Mahindra Finance Ludhiana Deputy Manager Salaries by 4 Employees (Updated 2025)

5 - 14 years exp.

₹4.5 Lakhs - ₹8 Lakhs

Salary of majority employees

25% less than the average Deputy Manager Salary in NBFC Companies for 5 - 14 years of experience

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Salaries in different departments

Sales & Business Development Deputy Manager Salary 9 - 12 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹8 L/yr
BFSI, Investments & Trading Deputy Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹6.9 L/yr
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Marketing & Communication Deputy Manager Salary 14 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.1 L/yr

Last Updated: 4 Apr 2024

Companies similar to Mahindra Finance for Deputy Manager in Ludhiana

Mahindra Finance Deputy Manager Salary

5 - 14 years exp. (4 salaries)

₹4.5 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Prime Deputy Manager Salary 2 - 11 years exp. (7 salaries)	₹4 L/yr - ₹6.2 L/yr 18% less
HDB Financial Services Deputy Manager Salary 8 - 10 years exp. (3 salaries)	₹5.8 L/yr - ₹8.7 L/yr 2% more
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Capital Small Finance Bank Deputy Manager Salary 5 - 10 years exp. (23 salaries)	₹3.8 L/yr - ₹6.5 L/yr 20% less
Hero Cycles Deputy Manager Salary 7 - 15 years exp. (23 salaries)	₹6 L/yr - ₹13.5 L/yr 37% more
Hero Motors Company Deputy Manager Salary 8 - 13 years exp. (14 salaries)	₹6.5 L/yr - ₹12.8 L/yr 82% more

Deputy Manager salary at Mahindra Finance ranges between ₹4.5 Lakhs to ₹8 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Deputy Manager salaries in Ludhiana

Last Updated: 4 Apr 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
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7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.8 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹8 L/yr
13 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
14 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹6.5 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

0 - 14 years exp.

Divisional Manager

₹

Lakhs/yr

10 - 22 years exp.

Deputy Manager 0 - 14 years exp.

Area Business Manager 4 - 18 years exp.

25% hike

Divisional Manager 10 - 22 years exp.

104% hike

From

1 more level

Deputy Manager

0 - 14 years exp.

Senior Manager

4 - 14 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Top skills at Mahindra Finance for Deputy Manager

Monitoring Costing Project Management Inventory Management Outsourcing Communication Skills Operations Human Capital Management Cost Reduction Variance Analysis PPAP Cost Reduction SAP CO CAD Pivot Table

Salary related reviews for Mahindra Finance

4.4

Rated by 2 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.

Deputy Manager in Chandigarh Sector 34 A

Full Time

Finance & Accounting Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

I m working with this company since 17 years. There is well work life balance. Time to time new technology introduced by Co. And get trained by them. This Co. Is great place to work..

Salary - Excellent

+6 more

Dislikes

Only salary package..

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

Customer Service Manager in Kolkata

Finance & Accounting Department

1.0

• posted on 04 Dec 2020

2.0

for Salary and Benefits

Likes

...ation from last 8 months every employees suffering for salery isse, every month dedicating our 6k to 7k salary / month

Job security - Good

+1 more

Dislikes

1st of all salary issue

Salary - Poor

+4 more

Customer Service Manager

Finance Department

1.0

• posted on 22 Sep 2017

1.0

for Salary and Benefits

Likes

... there is no culture and no job security . Managers not approve travel claim. Compeny has not given salary of my notice period .

Dislikes

There is No culture

Salary - Bad

+6 more

see more salary related reviews

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fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Mahindra Finance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Mahindra Finance Ludhiana?

Deputy Manager salary at Mahindra Finance in Ludhiana ranges between ₹4.5 Lakhs to ₹8.0 Lakhs for experience between 5 years to 14 years. According to our estimates it is 25% less than the average Deputy Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance Ludhiana.

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

The average salary of a Deputy Manager at Mahindra Finance is 25% less than the average salary of a Deputy Manager in Ludhiana. To know exact salary insights, login to view.

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

Monitoring, Costing, Project Management, Inventory Management and Outsourcing are some of the popular skills required to work as a Deputy Manager at Mahindra Finance Ludhiana.

Which similar companies are paying more than Mahindra Finance to a Deputy Manager in Ludhiana?

Hero Motors Company Deputy Manager Salary - ₹6.5 Lakhs to ₹12.8 Lakhs per year
Hero Cycles Deputy Manager Salary - ₹6.0 Lakhs to ₹13.5 Lakhs per year
HDB Financial Services Deputy Manager Salary - ₹5.8 Lakhs to ₹8.7 Lakhs per year

What is the salary of a Deputy Manager in companies similar to Mahindra Finance in Ludhiana?

Kotak Mahindra Prime Deputy Manager Salary - ₹4.0 Lakhs to ₹6.2 Lakhs per year
Capital Small Finance Bank Deputy Manager Salary - ₹3.8 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Deputy Manager at Mahindra Finance in Ludhiana?

The estimated take-home salary of a Deputy Manager at Mahindra Finance ranges between ₹50,447 per month to ₹51,637 per month in Ludhiana. The take-home salary calculation is based on the average Mahindra Finance Deputy Manager salary in India which ranges between ₹4.5 Lakhs to ₹8.0 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager at Mahindra Finance in Ludhiana?

According to AmbitionBox, 50% of the Mahindra Finance Deputy Managers in Ludhiana reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Mahindra Finance Deputy Manager Salaries in Ludhiana

Mahindra Finance Deputy Manager salary in Ludhiana ranges between ₹4.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.