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Mahindra Finance Deputy Vice President salaries in India (Updated 2025)

Annual salary range
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)
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₹30 L/yr - ₹35 L/yr

Legal & Regulatory
Deputy Vice President Salary
13 - 17 years exp. (3 salaries)
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₹28.4 L/yr - ₹35 L/yr

Project & Program Management
Deputy Vice President Salary
13 - 14 years exp. (AmbitionBox Estimate)
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₹27.7 L/yr - ₹35 L/yr

Last Updated: 15 Mar 2025

Companies similar to Mahindra Finance for Deputy Vice President

Company name Avg Annual Salary Open Jobs
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Aavas Financiers Deputy Vice President Salary

13 - 21 years exp. (17 salaries)

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₹20 L/yr - ₹40 L/yr

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₹26 L/yr - ₹42 L/yr

arrow icon 6% less
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IIFL Finance Deputy Vice President Salary

12 - 21 years exp. (10 salaries)

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₹16.8 L/yr - ₹34 L/yr

arrow icon 26% less
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Muthoot Fincorp Deputy Vice President Salary

18 - 23 years exp. (5 salaries)

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₹25 L/yr - ₹38 L/yr

arrow icon 10% less
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₹20.5 L/yr - ₹24 L/yr

arrow icon 34% less
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Muthoot Microfin Deputy Vice President Salary

16 - 22 years exp. (5 salaries)

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₹24 L/yr - ₹40 L/yr

arrow icon 3% less
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TVS Credit Deputy Vice President Salary

3 - 21 years exp. (5 salaries)

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₹55 L/yr - ₹80 L/yr

arrow icon 95% more
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₹40 L/yr - ₹58 L/yr

arrow icon 42% more
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₹22 L/yr - ₹25 L/yr

arrow icon 30% less
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₹27.5 L/yr - ₹40 L/yr

arrow icon 1% more
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Shriram Finance Deputy Vice President Salary

7 - 12 years exp. (4 salaries)

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₹24 L/yr - ₹36.5 L/yr

arrow icon 10% less
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Poonawalla Fincorp Deputy Vice President Salary

12 - 17 years exp. (4 salaries)

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₹46 L/yr - ₹50 L/yr

arrow icon 45% more
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SK Finance Limited Deputy Vice President Salary

14 - 24 years exp. (3 salaries)

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₹21 L/yr - ₹34 L/yr

arrow icon 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

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12 years exp.
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8 years exp.
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14 years exp.
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17 years exp.
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13 years exp.
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14 years exp.
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15 years exp.
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Experience wise Mahindra Finance Deputy Vice President salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹13.1 L/yr - ₹39.1 L/yr
9 years (AmbitionBox Estimate)

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₹29.6 L/yr - ₹37.8 L/yr
10 years (AmbitionBox Estimate)

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₹13.2 L/yr - ₹42 L/yr
11 years (AmbitionBox Estimate)

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₹29.9 L/yr - ₹38.2 L/yr
12 years (AmbitionBox Estimate)

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₹13.4 L/yr - ₹48 L/yr
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Similar Designation salaries in Mahindra Finance

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₹27.67 L/yr - ₹33 L/yr
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₹15 L/yr - ₹38.5 L/yr
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₹5.2 L/yr - ₹9.45 L/yr
Deputy Manager Salary
(329 salaries)
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₹4 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 - ₹6.5 L/yr
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₹3.1 L/yr - ₹5 L/yr
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₹7.5 L/yr - ₹30 L/yr
Branch Manager Salary
(149 salaries)
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₹2.2 L/yr - ₹9 L/yr

Salary related reviews for Mahindra Finance

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.,

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Salary - Bad
  • +4 more

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

read more
  • 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

read more
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Mahindra Finance Deputy Vice President Salary FAQs

What is the salary of Deputy Vice President at Mahindra Finance ?
The average salary of a Deputy Vice President at Mahindra Finance in India typically ranges from ₹27.7 Lakhs to ₹48.0 Lakhs per year, depending on experience (from 8 years to 17 years).

The top 10% of Deputy Vice President at Mahindra Finance earn more than ₹43.8 Lakhs per year, and the top 1% earn over ₹48.0 Lakhs per year. Deputy Vice President 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 10+ Mahindra Finance employees in India.
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 in India typically ranges from ₹2,05,868 to ₹2,14,039 per month. This is based on the average salary range of ₹27.7 Lakhs to ₹48.0 Lakhs per year for employees with experience ranging from 8 years to 17 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 10+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Mahindra Finance for Deputy Vice President in India?
TVS Credit ₹55.0 Lakhs to ₹80.0 Lakhs per year
Poonawalla Fincorp ₹46.0 Lakhs to ₹50.0 Lakhs per year
Tata Capital Housing Finance ₹40.0 Lakhs to ₹58.0 Lakhs per year
Mahindra Rural Housing Finance ₹27.5 Lakhs to ₹40.0 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 Deputy Vice President in companies similar to Mahindra Finance in India?
The salary of a Deputy Vice President 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 ₹20.0 Lakhs to ₹40.0 Lakhs per year
Muthoot Microfin ₹24.0 Lakhs to ₹40.0 Lakhs per year
Capri Global Capital ₹26.0 Lakhs to ₹42.0 Lakhs per year
Muthoot Fincorp ₹25.0 Lakhs to ₹38.0 Lakhs per year
Shriram Finance ₹24.0 Lakhs to ₹36.5 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 Vice President at Mahindra Finance in India?
The salary growth for a Deputy Vice President at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Deputy Vice President can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
8 years ₹13.1 Lakhs to ₹39.1 Lakhs per year
9 years ₹29.6 Lakhs to ₹37.8 Lakhs per year
10 years ₹13.2 Lakhs to ₹42.0 Lakhs per year
11 years ₹29.9 Lakhs to ₹38.2 Lakhs per year
and so on.

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