Mahindra Finance IT Manager Salaries by 30+ Employees (Updated 2025)

8 - 18 years exp.

₹5 Lakhs - ₹18.6 Lakhs

Salary of majority employees

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21% less than the average IT Manager Salary in NBFC Companies for 8 - 18 years of experience

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Salaries in different departments

IT & Information Security IT Manager Salary 8 - 15 years exp. (11 salaries)	Unlock ₹6.4 L/yr - ₹14.6 L/yr
Engineering - Software & QA IT Manager Salary 11 - 18 years exp. (9 salaries)	Unlock ₹11 L/yr - ₹22.8 L/yr
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Engineering - Hardware & Networks IT Manager Salary 8 - 13 years exp. (5 salaries)	Unlock ₹5 L/yr - ₹15 L/yr
Data Science & Analytics IT Manager Salary 10 - 16 years exp. (AmbitionBox Estimate)	Unlock ₹10.1 L/yr - ₹12 L/yr
Project & Program Management IT Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	Unlock ₹10.4 L/yr - ₹11 L/yr

Last Updated: 4 Mar 2025

Companies similar to Mahindra Finance for IT Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance IT Manager Salary 1 - 11 years exp. (18 salaries)	Unlock ₹4.6 L/yr - ₹13.2 L/yr 20% less	19 job openings
HDFC Bank IT Manager Salary 1 - 10 years exp. (100 salaries)	Unlock ₹6.7 L/yr - ₹20 L/yr 8% more
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Shriram Finance IT Manager Salary 3 - 28 years exp. (3 salaries)	Unlock ₹2.8 L/yr - ₹4.5 L/yr 64% less
L&T Finance IT Manager Salary 5 - 8 years exp. (7 salaries)	Unlock ₹8.6 L/yr - ₹14.2 L/yr 2% more
Cholamandalam Investment & Finance IT Manager Salary 7 - 18 years exp. (21 salaries)	Unlock ₹9.5 L/yr - ₹19.2 L/yr 34% more
Aditya Birla Capital IT Manager Salary 7 - 10 years exp. (4 salaries)	Unlock ₹8.7 L/yr - ₹18.2 L/yr 6% more
Reliance Capital IT Manager Salary 9 - 15 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹12.8 L/yr 11% less
Edelweiss IT Manager Salary 5 - 15 years exp. (7 salaries)	Unlock ₹8 L/yr - ₹17 L/yr 23% more
Bharat Financial Inclusion IT Manager Salary 5 - 13 years exp. (14 salaries)	Unlock ₹4.5 L/yr - ₹12 L/yr 13% less
Aavas Financiers IT Manager Salary 5 - 14 years exp. (10 salaries)	Unlock ₹4.5 L/yr - ₹7 L/yr 45% less
HDB Financial Services IT Manager Salary 1 - 22 years exp. (6 salaries)	Unlock ₹6 L/yr - ₹16 L/yr 3% less
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Poonawalla Fincorp IT Manager Salary 1 - 21 years exp. (6 salaries)	Unlock ₹10.9 L/yr - ₹11.6 L/yr 4% more
Satin Creditcare Network IT Manager Salary 5 - 11 years exp. (4 salaries)	Unlock ₹5.1 L/yr - ₹8.5 L/yr 39% less
Manappuram Finance IT Manager Salary 2 - 14 years exp. (4 salaries)	Unlock ₹3.6 L/yr - ₹8 L/yr 53% less
Capri Global Capital IT Manager Salary 6 - 10 years exp. (4 salaries)	Unlock ₹9.3 L/yr - ₹10.5 L/yr 8% less
Muthoot Microfin IT Manager Salary 4 - 8 years exp. (4 salaries)	Unlock ₹6.5 L/yr - ₹16 L/yr 4% less
SMFG India Credit IT Manager Salary 7 - 15 years exp. (4 salaries)	Unlock ₹8.5 L/yr - ₹12 L/yr 9% less
IIFL Finance IT Manager Salary 9 - 15 years exp. (3 salaries)	Unlock ₹12.4 L/yr - ₹17 L/yr 35% more
Mahindra Rural Housing Finance IT Manager Salary 12 - 13 years exp. (3 salaries)	Unlock ₹4.2 L/yr - ₹18.4 L/yr 3% more
TVS Credit IT Manager Salary 10 - 13 years exp. (3 salaries)	Unlock ₹10.5 L/yr - ₹32 L/yr 111% more

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IT Manager salary at Mahindra Finance ranges between ₹5 Lakhs to ₹18.6 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 34 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance IT Manager

3d ago

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11 years exp.

1w ago

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14 years exp.

1mo ago

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12 years exp.

3mo ago

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18 years exp.

3mo ago

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13 years exp.

3mo ago

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15 years exp.

4mo ago

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16 years exp.

7mo ago

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13 years exp.

9mo ago

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8 years exp.

1y ago

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17 years exp.

Experience wise Mahindra Finance IT Manager salaries

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	Unlock ₹7.8 L/yr - ₹17.9 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹7.2 L/yr - ₹18.2 L/yr
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10 years (8 salaries)	Unlock ₹5 L/yr - ₹15 L/yr
11 years (7 salaries)	Unlock ₹10 L/yr - ₹18.4 L/yr
12 years (4 salaries)	Unlock ₹7 L/yr - ₹14 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹7 L/yr - ₹19.8 L/yr
14 years (3 salaries)	Unlock ₹7 L/yr - ₹20.1 L/yr
15+ years (7 salaries)	Unlock ₹6.4 L/yr - ₹20.6 L/yr

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Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(243 salaries)

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₹4.04 L/yr - ₹12 L/yr

Project Manager Salary

(13 salaries)

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₹8 L/yr - ₹29.1 L/yr

Team Lead Salary

(36 salaries)

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₹2.2 L/yr - ₹5.5 L/yr

Analyst Salary

(3 salaries)

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₹1 L/yr - ₹12 L/yr

IT Executive Salary

(6 salaries)

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₹2.65 L/yr - ₹3.7 L/yr

Operations Manager Salary

(12 salaries)

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₹1.3 L/yr - ₹6.7 L/yr

Technical Lead Salary

(3 salaries)

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₹13.01 L/yr - ₹18.5 L/yr

Senior Engineer Salary

(3 salaries)

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₹10 L/yr - ₹38 L/yr

Devops Engineer Salary

(3 salaries)

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₹3.2 L/yr - ₹19 L/yr

System Engineer Salary

(4 salaries)

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₹2.4 L/yr - ₹8.44 L/yr

Salary related reviews for Mahindra Finance

4.5

Rated by 8 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..

Senior Engineer in Aurangaba Maharashtra

Technical Department

4.0

• posted on 25 May 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture,team are supportive , company polices is good but Appraisal is not satisfied but more Learning in Mahindra Rural housing finance ltd last 4yers experience also I have 6month on team mentorship work role play..

Salary - Good

+1 more

Dislikes

Yes there is lot of Politics and management dosen't address our issues Salary is decent but carrer growth is slow....due to I have resigned it..

Job security - Poor

+3 more

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.

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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 IT Manager Salary FAQs

What is the salary of IT Manager at Mahindra Finance?

IT Manager salary at Mahindra Finance in India ranges between ₹5.0 Lakhs to ₹18.6 Lakhs for experience between 8 years to 18 years. According to our estimates it is 21% less than the average IT Manager Salary in India. Salary estimates are based on 34 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a IT Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a IT Manager at Mahindra Finance is 21% less than the average salary of a IT Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a IT Manager in India?

TVS Credit IT Manager Salary - ₹10.5 Lakhs to ₹32.0 Lakhs per year
CreditAccess Grameen IT Manager Salary - ₹15.0 Lakhs to ₹16.0 Lakhs per year
IIFL Finance IT Manager Salary - ₹12.4 Lakhs to ₹17.0 Lakhs per year
Cholamandalam Investment & Finance IT Manager Salary - ₹9.5 Lakhs to ₹19.2 Lakhs per year
Edelweiss IT Manager Salary - ₹8.0 Lakhs to ₹17.0 Lakhs per year

What is the salary of a IT Manager in companies similar to Mahindra Finance in India?

HDFC Bank IT Manager Salary - ₹6.7 Lakhs to ₹20.0 Lakhs per year
Aditya Birla Capital IT Manager Salary - ₹8.7 Lakhs to ₹18.2 Lakhs per year
Poonawalla Fincorp IT Manager Salary - ₹10.9 Lakhs to ₹11.6 Lakhs per year
Mahindra Rural Housing Finance IT Manager Salary - ₹4.2 Lakhs to ₹18.4 Lakhs per year
L&T Finance IT Manager Salary - ₹8.6 Lakhs to ₹14.2 Lakhs per year

What is the estimated take home salary of a IT Manager at Mahindra Finance in India?

The estimated take-home salary of a IT Manager at Mahindra Finance ranges between ₹78,583 per month to ₹80,626 per month in India. The take-home salary calculation is based on the average Mahindra Finance IT Manager salary in India which ranges between ₹5.0 Lakhs to ₹18.6 Lakhs per year for employees with experience between 8 years to 18 years. Check how did we calculate take home salary?

What is the notice period for IT Manager at Mahindra Finance?

According to AmbitionBox, 50% of the Mahindra Finance IT Managers reported a notice period of 3 Months, 21% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 28 responses on AmbitionBox in last 2 years.

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Mahindra Finance IT Manager Salaries

Mahindra Finance IT Manager salary in India ranges between ₹5 Lakhs to ₹18.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 34 Mahindra Finance latest salaries received from various employees of Mahindra Finance.