Salary 5 - 12 years exp. (3 salaries)	₹28 L/yr - ₹35 L/yr 4% more

Assistant Vice President salary at Mahindra Finance ranges between ₹15 Lakhs to ₹38.5 Lakhs per year for employees with experience between 11 years to 25 years. Salary estimates are based on 19 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Assistant Vice President salaries in Mumbai

Last Updated: 26 Feb 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹15 L/yr - ₹28.5 L/yr
12 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹34 L/yr
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13 years (AmbitionBox Estimate)	₹16.5 L/yr - ₹50.6 L/yr
14 years (AmbitionBox Estimate)	₹15 L/yr - ₹51.2 L/yr
15+ years (14 salaries)	₹25 L/yr - ₹38.5 L/yr

Similar Designation salaries in Mahindra Finance

Software Engineer Salary

(5 salaries)

₹4 L/yr - ₹7.76 L/yr

Salary related reviews for Mahindra Finance

3.9

Rated by 3 employees for salary & benefits

Senior Engineer in Aurangaba Maharashtra

Technical Department

4.0

• posted on 25 May 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture,team are supportive , company polices is good but Appraisal is not satisfied but more Learning in Mahindra Rural housing finance ltd last 4yers experience also I have 6month on team mentorship work role play..

Salary - Good

+1 more

Dislikes

Yes there is lot of Politics and management dosen't address our issues Salary is decent but carrer growth is slow....due to I have resigned it..

Job security - Poor

+3 more

Area Business Manager in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 27 Dec 2024

5.0

for Salary and Benefits

Likes

We get salary timely without any delay. This is the only good thing about this company.

Salary - Excellent

+5 more

Dislikes

No hybrid work culture, no work life balance (depends on your manager), as per policy only 3rd Saturday off but that too company can withdraw it at any moment. Incentive policies are critical to achieve RBMIs. Every month is March closing. Every month last Sunday is normal working day.

Senior Business Executive in Port Blair

Full Time

Marketing & Communication Department

5.0

• posted on 12 Oct 2024

5.0

for Salary and Benefits

Likes

... have small suggestion in future we can do less paper work business like bank. We can do better then bank but some were missing salary customers they prefer bank. We are giving quick dispendment but some paper missing we can't give same days. This my suggestion our mahindra

Salary - Excellent

+6 more

Dislikes

No never I said because this is great company iam pleasure with working them my experience is 13yrs I hope future I have an good position work with our Mahindra family... Thank you jai hind....

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 more

Credit Manager in Chennai

Full Time

Finance & Accounting Department

1.0

• posted on 20 Dec 2024

2.0

for Salary and Benefits

Likes

Nil

Dislikes

...MFSL is terrible. In the past 5 years from mar 2020 lots of dislikes happened i.e changes in salary stucture, poor increment, management changes, insecurity in job, etc.,

Salary - Poor

+6 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Mahindra Finance Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at Mahindra Finance Mumbai?

Assistant Vice President salary at Mahindra Finance in Mumbai ranges between ₹15.0 Lakhs to ₹38.5 Lakhs for experience between 11 years to 25 years. According to our estimates it is 3% more than the average Assistant Vice President Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Mahindra Finance Mumbai.

How does the salary of a Assistant Vice President at Mahindra Finance Mumbai compare with the average salary range for this job?

The average salary of a Assistant Vice President at Mahindra Finance is 3% more than the average salary of a Assistant Vice President in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Assistant Vice President in Mumbai?

Aditya Birla Capital Assistant Vice President Salary - ₹30.5 Lakhs to ₹48.5 Lakhs per year
Reliance Capital Assistant Vice President Salary - ₹27.0 Lakhs to ₹53.0 Lakhs per year
SMFG India Credit Assistant Vice President Salary - ₹17.0 Lakhs to ₹48.0 Lakhs per year
L&T Finance Assistant Vice President Salary - ₹28.0 Lakhs to ₹35.0 Lakhs per year

What is the salary of a Assistant Vice President in companies similar to Mahindra Finance in Mumbai?

Sammaan Capital Limited Assistant Vice President Salary - ₹18.0 Lakhs to ₹33.0 Lakhs per year
Tata Capital Housing Finance Assistant Vice President Salary - ₹21.0 Lakhs to ₹40.0 Lakhs per year
Axis Bank Assistant Vice President Salary - ₹14.0 Lakhs to ₹44.7 Lakhs per year
HDFC Bank Assistant Vice President Salary - ₹12.0 Lakhs to ₹39.0 Lakhs per year
Edelweiss Assistant Vice President Salary - ₹12.0 Lakhs to ₹42.0 Lakhs per year

What is the estimated take home salary of a Assistant Vice President at Mahindra Finance in Mumbai?

The estimated take-home salary of a Assistant Vice President at Mahindra Finance ranges between ₹1,83,737 per month to ₹1,90,908 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Finance Assistant Vice President salary in India which ranges between ₹15.0 Lakhs to ₹38.5 Lakhs per year for employees with experience between 11 years to 25 years. Check how did we calculate take home salary?

What is the notice period for Assistant Vice President at Mahindra Finance in Mumbai?

According to AmbitionBox, 83% of the Mahindra Finance Assistant Vice Presidents in Mumbai reported a notice period of 3 Months, 11% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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Mahindra Finance Assistant Vice President Salaries in Mumbai

Mahindra Finance Assistant Vice President salary in Mumbai ranges between ₹15 Lakhs to ₹38.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Mahindra Finance latest salaries received from various employees of Mahindra Finance.