Mahindra Finance Deputy Vice President Salaries by 10+ Employees (Updated 2025)

8 - 17 years exp.

₹27.7 Lakhs - ₹48 Lakhs

Salary of majority employees

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At par with the average Deputy Vice President Salary in NBFC Companies for 8 - 17 years of experience

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Salaries in different departments

Marketing & Communication Deputy Vice President Salary 13 - 15 years exp. (3 salaries)	Unlock ₹30 L/yr - ₹35 L/yr
Legal & Regulatory Deputy Vice President Salary 13 - 17 years exp. (3 salaries)	Unlock ₹28.4 L/yr - ₹35 L/yr
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Project & Program Management Deputy Vice President Salary 13 - 14 years exp. (AmbitionBox Estimate)	Unlock ₹27.7 L/yr - ₹35 L/yr

Last Updated: 14 Feb 2025

Companies similar to Mahindra Finance for Deputy Vice President

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Vice President Salary 10 - 25 years exp. (932 salaries)	Unlock ₹19.5 L/yr - ₹56.7 L/yr 14% more
Shriram Finance Deputy Vice President Salary 7 - 12 years exp. (4 salaries)	Unlock ₹24 L/yr - ₹36.5 L/yr 10% less
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Aditya Birla Capital Deputy Vice President Salary 14 - 24 years exp. (4 salaries)	Unlock ₹44 L/yr - ₹55.2 L/yr 41% more
Edelweiss Deputy Vice President Salary 13 - 19 years exp. (45 salaries)	Unlock ₹22 L/yr - ₹44.5 L/yr 6% less
Aavas Financiers Deputy Vice President Salary 13 - 21 years exp. (17 salaries)	Unlock ₹20 L/yr - ₹40 L/yr 2% less
Capri Global Capital Deputy Vice President Salary 11 - 19 years exp. (14 salaries)	Unlock ₹26 L/yr - ₹42 L/yr 6% less
IIFL Finance Deputy Vice President Salary 12 - 21 years exp. (10 salaries)	Unlock ₹16.8 L/yr - ₹34 L/yr 26% less
Muthoot Fincorp Deputy Vice President Salary 18 - 23 years exp. (5 salaries)	Unlock ₹25 L/yr - ₹38 L/yr 13% less
Satin Creditcare Network Deputy Vice President Salary 13 - 17 years exp. (5 salaries)	Unlock ₹20.5 L/yr - ₹24 L/yr 34% less
Muthoot Microfin Deputy Vice President Salary 16 - 22 years exp. (5 salaries)	Unlock ₹24 L/yr - ₹40 L/yr 3% less
TVS Credit Deputy Vice President Salary 3 - 21 years exp. (5 salaries)	Unlock ₹55 L/yr - ₹80 L/yr 95% more
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Tata Capital Housing Finance Deputy Vice President Salary 11 - 21 years exp. (5 salaries)	Unlock ₹40 L/yr - ₹58 L/yr 42% more
Kotak Mahindra Prime Deputy Vice President Salary 15 - 23 years exp. (4 salaries)	Unlock ₹22 L/yr - ₹25 L/yr 30% less
Mahindra Rural Housing Finance Deputy Vice President Salary 14 - 21 years exp. (4 salaries)	Unlock ₹27.5 L/yr - ₹40 L/yr 1% more
Poonawalla Fincorp Deputy Vice President Salary 12 - 17 years exp. (4 salaries)	Unlock ₹46 L/yr - ₹50 L/yr 45% more
Electronica Finance Deputy Vice President Salary 13 - 20 years exp. (3 salaries)	Unlock ₹30 L/yr - ₹45 L/yr 13% more
SK Finance Limited Deputy Vice President Salary 14 - 24 years exp. (3 salaries)	Unlock ₹21 L/yr - ₹34 L/yr 16% less

Deputy Vice President salary at Mahindra Finance ranges between ₹27.7 Lakhs to ₹48 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 12 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Deputy Vice President

2d ago

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12 years exp.

6d ago

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15 years exp.

1w ago

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8 years exp.

3mo ago

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14 years exp.

6mo ago

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17 years exp.

6mo ago

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13 years exp.

7mo ago

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14 years exp.

8mo ago

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15 years exp.

1y ago

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13 years exp.

1y ago

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10 years exp.

Experience wise Mahindra Finance Deputy Vice President salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	Unlock ₹13.1 L/yr - ₹39.1 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹29.6 L/yr - ₹37.8 L/yr
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10 years (AmbitionBox Estimate)	Unlock ₹13.2 L/yr - ₹42 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹29.9 L/yr - ₹38.2 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹13.4 L/yr - ₹48 L/yr
13 years (3 salaries)	Unlock ₹27.7 L/yr - ₹60.5 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹30 L/yr - ₹60.9 L/yr
15+ years (3 salaries)	Unlock ₹30 L/yr - ₹62.2 L/yr

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Similar Designation salaries in Mahindra Finance

Associate Vice President Salary

(4 salaries)

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₹28 L/yr - ₹33 L/yr

Assistant Vice President Salary

(28 salaries)

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₹15 L/yr - ₹38.5 L/yr

Deputy Branch Manager Salary

(4 salaries)

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₹5.2 L/yr - ₹9.45 L/yr

Deputy Manager Salary

(243 salaries)

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₹4.04 L/yr - ₹12 L/yr

Regional Head Salary

(3 salaries)

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₹14 L/yr - ₹15.2 L/yr

Cluster Head Salary

(AmbitionBox Estimate)

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₹11.7 L/yr - ₹15 L/yr

Branch Head Salary

(21 salaries)

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₹2.5 L/yr - ₹8.5 L/yr

Senior Branch Manager Salary

(3 salaries)

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₹3.1 L/yr - ₹5 L/yr

Regional Manager Salary

(27 salaries)

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₹7.02 L/yr - ₹30 L/yr

Branch Manager Salary

(165 salaries)

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₹1.85 L/yr - ₹9.1 L/yr

Salary related reviews for Mahindra Finance

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

Credit Manager in Sinnar

BFSI, Investments & Trading Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

Salary - Excellent

+5 more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

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Salary Discussions, Hike & Promotions

2w (edited)

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 Deputy Vice President Salary FAQs

What is the salary of Deputy Vice President at Mahindra Finance?

Deputy Vice President salary at Mahindra Finance in India ranges between ₹27.7 Lakhs to ₹48.0 Lakhs for experience between 8 years to 17 years. According to our estimates it is 3% more than the average Deputy Vice President Salary in India. Salary estimates are based on 12 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Deputy Vice President at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Deputy Vice President at Mahindra Finance is 3% more than the average salary of a Deputy Vice President in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Deputy Vice President in India?

TVS Credit Deputy Vice President Salary - ₹55.0 Lakhs to ₹80.0 Lakhs per year
Poonawalla Fincorp Deputy Vice President Salary - ₹46.0 Lakhs to ₹50.0 Lakhs per year
Tata Capital Housing Finance Deputy Vice President Salary - ₹40.0 Lakhs to ₹58.0 Lakhs per year
Aditya Birla Capital Deputy Vice President Salary - ₹44.0 Lakhs to ₹55.2 Lakhs per year
HDFC Bank Deputy Vice President Salary - ₹19.5 Lakhs to ₹56.7 Lakhs per year

What is the salary of a Deputy Vice President in companies similar to Mahindra Finance in India?

Electronica Finance Deputy Vice President Salary - ₹30.0 Lakhs to ₹45.0 Lakhs per year
Mahindra Rural Housing Finance Deputy Vice President Salary - ₹27.5 Lakhs to ₹40.0 Lakhs per year
Aavas Financiers Deputy Vice President Salary - ₹20.0 Lakhs to ₹40.0 Lakhs per year
Muthoot Microfin Deputy Vice President Salary - ₹24.0 Lakhs to ₹40.0 Lakhs per year
Edelweiss Deputy Vice President Salary - ₹22.0 Lakhs to ₹44.5 Lakhs per year

What is the estimated take home salary of a Deputy Vice President at Mahindra Finance in India?

The estimated take-home salary of a Deputy Vice President at Mahindra Finance ranges between ₹2,05,868 per month to ₹2,14,039 per month in India. The take-home salary calculation is based on the average Mahindra Finance Deputy Vice President salary in India which ranges between ₹27.7 Lakhs to ₹48.0 Lakhs per year for employees with experience between 8 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Deputy Vice President at Mahindra Finance?

According to AmbitionBox, 93% of the Mahindra Finance Deputy Vice Presidents reported a notice period of 3 Months, 7% reported a notice period of 1 Month.This is based on 15 responses on AmbitionBox in last 2 years.

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Mahindra Finance Deputy Vice President Salaries

Mahindra Finance Deputy Vice President salary in India ranges between ₹27.7 Lakhs to ₹48 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Mahindra Finance latest salaries received from various employees of Mahindra Finance.