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Mahindra Finance

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Mahindra Finance Business Development Manager salaries in India (Updated 2025)

Annual salary range
2 - 8 years exp.
₹2.3 Lakhs - ₹10.2 Lakhs
Salary of majority employees
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26% less than the average Business Development Manager Salary in NBFC Companies for 2 - 8 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
2 - 7 years exp. (9 salaries)
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₹2.3 L/yr - ₹6.7 L/yr

Finance & Accounting
Business Development Manager Salary
2 - 8 years exp. (7 salaries)
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₹2.7 L/yr - ₹5.9 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
2 - 4 years exp. (3 salaries)
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₹2.3 L/yr - ₹5.8 L/yr

Last Updated: 27 Feb 2025

Companies similar to Mahindra Finance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹2.6 L/yr - ₹6.8 L/yr

arrow icon 31% less
Logo
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₹1.9 L/yr - ₹8 L/yr

arrow icon 19% less
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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 30% less
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₹2.7 L/yr - ₹6.3 L/yr

arrow icon 21% less
2 job openings
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₹2 L/yr - ₹4.3 L/yr

arrow icon 50% less
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₹2.5 L/yr - ₹5 L/yr

arrow icon 34% less
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₹2.2 L/yr - ₹4.8 L/yr

arrow icon 41% less
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₹1.8 L/yr - ₹4.1 L/yr

arrow icon 55% less
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₹4.8 L/yr - ₹11 L/yr

arrow icon 19% more
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₹8.1 L/yr - ₹13.4 L/yr

arrow icon 63% more
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₹2.5 L/yr - ₹6 L/yr

arrow icon 40% less
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₹2.2 L/yr - ₹3.7 L/yr

arrow icon 43% less
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₹3 L/yr - ₹6.5 L/yr

arrow icon 30% less
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₹10 L/yr - ₹12 L/yr

arrow icon 91% more
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₹7 L/yr - ₹12 L/yr

arrow icon 57% more
Logo
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₹6 L/yr - ₹15 L/yr

arrow icon 89% more
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₹1.9 L/yr - ₹7 L/yr

arrow icon 20% less
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₹2.5 L/yr - ₹4.8 L/yr

arrow icon 29% less
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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 46% less
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₹1 L/yr - ₹7.2 L/yr

arrow icon 29% less
View all
Business Development Manager salary at Mahindra Finance ranges between ₹2.3 Lakhs to ₹10.2 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 21 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Business Development Manager

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Experience wise Mahindra Finance Business Development Manager salaries

Last Updated: 27 Feb 2025

Experience Avg Annual Salary
2 years  (4 salaries)

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₹3.2 L/yr - ₹8.5 L/yr
3 years  (5 salaries)

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₹2.3 L/yr - ₹9.5 L/yr
4 years  (3 salaries)

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₹2.4 L/yr - ₹9.8 L/yr
5 years  (4 salaries)

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₹2.7 L/yr - ₹10.1 L/yr
6 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹10.4 L/yr
View all

Similar Designation salaries in Mahindra Finance

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₹15 L/yr - ₹36 L/yr
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₹2.09 L/yr - ₹3.5 L/yr
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₹1.5 L/yr - ₹6.5 L/yr
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₹2.5 L/yr - ₹10.75 L/yr
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₹30 L/yr - ₹58 L/yr
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₹3.65 L/yr - ₹8.75 L/yr
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₹2.6 L/yr - ₹4.7 L/yr
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₹7.5 L/yr - ₹10.5 L/yr
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₹4.2 L/yr - ₹16.32 L/yr
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₹8 L/yr - ₹14 L/yr

Top skills at Mahindra Finance for Business Development Manager

Relationship Management Business Development Leasing Customer Acquisition Team Management Construction Equipment Commercial Vehicle hcv Customer Satisfaction SME Business Development Management Market Intelligence Project Management Customer Relationship Operations

Salary related reviews for Mahindra Finance

4.6

Rated by 7 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 02 Mar 2025

1.0
 for  Salary and Benefits

Likes

Can learn everything thing

  • Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

read more
  • Salary - Bad
  • +4 more

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.

read more
  • 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.

read more

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

read more
  • Salary - Poor
  • +2 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 27 Jan 2024

4.0
 for  Salary and Benefits

Likes

Job security Not much of work load Salary and incentives are good

  • Salary - Good
  • +1 more

Dislikes

Lots of work pressure Unrealistic targets and undue pressure to achieve Partiality to get growth Partiality from top management for growth in position Uneducated and incapable top management are placed and they put undue pressure to down the line staff Top management puts entire workload on Staff even daily reports are to be prepared by someone in team

read more
  • Skill development - Poor
  • +3 more
see more salary related reviews

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Mahindra Finance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Mahindra Finance ?
The average salary of a Business Development Manager at Mahindra Finance in India typically ranges from ₹2.3 Lakhs to ₹10.2 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Business Development Manager at Mahindra Finance earn more than ₹12.4 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Business Development Manager 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 20+ Mahindra Finance employees in India.
What is the estimated take home salary of a Business Development Manager at Mahindra Finance in India?
The estimated take-home salary of a Business Development Manager at Mahindra Finance in India typically ranges from ₹42,486 to ₹43,614 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹10.2 Lakhs per year for employees with experience ranging from 2 years to 8 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 20+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Development Manager at Mahindra Finance ?
To be a Business Development Manager at Mahindra Finance in india, the key skills required include:

  • - Relationship Management
  • - Business Development
  • - Leasing
  • - Customer Acquisition
  • - Team Management

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mahindra Finance for Business Development Manager in India?
Poonawalla Fincorp ₹10.0 Lakhs to ₹12.0 Lakhs per year
TVS Credit ₹6.0 Lakhs to ₹15.0 Lakhs per year
Spandana Sphoorty Financial ₹8.0 Lakhs to ₹10.0 Lakhs per year
L&T Finance ₹8.1 Lakhs to ₹13.4 Lakhs per year
PNB Housing Finance ₹7.0 Lakhs to ₹12.0 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 Business Development Manager in companies similar to Mahindra Finance in India?
The salary of a Business Development Manager at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Sundaram Finance ₹4.8 Lakhs to ₹11.0 Lakhs per year
IIFL Finance ₹1.9 Lakhs to ₹8.0 Lakhs per year
Aavas Financiers ₹1.9 Lakhs to ₹7.0 Lakhs per year
Muthoot Finance ₹2.7 Lakhs to ₹6.3 Lakhs per year
Bajaj Finance ₹2.5 Lakhs to ₹4.8 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 Business Development Manager at Mahindra Finance in India?
The salary growth for a Business Development Manager at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
2 years ₹3.2 Lakhs to ₹8.5 Lakhs per year
3 years ₹2.3 Lakhs to ₹9.5 Lakhs per year
4 years ₹2.4 Lakhs to ₹9.8 Lakhs per year
5 years ₹2.7 Lakhs to ₹10.1 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Finance Business Development Manager salary in India ranges between ₹2.3 Lakhs to ₹10.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Mahindra Finance latest salaries received from various employees of Mahindra Finance.