Mahindra Finance IT Manager Salaries by 30+ Employees (Updated 2024)

8 - 17 years exp.

₹5 Lakhs - ₹17.8 Lakhs

Salary of majority employees

19% less than the average IT Manager Salary in NBFC Companies for 8 - 17 years of experience

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Salaries in different departments

IT & Information Security IT Manager Salary 8 - 15 years exp. (10 salaries)	₹6.4 L/yr - ₹15.5 L/yr
Engineering - Software & QA IT Manager Salary 10 - 17 years exp. (9 salaries)	₹11.3 L/yr - ₹22.8 L/yr
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Engineering - Hardware & Networks IT Manager Salary 8 - 13 years exp. (5 salaries)	₹5 L/yr - ₹15 L/yr
Data Science & Analytics IT Manager Salary 10 - 16 years exp. (AmbitionBox Estimate)	₹10.1 L/yr - ₹12 L/yr
Project & Program Management IT Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹10.4 L/yr - ₹11 L/yr

Last Updated: 6 Dec 2024

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)	₹4.6 L/yr - ₹13.2 L/yr 21% less
HDFC Bank IT Manager Salary 2 - 14 years exp. (116 salaries)	₹6.7 L/yr - ₹20.4 L/yr 12% more
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Shriram Finance IT Manager Salary 3 - 28 years exp. (3 salaries)	₹2.8 L/yr - ₹4.5 L/yr 65% less
L&T Finance IT Manager Salary 5 - 8 years exp. (7 salaries)	₹8.6 L/yr - ₹14.2 L/yr At par
Cholamandalam Investment & Finance IT Manager Salary 8 - 18 years exp. (20 salaries)	₹9.5 L/yr - ₹19.2 L/yr 57% more
Aditya Birla Capital IT Manager Salary 7 - 10 years exp. (4 salaries)	₹8.7 L/yr - ₹18.2 L/yr 3% more
Reliance Capital IT Manager Salary 9 - 15 years exp. (4 salaries)	₹5 L/yr - ₹12.8 L/yr 12% less
Edelweiss IT Manager Salary 5 - 15 years exp. (7 salaries)	₹8 L/yr - ₹17 L/yr 20% more
Bharat Financial Inclusion IT Manager Salary 5 - 15 years exp. (13 salaries)	₹6 L/yr - ₹12 L/yr 16% less
Aavas Financiers IT Manager Salary 5 - 14 years exp. (10 salaries)	₹4.5 L/yr - ₹7 L/yr 46% less
Poonawalla Fincorp IT Manager Salary 1 - 23 years exp. (5 salaries)	₹11 L/yr - ₹12.8 L/yr 4% more
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Satin Creditcare Network IT Manager Salary 5 - 11 years exp. (4 salaries)	₹5.1 L/yr - ₹8.5 L/yr 40% less
Manappuram Finance IT Manager Salary 2 - 14 years exp. (4 salaries)	₹3.6 L/yr - ₹8 L/yr 53% less
Capri Global Capital IT Manager Salary 6 - 10 years exp. (4 salaries)	₹9.3 L/yr - ₹10.5 L/yr 10% less
SMFG India Credit IT Manager Salary 7 - 15 years exp. (4 salaries)	₹8.5 L/yr - ₹12 L/yr 11% less
IIFL Finance IT Manager Salary 9 - 15 years exp. (3 salaries)	₹12.4 L/yr - ₹17 L/yr 32% more
Mahindra Rural Housing Finance IT Manager Salary 12 - 13 years exp. (3 salaries)	₹4.2 L/yr - ₹18.4 L/yr 1% more
PNB Housing Finance IT Manager Salary 9 - 15 years exp. (3 salaries)	₹11.1 L/yr - ₹24 L/yr 40% more
Muthoot Microfin IT Manager Salary 2 - 4 years exp. (3 salaries)	₹3.3 L/yr - ₹6.5 L/yr 53% less
TVS Credit IT Manager Salary 10 - 13 years exp. (3 salaries)	₹10.5 L/yr - ₹32 L/yr 107% more

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IT Manager salary at Mahindra Finance ranges between ₹5 Lakhs to ₹17.8 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 33 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance IT Manager salaries

Last Updated: 6 Dec 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹18.3 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹18.7 L/yr
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10 years (9 salaries)	₹5 L/yr - ₹17 L/yr
11 years (7 salaries)	₹10 L/yr - ₹19.4 L/yr
12 years (5 salaries)	₹7 L/yr - ₹19.9 L/yr
13 years (AmbitionBox Estimate)	₹7 L/yr - ₹20.4 L/yr
14 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹20.8 L/yr
15+ years (5 salaries)	₹6.4 L/yr - ₹20.2 L/yr

View all

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(189 salaries)

₹4.04 L/yr - ₹11.68 L/yr

NOC Engineer Salary

(AmbitionBox Estimate)

₹0.1 L/yr - ₹0.1 L/yr

IT Executive Salary

(6 salaries)

₹2.65 L/yr - ₹3.7 L/yr

IT Administrator Salary

(7 salaries)

₹1.95 L/yr - ₹3.1 L/yr

Technical Lead Salary

(3 salaries)

₹13.01 L/yr - ₹16.2 L/yr

Senior Engineer Salary

(3 salaries)

₹10 L/yr - ₹38 L/yr

System Engineer Salary

(3 salaries)

₹2.4 L/yr - ₹8.44 L/yr

Network Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Consultant Salary

(4 salaries)

₹0.4 L/yr - ₹1.2 L/yr

System Administrator Salary

(7 salaries)

₹2.7 L/yr - ₹4.5 L/yr

Salary related reviews for Mahindra Finance

4.4

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.

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..

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..

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..

Circle Head in Kolkata

Full Time

Strategic & Top Management Department

3.0

• posted on 04 Nov 2024

2.0

for Salary and Benefits

Likes

Earlier it used to be Culture and company policies. But since the management has changed it’s a pathetic situation. Old employees at senior level of 22+ years in the organisation has also been sacked.

Dislikes

No work life balance Low salary growth for existing employees Weak management Poor policy

Senior Business Executive in Port Blair

Full Time

Marketing & Communication Department

5.0

• posted on 12 Oct 2024

5.0

for Salary and Benefits

Likes

... have small suggestion in future we can do less paper work business like bank. We can do better then bank but some were missing salary customers they prefer bank. We are giving quick dispendment but some paper missing we can't give same days. This my suggestion our mahindra

Dislikes

No never I said because this is great company iam pleasure with working them my experience is 13yrs I hope future I have an good position work with our Mahindra family... Thank you jai hind....

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 ₹17.8 Lakhs for experience between 8 years to 17 years. According to our estimates it is 19% less than the average IT Manager Salary in India. Salary estimates are based on 33 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 19% 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
Cholamandalam Investment & Finance IT Manager Salary - ₹9.5 Lakhs to ₹19.2 Lakhs per year
PNB Housing Finance IT Manager Salary - ₹11.1 Lakhs to ₹24.0 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

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

Edelweiss IT Manager Salary - ₹8.0 Lakhs to ₹17.0 Lakhs per year
HDFC Bank IT Manager Salary - ₹6.7 Lakhs to ₹20.4 Lakhs per year
Poonawalla Fincorp IT Manager Salary - ₹11.0 Lakhs to ₹12.8 Lakhs per year
Aditya Birla Capital IT Manager Salary - ₹8.7 Lakhs to ₹18.2 Lakhs per year
Mahindra Rural Housing Finance IT Manager Salary - ₹4.2 Lakhs to ₹18.4 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 ₹80,007 per month to ₹82,089 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 ₹17.8 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 IT Manager at Mahindra Finance?

According to AmbitionBox, 52% of the Mahindra Finance IT Managers reported a notice period of 3 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 29 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 ₹17.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 33 Mahindra Finance latest salaries received from various employees of Mahindra Finance.