Mahindra Finance Business Manager Salaries by 20+ Employees (Updated 2025)

3 - 10 years exp.

₹2.5 Lakhs - ₹10.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

45% less than the average Business Manager Salary in NBFC Companies for 3 - 10 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development Business Manager Salary 7 - 10 years exp. (5 salaries)	₹7.1 L/yr - ₹12.4 L/yr
BFSI, Investments & Trading Business Manager Salary 6 - 10 years exp. (4 salaries)	₹4.3 L/yr - ₹7.2 L/yr
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Customer Success, Service & Operations Business Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.2 L/yr
Finance & Accounting Business Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.2 L/yr

Last Updated: 16 Mar 2025

Companies similar to Mahindra Finance for Business Manager

Company name	Avg Annual Salary	Open Jobs
L&T Finance Business Manager Salary 2 - 10 years exp. (251 salaries)	₹3.4 L/yr - ₹9 L/yr 6% more
Aavas Financiers Business Manager Salary 5 - 13 years exp. (207 salaries)	₹3 L/yr - ₹8 L/yr 5% less	2 job openings
Login to view exact salary
Shriram Finance Business Manager Salary 6 - 13 years exp. (39 salaries)	₹3 L/yr - ₹9 L/yr 18% less
IIFL Finance Business Manager Salary 1 - 4 years exp. (5 salaries)	₹5.5 L/yr - ₹7 L/yr 6% more
Bharat Financial Inclusion Business Manager Salary 0 - 24 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 59% less
SMFG India Credit Business Manager Salary 1 - 8 years exp. (4 salaries)	₹6 L/yr - ₹26.2 L/yr 167% more
Muthoot Fincorp Business Manager Salary 6 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹8 L/yr 6% less
TVS Credit Business Manager Salary 10 - 14 years exp. (3 salaries)	₹3 L/yr - ₹5.8 L/yr 26% less
HDB Financial Services Business Manager Salary 2 - 16 years exp. (3 salaries)	₹3 L/yr - ₹5.3 L/yr 31% less

Business Manager salary at Mahindra Finance ranges between ₹2.5 Lakhs to ₹10.8 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 21 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Business Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr
4 years (3 salaries)	₹3.5 L/yr - ₹10.2 L/yr
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5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹10.6 L/yr
6 years (4 salaries)	₹2.5 L/yr - ₹7.2 L/yr
7 years (3 salaries)	₹4.3 L/yr - ₹10.8 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹10.8 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹11.8 L/yr
10 years (5 salaries)	₹6 L/yr - ₹11.4 L/yr

View all

Similar Designation salaries in Mahindra Finance

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(381 salaries)

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₹7.5 L/yr - ₹30 L/yr

Store Manager Salary

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₹5 L/yr - ₹26.5 L/yr

Area Manager Salary

(90 salaries)

₹3.5 L/yr - ₹14.1 L/yr

Deputy Manager Salary

(345 salaries)

₹4 L/yr - ₹12 L/yr

Territory Manager Salary

(12 salaries)

₹5 L/yr - ₹10.25 L/yr

Area Sales Manager Salary

(76 salaries)

₹4.2 L/yr - ₹16.32 L/yr

Marketing Manager Salary

(9 salaries)

₹12 L/yr - ₹17 L/yr

Top skills at Mahindra Finance for Business Manager

Working Capital Mortgage Loans term loan Interpersonal Skills Credit Assessment Market Research Malayalam SME Sales Loans mortgage NBFC Salesforce Bengali CCTV Monitoring Enterprise

Salary related reviews for Mahindra Finance

3.3

Rated by 6 employees for salary & benefits

Business Manager in Hazaribag

Other Department

4.0

• posted on 31 Oct 2019

3.0

for Salary and Benefits

Likes

As a finance service provider MMSFL is the best in market. "Jo Bolta hai Wo karta hai".

Skill development - Good

+3 more

Dislikes

...son. 😊😊 No hard feeling but I believe "Jo Hota hai Achhe k lia hi Hota" Now my salary has increased where I am working and I am happy.😊 Thank you MMFSL for giving me all the knowledge about as finance service provider. 🙏

Sales Executive in Salem

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

Salary - Bad

+4 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.

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

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.

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Mahindra Finance Business Manager Salary FAQs

What is the salary of Business Manager at Mahindra Finance ?

The average salary of a Business Manager at Mahindra Finance in India typically ranges from ₹2.5 Lakhs to ₹10.8 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of Business Manager at Mahindra Finance earn more than ₹11.2 Lakhs per year, and the top 1% earn over ₹12.4 Lakhs per year. Business 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 Manager at Mahindra Finance in India?

The estimated take-home salary of a Business Manager at Mahindra Finance in India typically ranges from ₹46,672 to ₹47,777 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹10.8 Lakhs per year for employees with experience ranging from 3 years to 10 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 Manager at Mahindra Finance ?

To be a Business Manager at Mahindra Finance in india, the key skills required include:

- Working Capital
- Mortgage Loans
- term loan
- Interpersonal Skills
- Credit Assessment

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 Manager in India?

SMFG India Credit	₹6.0 Lakhs to ₹26.2 Lakhs per year
L&T Finance	₹3.4 Lakhs to ₹9.0 Lakhs per year
IIFL Finance	₹5.5 Lakhs to ₹7.0 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 Manager in companies similar to Mahindra Finance in India?

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

Aavas Financiers	₹3.0 Lakhs to ₹8.0 Lakhs per year
Muthoot Fincorp	₹3.5 Lakhs to ₹8.0 Lakhs per year
Shriram Finance	₹3.0 Lakhs to ₹9.0 Lakhs per year
TVS Credit	₹3.0 Lakhs to ₹5.8 Lakhs per year
HDB Financial Services	₹3.0 Lakhs to ₹5.3 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 Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
3 years	₹2.2 Lakhs to ₹6.0 Lakhs per year
4 years	₹3.5 Lakhs to ₹10.2 Lakhs per year
5 years	₹2.5 Lakhs to ₹10.6 Lakhs per year
6 years	₹2.5 Lakhs to ₹7.2 Lakhs per year

and so on.

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Mahindra Finance Business Manager Salaries

Mahindra Finance Business Manager salary in India ranges between ₹2.5 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Mahindra Finance latest salaries received from various employees of Mahindra Finance.