Mahindra Finance Mumbai IT Manager Salaries by 10+ Employees (Updated 2025)

10 - 17 years exp.

₹6.4 Lakhs - ₹21.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% less than the average IT Manager Salary in NBFC Companies for 10 - 17 years of experience

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Salaries in different departments

Engineering - Software & QA IT Manager Salary 11 - 17 years exp. (7 salaries)	₹11.3 L/yr - ₹22.8 L/yr
IT & Information Security IT Manager Salary 10 - 15 years exp. (5 salaries)	₹6.4 L/yr - ₹20 L/yr
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Data Science & Analytics IT Manager Salary 10 - 16 years exp. (AmbitionBox Estimate)	₹10.1 L/yr - ₹13.3 L/yr
Project & Program Management IT Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
Engineering - Hardware & Networks IT Manager Salary 10 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹15 L/yr

Last Updated: 4 Mar 2025

Companies similar to Mahindra Finance for IT Manager in Mumbai

Mahindra Finance IT Manager Salary

10 - 17 years exp. (19 salaries)

₹6.4 L/yr - ₹21.4 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance IT Manager Salary 7 - 9 years exp. (4 salaries)	₹8.6 L/yr - ₹14.2 L/yr 9% less
Mahindra Rural Housing Finance IT Manager Salary 12 - 13 years exp. (3 salaries)	₹5.4 L/yr - ₹19.7 L/yr 1% more
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HDB Financial Services IT Manager Salary 1 - 8 years exp. (3 salaries)	₹6 L/yr - ₹12 L/yr 22% less
HDFC Bank IT Manager Salary 2 - 12 years exp. (77 salaries)	₹5.5 L/yr - ₹20 L/yr 1% less
Axis Bank IT Manager Salary 1 - 12 years exp. (48 salaries)	₹9.7 L/yr - ₹16.3 L/yr 11% more

IT Manager salary at Mahindra Finance ranges between ₹6.4 Lakhs to ₹21.4 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 19 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance IT Manager salaries in Mumbai

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
10 years (5 salaries)	₹6.4 L/yr - ₹15 L/yr
11 years (6 salaries)	₹10 L/yr - ₹20 L/yr
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12 years (AmbitionBox Estimate)	₹11 L/yr - ₹14.1 L/yr
13 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
14 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr
15+ years (4 salaries)	₹6.4 L/yr - ₹22.3 L/yr

View all

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(83 salaries)

₹4.2 L/yr - ₹11.5 L/yr

Project Manager Salary

(13 salaries)

₹8 L/yr - ₹25.2 L/yr

IT Executive Salary

(6 salaries)

₹2.65 L/yr - ₹3.7 L/yr

Devops Engineer Salary

(3 salaries)

₹3.2 L/yr - ₹19 L/yr

Technical Lead Salary

(3 salaries)

₹13 L/yr - ₹15 L/yr

Salary related reviews for Mahindra Finance

4.5

Rated by 6 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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Finance IT Manager Salary FAQs

What is the salary of IT Manager at Mahindra Finance in Mumbai?

The average salary of a IT Manager at Mahindra Finance in Mumbai typically ranges from ₹6.4 Lakhs to ₹21.4 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of IT Manager in Mumbai at Mahindra Finance earn more than ₹21.4 Lakhs per year, and the top 1% earn over ₹22.8 Lakhs per year. IT 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 IT Manager at Mahindra Finance in Mumbai?

The estimated take-home salary of a IT Manager at Mahindra Finance in Mumbai typically ranges from ₹88,291 to ₹90,608 per month. This is based on the average salary range of ₹6.4 Lakhs to ₹21.4 Lakhs per year for employees with experience ranging from 10 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 IT Manager in India?

Axis Bank	₹9.7 Lakhs to ₹16.3 Lakhs per year
Mahindra Rural Housing Finance	₹5.4 Lakhs to ₹19.7 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 IT Manager in companies similar to Mahindra Finance in Mumbai?

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

HDFC Bank	₹5.5 Lakhs to ₹20.0 Lakhs per year
L&T Finance	₹8.6 Lakhs to ₹14.2 Lakhs per year
HDB Financial Services	₹6.0 Lakhs to ₹12.0 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 IT Manager at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
10 years	₹6.4 Lakhs to ₹15.0 Lakhs per year
11 years	₹10.0 Lakhs to ₹20.0 Lakhs per year
12 years	₹11.0 Lakhs to ₹14.1 Lakhs per year
13 years	₹11.2 Lakhs to ₹14.3 Lakhs per year

and so on.

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Mahindra Finance IT Manager Salaries in Mumbai

Mahindra Finance IT Manager salary in Mumbai ranges between ₹6.4 Lakhs to ₹21.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Mahindra Finance latest salaries received from various employees of Mahindra Finance.