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Mahindra Finance

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Mahindra Finance Finance Manager salaries in India

Annual salary range
0 - 9 years exp.
₹1.8 Lakh - ₹6.5 Lakhs
Salary of majority employees
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77% less than the average Finance Manager Salary in NBFC Companies for 0 - 9 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Finance Manager Salary
3 - 5 years exp. (AmbitionBox Estimate)
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₹3.7 L/yr - ₹6 L/yr

Finance & Accounting
Finance Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹4.9 L/yr

Last Updated: 10 Dec 2024

Companies similar to Mahindra Finance for Finance Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Finance Manager Salary

0 - 7 years exp. (41 salaries)

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₹1.5 L/yr - ₹8.7 L/yr

arrow icon 5% more
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HDFC Bank Finance Manager Salary

0 - 8 years exp. (36 salaries)

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₹2.4 L/yr - ₹6.2 L/yr

arrow icon 48% more
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Shriram Finance Finance Manager Salary

4 - 12 years exp. (35 salaries)

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₹2 L/yr - ₹7 L/yr

arrow icon 3% less
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L&T Finance Finance Manager Salary

1 - 8 years exp. (20 salaries)

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₹1.7 L/yr - ₹7 L/yr

arrow icon 5% less
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₹2.8 L/yr - ₹4.8 L/yr

arrow icon 13% more
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Muthoot Finance Finance Manager Salary

1 - 10 years exp. (16 salaries)

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₹2 L/yr - ₹10.1 L/yr

arrow icon 33% more
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Aditya Birla Capital Finance Manager Salary

11 - 17 years exp. (3 salaries)

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₹4.3 L/yr - ₹11 L/yr

arrow icon 67% more
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Reliance Capital Finance Manager Salary

0 - 7 years exp. (5 salaries)

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₹6 L/yr - ₹9.4 L/yr

arrow icon 98% more
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Edelweiss Finance Manager Salary

4 - 12 years exp. (4 salaries)

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₹13 L/yr - ₹24 L/yr

arrow icon 374% more
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₹6.3 L/yr - ₹12.2 L/yr

arrow icon 135% more
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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 22% less
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HDB Financial Services Finance Manager Salary

0 - 8 years exp. (39 salaries)

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₹1.5 L/yr - ₹6.3 L/yr

arrow icon 19% less
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Manappuram Finance Finance Manager Salary

1 - 8 years exp. (34 salaries)

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₹2 L/yr - ₹6 L/yr

arrow icon 5% less
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SMFG India Credit Finance Manager Salary

0 - 10 years exp. (15 salaries)

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₹1.4 L/yr - ₹8.7 L/yr

arrow icon 2% more
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₹1.5 L/yr - ₹5 L/yr

arrow icon 14% less
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TVS Credit Finance Manager Salary

2 - 11 years exp. (7 salaries)

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₹2.2 L/yr - ₹5.5 L/yr

arrow icon 29% more
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SK Finance Limited Finance Manager Salary

2 - 8 years exp. (7 salaries)

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₹2 L/yr - ₹5.2 L/yr

arrow icon 5% more
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Capri Global Capital Finance Manager Salary

0 - 10 years exp. (6 salaries)

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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 4% more
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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 35% more
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CreditAccess Grameen Finance Manager Salary

0 - 3 years exp. (5 salaries)

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₹1.2 L/yr - ₹2.9 L/yr

arrow icon 31% less
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Finance Manager salary at Mahindra Finance ranges between ₹1.8 Lakh to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Finance Manager

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Experience wise Mahindra Finance Finance Manager salaries

Last Updated: 10 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5.6 L/yr
1 year (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.8 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹6.2 L/yr
3 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹6.7 L/yr
View all

Similar Designation salaries in Mahindra Finance

Branch Manager Salary
(167 salaries)
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₹1.85 L/yr - ₹9 L/yr
Sales Manager Salary
(108 salaries)
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₹2.35 L/yr - ₹9 L/yr
Credit Manager Salary
(110 salaries)
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₹2.3 L/yr - ₹12.65 L/yr
Deputy Manager Salary
(317 salaries)
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₹4 L/yr - ₹12 L/yr
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₹4.2 L/yr - ₹15 L/yr
Finance Executive Salary
(161 salaries)
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₹1.6 L/yr - ₹4.8 L/yr
Business Finance Manager Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr
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₹3.5 L/yr - ₹6.5 L/yr
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₹1.5 L/yr - ₹5.5 L/yr
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₹4 L/yr - ₹7.14 L/yr

Salary related reviews for Mahindra Finance

4.9

Rated by 6 employees for salary & benefits

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

 · 

Finance & Accounting Department

4.0
  •  posted on 21 Jun 2023

4.0
 for  Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

read more
  • Salary - Good
  • +3 more

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

read more
  • Promotions - Poor

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.

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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
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Mahindra Finance Finance Manager Salary FAQs

What is the salary of Finance Manager at Mahindra Finance ?
The average salary of a Finance Manager at Mahindra Finance in India typically ranges from ₹1.8 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Finance Manager at Mahindra Finance earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Finance 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 Finance Manager at Mahindra Finance in India?
The estimated take-home salary of a Finance Manager at Mahindra Finance in India typically ranges from ₹28,727 to ₹30,110 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 9 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 Finance Manager in India?
Edelweiss ₹13.0 Lakhs to ₹24.0 Lakhs per year
Sammaan Capital Limited ₹6.3 Lakhs to ₹12.2 Lakhs per year
Kotak Mahindra Prime ₹6.1 Lakhs to ₹10.8 Lakhs per year
Reliance Capital ₹6.0 Lakhs to ₹9.4 Lakhs per year
Tata Capital Housing Finance ₹4.0 Lakhs to ₹9.5 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 Finance Manager in companies similar to Mahindra Finance in India?
The salary of a Finance Manager at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Capital ₹4.3 Lakhs to ₹11.0 Lakhs per year
Sundaram Finance ₹4.5 Lakhs to ₹10.8 Lakhs per year
HDFC Bank ₹2.4 Lakhs to ₹6.2 Lakhs per year
Mahindra Rural Housing Finance ₹2.5 Lakhs to ₹5.5 Lakhs per year
Poonawalla Fincorp ₹2.5 Lakhs to ₹8.5 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 Finance Manager at Mahindra Finance in India?
The salary growth for a Finance Manager at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Finance Manager can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
Fresher ₹1.8 Lakhs to ₹5.6 Lakhs per year
1 year ₹2.9 Lakhs to ₹3.8 Lakhs per year
2 years ₹2.5 Lakhs to ₹6.2 Lakhs per year
3 years ₹1.4 Lakhs to ₹3.7 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Finance Finance Manager salary in India ranges between ₹1.8 Lakh to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Mahindra Finance latest salaries received from various employees of Mahindra Finance.