Mahindra Finance Chief Manager Salaries by 40+ Employees (Updated 2025)

2 - 19 years exp.

₹15 Lakhs - ₹30 Lakhs

Salary of majority employees

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5% less than the average Chief Manager Salary in NBFC Companies for 2 - 19 years of experience

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Salaries in different departments

Risk Management & Compliance Chief Manager Salary 6 - 19 years exp. (8 salaries)	Unlock ₹17 L/yr - ₹27 L/yr
Data Science & Analytics Chief Manager Salary 5 - 15 years exp. (7 salaries)	Unlock ₹21 L/yr - ₹27 L/yr
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BFSI, Investments & Trading Chief Manager Salary 17 - 19 years exp. (3 salaries)	Unlock ₹15.3 L/yr - ₹27.5 L/yr
Sales & Business Development Chief Manager Salary 15 - 17 years exp. (3 salaries)	Unlock ₹19.6 L/yr - ₹20.5 L/yr
Engineering - Software & QA Chief Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	Unlock ₹21.4 L/yr - ₹24 L/yr

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Last Updated: 10 Mar 2025

Companies similar to Mahindra Finance for Chief Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Chief Manager Salary 8 - 15 years exp. (13 salaries)	Unlock ₹8 L/yr - ₹26 L/yr 12% less
ICICI Bank Chief Manager Salary 5 - 23 years exp. (2.2k salaries)	Unlock ₹13 L/yr - ₹39 L/yr 19% more
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Axis Bank Chief Manager Salary 9 - 15 years exp. (5 salaries)	Unlock ₹13 L/yr - ₹16.6 L/yr 23% less
Bajaj Finance Chief Manager Salary 2 - 17 years exp. (3 salaries)	Unlock ₹8.5 L/yr - ₹30 L/yr At par
Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (877 salaries)	Unlock ₹8.8 L/yr - ₹28 L/yr 13% less
Edelweiss Chief Manager Salary 6 - 16 years exp. (182 salaries)	Unlock ₹9.8 L/yr - ₹37.9 L/yr 4% more
L&T Finance Chief Manager Salary 8 - 18 years exp. (86 salaries)	Unlock ₹19.8 L/yr - ₹55 L/yr 80% more
TVS Credit Chief Manager Salary 7 - 20 years exp. (72 salaries)	Unlock ₹17 L/yr - ₹41 L/yr 47% more	1 job opening
Manappuram Finance Chief Manager Salary 8 - 15 years exp. (47 salaries)	Unlock ₹4.5 L/yr - ₹12.3 L/yr 63% less
Cholamandalam Investment & Finance Chief Manager Salary 1 - 16 years exp. (32 salaries)	Unlock ₹6.4 L/yr - ₹12 L/yr 62% less
Aditya Birla Capital Chief Manager Salary 6 - 16 years exp. (25 salaries)	Unlock ₹14 L/yr - ₹34.2 L/yr 2% more
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Kotak Mahindra Prime Chief Manager Salary 5 - 19 years exp. (22 salaries)	Unlock ₹11 L/yr - ₹19 L/yr 28% less
Poonawalla Fincorp Chief Manager Salary 4 - 16 years exp. (21 salaries)	Unlock ₹15.7 L/yr - ₹26 L/yr 3% less
Muthoot Microfin Chief Manager Salary 7 - 19 years exp. (20 salaries)	Unlock ₹8.4 L/yr - ₹19 L/yr 37% less
Sammaan Capital Limited Chief Manager Salary 3 - 15 years exp. (16 salaries)	Unlock ₹9 L/yr - ₹19 L/yr 30% less
Capri Global Capital Chief Manager Salary 7 - 14 years exp. (12 salaries)	Unlock ₹19 L/yr - ₹30 L/yr 2% less
Muthoot Finance Chief Manager Salary 12 - 18 years exp. (11 salaries)	Unlock ₹8.7 L/yr - ₹14.3 L/yr 42% less
Reliance Capital Chief Manager Salary 5 - 13 years exp. (10 salaries)	Unlock ₹17 L/yr - ₹36 L/yr 11% more
Bharat Financial Inclusion Chief Manager Salary 8 - 18 years exp. (10 salaries)	Unlock ₹22 L/yr - ₹32 L/yr 23% more
PNB Housing Finance Chief Manager Salary 8 - 21 years exp. (10 salaries)	Unlock ₹20.8 L/yr - ₹40 L/yr 52% more

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Chief Manager salary at Mahindra Finance ranges between ₹15 Lakhs to ₹30 Lakhs per year for employees with experience between 2 years to 19 years. Salary estimates are based on 46 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Chief Manager

2d ago

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17 years exp.

3d ago

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6 years exp.

3d ago

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6 years exp.

3d ago

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6 years exp.

2w ago

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2 years exp.

2w ago

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4 years exp.

1mo ago

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16 years exp.

1mo ago

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10 years exp.

1mo ago

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5 years exp.

1mo ago

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11 years exp.

Experience wise Mahindra Finance Chief Manager salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹28.6 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹21 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹24 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹26 L/yr
6 years (6 salaries)	Unlock ₹8.4 L/yr - ₹28 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹25 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹20.7 L/yr - ₹37.7 L/yr
9 years (3 salaries)	Unlock ₹15 L/yr - ₹25 L/yr
10 years (4 salaries)	Unlock ₹15.6 L/yr - ₹26 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹30 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹17 L/yr - ₹24 L/yr
13 years (4 salaries)	Unlock ₹16.5 L/yr - ₹27 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹21 L/yr
15+ years (15 salaries)	Unlock ₹15 L/yr - ₹27.5 L/yr

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Similar Designation salaries in Mahindra Finance

Area Manager Salary

(98 salaries)

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₹3.5 L/yr - ₹14 L/yr

Sales Manager Salary

(107 salaries)

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₹2.35 L/yr - ₹8.2 L/yr

Credit Manager Salary

(90 salaries)

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₹2.3 L/yr - ₹12.1 L/yr

Cluster Manager Salary

(34 salaries)

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₹6.5 L/yr - ₹16 L/yr

Branch Manager Salary

(165 salaries)

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₹1.85 L/yr - ₹9.1 L/yr

Deputy Manager Salary

(242 salaries)

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₹4.04 L/yr - ₹12 L/yr

Territory Manager Salary

(12 salaries)

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₹5 L/yr - ₹10.25 L/yr

Operations Manager Salary

(12 salaries)

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₹1.3 L/yr - ₹6.7 L/yr

Area Sales Manager Salary

(71 salaries)

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₹4.2 L/yr - ₹16.35 L/yr

Sales Officer Salary

(54 salaries)

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₹1.65 L/yr - ₹4.56 L/yr

Top skills at Mahindra Finance for Chief Manager

Employer Branding

Salary related reviews for Mahindra Finance

3.0

Rated by 4 employees for salary & benefits

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

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

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.

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

Credit Manager in Mumbai

BFSI, Investments & Trading Department

2.0

• posted on 28 Jun 2022

1.0

for Salary and Benefits

Likes

There are no lines except some work life balance. That too is deteriorating offlate.

Job security - Good

Dislikes

...ponent. It may or may not provide Performance Pay depending on many variables. New recruits be careful while negotiating salary. The HR will tell Performance Pay is assured and is paid almost certainly. Don't believe that. This is not true. Ask for increment on Fixed, not overall CTC. Just because they mention Performance Pay on offer letter CTC, there is no assurance, that they have to give you. Lots of politics and partiality over Performance. The company used to be good. Not anymore after 2019. HR is meaningless and can't help with anything. Off role employees (colleagues) were laid off with just 15 days salary. Not a professional organisation. Lots of Management issues.

Salary - Bad

+4 more

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Salary Discussions, Hike & Promotions

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an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Mahindra Finance Chief Manager Salary FAQs

What is the salary of Chief Manager at Mahindra Finance?

Chief Manager salary at Mahindra Finance in India ranges between ₹15.0 Lakhs to ₹30.0 Lakhs for experience between 2 years to 19 years. According to our estimates it is 5% less than the average Chief Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Chief Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Chief Manager at Mahindra Finance is 5% less than the average salary of a Chief Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Chief Manager at Mahindra Finance?

Employer Branding is a popular skill required to work as a Chief Manager at Mahindra Finance.

Which similar companies are paying more than Mahindra Finance to a Chief Manager in India?

L&T Finance Chief Manager Salary - ₹19.8 Lakhs to ₹55.0 Lakhs per year
PNB Housing Finance Chief Manager Salary - ₹20.8 Lakhs to ₹40.0 Lakhs per year
TVS Credit Chief Manager Salary - ₹17.0 Lakhs to ₹41.0 Lakhs per year
Bharat Financial Inclusion Chief Manager Salary - ₹22.0 Lakhs to ₹32.0 Lakhs per year
ICICI Bank Chief Manager Salary - ₹13.0 Lakhs to ₹39.0 Lakhs per year

What is the salary of a Chief Manager in companies similar to Mahindra Finance in India?

Reliance Capital Chief Manager Salary - ₹17.0 Lakhs to ₹36.0 Lakhs per year
Edelweiss Chief Manager Salary - ₹9.8 Lakhs to ₹37.9 Lakhs per year
Aditya Birla Capital Chief Manager Salary - ₹14.0 Lakhs to ₹34.2 Lakhs per year
Bajaj Finance Chief Manager Salary - ₹8.5 Lakhs to ₹30.0 Lakhs per year
Capri Global Capital Chief Manager Salary - ₹19.0 Lakhs to ₹30.0 Lakhs per year

What is the estimated take home salary of a Chief Manager at Mahindra Finance in India?

The estimated take-home salary of a Chief Manager at Mahindra Finance ranges between ₹1,36,706 per month to ₹1,41,750 per month in India. The take-home salary calculation is based on the average Mahindra Finance Chief Manager salary in India which ranges between ₹15.0 Lakhs to ₹30.0 Lakhs per year for employees with experience between 2 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at Mahindra Finance?

According to AmbitionBox, 69% of the Mahindra Finance Chief Managers reported a notice period of 3 Months, 11% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 49 responses on AmbitionBox in last 2 years.

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Mahindra Finance Chief Manager Salaries

Mahindra Finance Chief Manager salary in India ranges between ₹15 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Chief Manager salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Chief Manager

Latest annual salaries shared by Mahindra Finance Chief Manager

Experience wise Mahindra Finance Chief Manager salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Chief Manager

Salary related reviews for Mahindra Finance

Sales Executive in Salem

Credit Manager in Chennai

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Credit Manager in Mumbai

Mahindra Finance Chief Manager Salary FAQs

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Mahindra Finance Chief Manager Salaries by Location