Mahindra Finance Back Office Staff Salaries by 7 Employees (Updated 2025)

0 - 4 years exp.

₹1.4 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

5% less than the average Back Office Staff Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Back Office Staff Salary 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr
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Legal & Regulatory Back Office Staff Salary 3 years exp. (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.5 L/yr

Last Updated: 5 Feb 2025

Companies similar to Mahindra Finance for Back Office Staff

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Back Office Staff Salary 1 - 6 years exp. (33 salaries)	₹1.2 L/yr - ₹4.2 L/yr 18% more
Bajaj Finance Back Office Staff Salary 0 - 4 years exp. (16 salaries)	₹1 L/yr - ₹3.5 L/yr 11% more
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Shriram Finance Back Office Staff Salary 1 - 14 years exp. (7 salaries)	₹2 L/yr - ₹3 L/yr 19% more
IIFL Finance Back Office Staff Salary 0 - 6 years exp. (5 salaries)	₹2.1 L/yr - ₹3.1 L/yr 18% more
Bharat Financial Inclusion Back Office Staff Salary 0 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 2% more
Manappuram Finance Back Office Staff Salary 0 - 5 years exp. (4 salaries)	₹1.7 L/yr - ₹5 L/yr 37% more
SMFG India Credit Back Office Staff Salary 2 - 11 years exp. (4 salaries)	₹1.8 L/yr - ₹5.6 L/yr 91% more
Kotak Mahindra Prime Back Office Staff Salary 3 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹1.7 L/yr 23% less

Back Office Staff salary at Mahindra Finance ranges between ₹1.4 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Back Office Staff salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹3 L/yr
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2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹2 L/yr
4 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr

Similar Designation salaries in Mahindra Finance

Back Office Executive Salary

(44 salaries)

₹1.4 L/yr - ₹3.32 L/yr

Senior Officer Salary

(5 salaries)

₹3.42 L/yr - ₹4.62 L/yr

Office Assistant Salary

(9 salaries)

₹1.45 L/yr - ₹2.6 L/yr

Sales Executive Salary

(232 salaries)

₹1.3 L/yr - ₹4.8 L/yr

MIS Executive Salary

(18 salaries)

₹2 L/yr - ₹3.5 L/yr

Team Lead Salary

(36 salaries)

₹2.2 L/yr - ₹5.5 L/yr

Sales Coordinator Salary

(4 salaries)

₹1.15 L/yr - ₹3 L/yr

Computer Operator Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Data Entry Operator Salary

(5 salaries)

₹2 L/yr - ₹3.25 L/yr

Analyst Salary

(3 salaries)

₹1 L/yr - ₹12 L/yr

Salary related reviews for Mahindra Finance

5.0

Rated by 1 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Back Office Executive in Faizabad

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jul 2023

1.0

for Salary and Benefits

Likes

ONLY TO KNOW THAT HOW NBFC ARE WORKING AND WHAT ARE THIER PROCEDURE TO FIVE LOAN TO THE CUSTOMERS..

Dislikes

NO FAIR APRRAISAL & PROMOTIONS TO THE EMPLOYEES. IN A VERY SMALL SALARY LOTS OF WORK TO THE EMPLOYEE...AND MOST IMPORTANTLY FAVOURTISM AND REFERENCES WORKS INSTEAD OF HARDWORK HERE...

Salary - Bad

+6 more

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

Sales Executive in Moradabad

Finance & Accounting Department

5.0

• posted on 28 Apr 2021

5.0

for Salary and Benefits

Likes

Overall my current company is good for learning about the sales, competition, working ethics and most important how to writing mail, good working environment and culture. Clear and transparent policies.

Salary - Excellent

+5 more

Dislikes

...wth is slow. And appraisal is not done last year and not done in this year aslo. No salary increment and yearly bonus also stopped.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Mahindra Finance Back Office Staff Salary FAQs

What is the salary of Back Office Staff at Mahindra Finance ?

The average salary of a Back Office Staff at Mahindra Finance in India typically ranges from ₹1.4 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Back Office Staff at Mahindra Finance earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Back Office Staff Salaries at Mahindra 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 7 Mahindra Finance employees in India.

What is the estimated take home salary of a Back Office Staff at Mahindra Finance in India?

The estimated take-home salary of a Back Office Staff at Mahindra Finance in India typically ranges from ₹14,303 to ₹15,810 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 7 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Back Office Staff in India?

SMFG India Credit	₹1.8 Lakhs to ₹5.6 Lakhs per year
Manappuram Finance	₹1.7 Lakhs to ₹5.0 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹3.0 Lakhs per year
HDB Financial Services	₹1.2 Lakhs to ₹4.2 Lakhs per year
IIFL Finance	₹2.1 Lakhs to ₹3.1 Lakhs per year

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

What is the salary of a Back Office Staff in companies similar to Mahindra Finance in India?

The salary of a Back Office Staff at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Finance	₹1.0 Lakhs to ₹3.5 Lakhs per year
Bharat Financial Inclusion	₹1.5 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindra Prime	₹1.5 Lakhs to ₹1.7 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 Back Office Staff at Mahindra Finance in India?

The salary growth for a Back Office Staff at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Back Office Staff can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
Fresher	₹2.4 Lakhs to ₹4.5 Lakhs per year
1 year	₹2.2 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.4 Lakhs to ₹3.7 Lakhs per year
3 years	₹1.4 Lakhs to ₹2.0 Lakhs per year

and so on.

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Mahindra Finance Back Office Staff Salaries

Mahindra Finance Back Office Staff salary in India ranges between ₹1.4 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.