Mahindra Finance Indore Divisional Manager Salaries by 10+ Employees (Updated 2025)

11 - 19 years exp.

₹16.3 Lakhs - ₹28.5 Lakhs

Salary of majority employees

17% more than the average Divisional Manager Salary in NBFC Companies for 11 - 19 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Divisional Manager Salary 11 - 19 years exp. (10 salaries)	₹16.3 L/yr - ₹25 L/yr
Finance & Accounting Divisional Manager Salary 19 years exp. (AmbitionBox Estimate)	₹13.6 L/yr - ₹28.5 L/yr
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Sales & Business Development Divisional Manager Salary 15 years exp. (AmbitionBox Estimate)	₹16.9 L/yr - ₹20.4 L/yr
Strategic & Top Management Divisional Manager Salary 18 years exp. (AmbitionBox Estimate)	₹17.3 L/yr - ₹25 L/yr

Last Updated: 15 Mar 2025

Companies similar to Mahindra Finance for Divisional Manager in Indore

Mahindra Finance Divisional Manager Salary

11 - 19 years exp. (13 salaries)

₹16.3 L/yr - ₹28.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL SAMASTA Divisional Manager Salary 2 - 4 years exp. (3 salaries)	₹7 L/yr - ₹9 L/yr 54% less
Login to view exact salary
Syngenta Divisional Manager Salary 17 - 18 years exp. (3 salaries)	₹36 L/yr - ₹50.8 L/yr 180% more

Divisional Manager salary at Mahindra Finance ranges between ₹16.3 Lakhs to ₹28.5 Lakhs per year for employees with experience between 11 years to 19 years. Salary estimates are based on 13 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Divisional Manager salaries in Indore

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.3 L/yr
12 years (AmbitionBox Estimate)	₹14 L/yr - ₹17.8 L/yr
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13 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
14 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
15+ years (11 salaries)	₹17 L/yr - ₹28.5 L/yr

Similar Designation salaries in Mahindra Finance

Relationship Manager Salary

(8 salaries)

₹3 L/yr - ₹6 L/yr

Deputy Manager Salary

(7 salaries)

₹5 L/yr - ₹8.6 L/yr

Branch Manager Salary

(4 salaries)

₹4 L/yr - ₹6.7 L/yr

Business Manager Salary

(3 salaries)

₹2.5 L/yr - ₹6.25 L/yr

Top skills at Mahindra Finance for Divisional Manager

Team Development Team Management Training Recruitment Channel Partners Portfolio Management Manpower Planning Sales Business Planning Service Level Dealer Management Aircraft Handling Malayalam Team Handling Advisory

Salary related reviews for Mahindra Finance

Divisional Manager in Lucknow

Sales & Business Development Department

5.0

• posted on 14 Jun 2020

5.0

for Salary and Benefits

Likes

As of now, senior management has taken care of all employees at optimum level. I have listen some very disturbing news related to job losses & salary cuts from other companies, fortunately Mahindra Finance is handling this adversity.

Salary - Excellent

+5 more

Dislikes

Nothing as of now related to pandemic period.

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

Area Business Manager in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 27 Dec 2024

5.0

for Salary and Benefits

Likes

We get salary timely without any delay. This is the only good thing about this company.

Salary - Excellent

+5 more

Dislikes

No hybrid work culture, no work life balance (depends on your manager), as per policy only 3rd Saturday off but that too company can withdraw it at any moment. Incentive policies are critical to achieve RBMIs. Every month is March closing. Every month last Sunday is normal working day.

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 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.

see more salary related reviews

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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 Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Mahindra Finance in Indore?

The average salary of a Divisional Manager at Mahindra Finance in Indore typically ranges from ₹16.3 Lakhs to ₹28.5 Lakhs per year, depending on experience (from 11 years to 19 years).

The top 10% of Divisional Manager in Indore at Mahindra Finance earn more than ₹25.7 Lakhs per year, and the top 1% earn over ₹28.5 Lakhs per year. Divisional 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 10+ Mahindra Finance employees in India.

What is the estimated take home salary of a Divisional Manager at Mahindra Finance in Indore?

The estimated take-home salary of a Divisional Manager at Mahindra Finance in Indore typically ranges from ₹1,15,857 to ₹1,19,091 per month. This is based on the average salary range of ₹16.3 Lakhs to ₹28.5 Lakhs per year for employees with experience ranging from 11 years to 19 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.

What are the key skills required to be a Divisional Manager at Mahindra Finance in Indore?

To be a Divisional Manager at Mahindra Finance in Indore, the key skills required include:

- Team Development
- Team Management
- Training
- Recruitment
- Channel Partners

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 Divisional Manager in India?

Syngenta

₹36.0 Lakhs to ₹50.8 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 Divisional Manager in companies similar to Mahindra Finance in Indore?

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

IIFL SAMASTA

₹7.0 Lakhs to ₹9.0 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 Divisional Manager at Mahindra Finance in Indore?

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

Experience	Average Salary Range
11 years	₹13.5 Lakhs to ₹17.3 Lakhs per year
12 years	₹14.0 Lakhs to ₹17.8 Lakhs per year
13 years	₹14.4 Lakhs to ₹18.4 Lakhs per year
14 years	₹14.8 Lakhs to ₹18.9 Lakhs per year

and so on.

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Mahindra Finance Divisional Manager Salaries in Indore

Mahindra Finance Divisional Manager salary in Indore ranges between ₹16.3 Lakhs to ₹28.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Mahindra Finance latest salaries received from various employees of Mahindra Finance.