Mahindra Finance Mumbai Deputy Manager Salaries by 70+ Employees (Updated 2025)

0 - 15 years exp.

₹4.2 Lakhs - ₹11.5 Lakhs

Salary of majority employees

10% less than the average Deputy Manager Salary in NBFC Companies for 0 - 15 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 4 - 11 years exp. (11 salaries)	₹5 L/yr - ₹10.1 L/yr
Finance & Accounting Deputy Manager Salary 1 - 12 years exp. (8 salaries)	₹4.6 L/yr - ₹11 L/yr
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Risk Management & Compliance Deputy Manager Salary 2 - 12 years exp. (7 salaries)	₹6.2 L/yr - ₹8.3 L/yr
Sales & Business Development Deputy Manager Salary 0 - 15 years exp. (6 salaries)	₹5.4 L/yr - ₹10.4 L/yr
Customer Success, Service & Operations Deputy Manager Salary 4 - 15 years exp. (5 salaries)	₹4.2 L/yr - ₹7.5 L/yr

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Last Updated: 19 Mar 2025

Companies similar to Mahindra Finance for Deputy Manager in Mumbai

Mahindra Finance Deputy Manager Salary

0 - 15 years exp. (79 salaries)

₹4.2 L/yr - ₹11.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Deputy Manager Salary 2 - 12 years exp. (54 salaries)	₹3.5 L/yr - ₹10 L/yr 9% less
HDB Financial Services Deputy Manager Salary 2 - 15 years exp. (54 salaries)	₹3 L/yr - ₹9.1 L/yr 12% less
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Mahindra Rural Housing Finance Deputy Manager Salary 3 - 11 years exp. (43 salaries)	₹3.6 L/yr - ₹12 L/yr 12% less
Kotak Mahindra Prime Deputy Manager Salary 1 - 12 years exp. (38 salaries)	₹3.5 L/yr - ₹7.5 L/yr 26% less
Capri Global Capital Deputy Manager Salary 4 - 14 years exp. (28 salaries)	₹4.3 L/yr - ₹10 L/yr 14% less
Shriram Finance Deputy Manager Salary 5 - 17 years exp. (20 salaries)	₹3.8 L/yr - ₹7.6 L/yr 22% less
Bajaj Finance Deputy Manager Salary 0 - 10 years exp. (18 salaries)	₹3.2 L/yr - ₹7 L/yr 34% less	1159 job openings
Poonawalla Fincorp Deputy Manager Salary 1 - 12 years exp. (7 salaries)	₹4.4 L/yr - ₹10 L/yr At par
Muthoot Fincorp Deputy Manager Salary 6 - 13 years exp. (5 salaries)	₹3.3 L/yr - ₹5 L/yr 39% less
Sammaan Capital Limited Deputy Manager Salary 3 - 10 years exp. (5 salaries)	₹5 L/yr - ₹10.2 L/yr 10% more
Sundaram Finance Deputy Manager Salary 6 - 18 years exp. (5 salaries)	₹6.1 L/yr - ₹10.1 L/yr 8% more
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Manappuram Finance Deputy Manager Salary 4 - 10 years exp. (4 salaries)	₹3.3 L/yr - ₹6.5 L/yr 38% less
Muthoot Finance Deputy Manager Salary 7 - 14 years exp. (4 salaries)	₹5 L/yr - ₹7 L/yr 26% less

Deputy Manager salary at Mahindra Finance ranges between ₹4.2 Lakhs to ₹11.5 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 79 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Deputy Manager salaries in Mumbai

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
1 year (7 salaries)	₹7 L/yr - ₹10 L/yr
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2 years (3 salaries)	₹7.5 L/yr - ₹8.3 L/yr
3 years (11 salaries)	₹7.5 L/yr - ₹10.9 L/yr
4 years (4 salaries)	₹6 L/yr - ₹9.4 L/yr
5 years (6 salaries)	₹7.2 L/yr - ₹10.8 L/yr
6 years (9 salaries)	₹5 L/yr - ₹11.5 L/yr
7 years (7 salaries)	₹5.7 L/yr - ₹9 L/yr
8 years (14 salaries)	₹4.2 L/yr - ₹11 L/yr
9 years (6 salaries)	₹4.6 L/yr - ₹10.4 L/yr
10 years (4 salaries)	₹6.2 L/yr - ₹10.3 L/yr
11 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
12 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
13 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
14 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
15+ years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

0 - 15 years exp.

Senior Manager

₹

Lakhs/yr

4 - 13 years exp.

Deputy Manager 0 - 15 years exp.

Manager 5 - 17 years exp.

40% hike

Senior Manager 4 - 13 years exp.

75% hike

From

View 1 more level

Deputy Manager

0 - 15 years exp.

Divisional Manager

9 - 22 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.

Similar Designation salaries in Mahindra Finance

Project Manager Salary

(13 salaries)

₹8 L/yr - ₹25.2 L/yr

Branch Manager Salary

(3 salaries)

₹4.3 L/yr - ₹6.1 L/yr

Top skills at Mahindra Finance for Deputy Manager

Civil Engineering Inventory Management Monitoring Communication Skills Offer Negotiation Critical Care PPAP SAP CO Relationship Management Costing Project Management Supply Chain Management Outsourcing Project Management Operations

Salary related reviews for Mahindra Finance

3.9

Rated by 11 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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Mahindra Finance in Mumbai?

The average salary of a Deputy Manager at Mahindra Finance in Mumbai typically ranges from ₹4.2 Lakhs to ₹11.5 Lakhs per year, depending on experience (from Fresher to 15 years).

The top 10% of Deputy Manager in Mumbai at Mahindra Finance earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹11.4 Lakhs per year. Deputy 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 70+ Mahindra Finance employees in India.

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

The estimated take-home salary of a Deputy Manager at Mahindra Finance in Mumbai typically ranges from ₹56,894 to ₹58,324 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹11.5 Lakhs per year for employees with experience ranging from Fresher to 15 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 70+ 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 Deputy Manager at Mahindra Finance in Mumbai?

To be a Deputy Manager at Mahindra Finance in Mumbai, the key skills required include:

- Civil Engineering
- Inventory Management
- Monitoring
- Communication Skills
- Offer Negotiation

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 Deputy Manager in India?

Sammaan Capital Limited	₹5.0 Lakhs to ₹10.2 Lakhs per year
Sundaram Finance	₹6.1 Lakhs to ₹10.1 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 Deputy Manager in companies similar to Mahindra Finance in Mumbai?

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

Poonawalla Fincorp	₹4.4 Lakhs to ₹10.0 Lakhs per year
IIFL Finance	₹3.5 Lakhs to ₹10.0 Lakhs per year
Mahindra Rural Housing Finance	₹3.6 Lakhs to ₹12.0 Lakhs per year
HDB Financial Services	₹3.0 Lakhs to ₹9.1 Lakhs per year
Capri Global Capital	₹4.3 Lakhs to ₹10.0 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 Deputy Manager at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹7.5 Lakhs to ₹9.6 Lakhs per year
1 year	₹7.0 Lakhs to ₹10.0 Lakhs per year
2 years	₹7.5 Lakhs to ₹8.3 Lakhs per year
3 years	₹7.5 Lakhs to ₹10.9 Lakhs per year

and so on.

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Mahindra Finance Deputy Manager Salaries in Mumbai

Mahindra Finance Deputy Manager salary in Mumbai ranges between ₹4.2 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 79 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Deputy Manager salaries in Mumbai (Updated 2025)

Companies similar to Mahindra Finance for Deputy Manager in Mumbai

Latest annual salaries shared by Mahindra Finance Deputy Manager in Mumbai

Experience wise Mahindra Finance Deputy Manager salaries in Mumbai

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Deputy Manager

Salary related reviews for Mahindra Finance

Deputy Manager in Mumbai

Deputy Manager in Chandigarh Sector 34 A

Relationship Manager in Chandigarh

Customer Service Manager in Kolkata

Customer Service Manager

Mahindra Finance Deputy Manager Salary FAQs

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