Mahindra Finance Manager M1 Salaries by 4 Employees (Updated 2025)

13 - 17 years exp.

₹10 Lakhs - ₹14.8 Lakhs

Low Confidence

Salary of majority employees

Fixed (86%)

₹11.3 Lakhs

Variable (14%)

₹1.9 Lakh

14% more than the average Manager M1 Salary in NBFC Companies for 13 - 17 years of experience

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Last Updated: 25 Feb 2025

Companies similar to Mahindra Finance for Manager M1

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Manager M1 Salary 2 - 16 years exp. (20 salaries)	₹6.5 L/yr - ₹15 L/yr 19% less
Kotak Mahindra Prime Manager M1 Salary 3 - 11 years exp. (7 salaries)	₹3.5 L/yr - ₹5 L/yr 69% less
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Muthoot Fincorp Manager M1 Salary 9 - 12 years exp. (6 salaries)	₹1.5 L/yr - ₹7 L/yr 65% less
Muthoot Finance Manager M1 Salary 5 - 11 years exp. (6 salaries)	₹3.9 L/yr - ₹8.5 L/yr 56% less
Bajaj Finance Manager M1 Salary 1 - 6 years exp. (6 salaries)	₹2.8 L/yr - ₹5.6 L/yr 66% less
Tata Capital Housing Finance Manager M1 Salary 0 - 10 years exp. (5 salaries)	₹4.6 L/yr - ₹6.5 L/yr 60% less
Bharat Financial Inclusion Manager M1 Salary 5 - 15 years exp. (4 salaries)	₹4 L/yr - ₹30 L/yr 2% less
PNB Housing Finance Manager M1 Salary 4 - 9 years exp. (4 salaries)	₹7.4 L/yr - ₹10.7 L/yr 26% less
TVS Credit Manager M1 Salary 0 - 11 years exp. (4 salaries)	₹7.6 L/yr - ₹8 L/yr 40% less
HDB Financial Services Manager M1 Salary 10 - 22 years exp. (4 salaries)	₹5 L/yr - ₹13.5 L/yr 38% less
Poonawalla Fincorp Manager M1 Salary 0 - 12 years exp. (4 salaries)	₹8.5 L/yr - ₹15.8 L/yr 1% less
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Muthoot Microfin Manager M1 Salary 7 - 15 years exp. (3 salaries)	₹4.1 L/yr - ₹5.5 L/yr 63% less
Aavas Financiers Manager M1 Salary 1 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹9 L/yr 60% less
Sammaan Capital Limited Manager M1 Salary 6 - 14 years exp. (3 salaries)	₹6.2 L/yr - ₹11.5 L/yr 40% less

Manager M1 salary at Mahindra Finance ranges between ₹10 Lakhs to ₹14.8 Lakhs per year for employees with experience between 13 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Manager M1 salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr
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15+ years (3 salaries)	₹10 L/yr - ₹14 L/yr

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₹18.5 L/yr - ₹23.7 L/yr

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Salary related reviews for Mahindra Finance

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.

Relationship Manager in Chandigarh

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.

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.

Salary - Bad

+6 more

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..

Customer Service Manager in Kolkata

Finance & Accounting Department

1.0

• posted on 04 Dec 2020

2.0

for Salary and Benefits

Likes

...ation from last 8 months every employees suffering for salery isse, every month dedicating our 6k to 7k salary / month

Job security - Good

+1 more

Dislikes

1st of all salary issue

Salary - Poor

+4 more

Customer Service Manager

Finance Department

1.0

• posted on 22 Sep 2017

1.0

for Salary and Benefits

Likes

... there is no culture and no job security . Managers not approve travel claim. Compeny has not given salary of my notice period .

Dislikes

There is No culture

Salary - Bad

+6 more

see more salary related reviews

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Mahindra Finance Manager M1 Salary FAQs

What is the salary of Manager M1 at Mahindra Finance ?

The average salary of a Manager M1 at Mahindra Finance in India typically ranges from ₹10.0 Lakhs to ₹14.8 Lakhs per year, depending on experience (from 13 years to 17 years).

The top 10% of Manager M1 at Mahindra Finance earn more than ₹14.8 Lakhs per year, and the top 1% earn over ₹14.8 Lakhs per year. Manager M1 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 4 Mahindra Finance employees in India.

What is the estimated take home salary of a Manager M1 at Mahindra Finance in India?

The estimated take-home salary of a Manager M1 at Mahindra Finance in India typically ranges from ₹93,016 to ₹95,512 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹14.8 Lakhs per year for employees with experience ranging from 13 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 4 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Manager M1 in companies similar to Mahindra Finance in India?

The salary of a Manager M1 at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Poonawalla Fincorp	₹8.5 Lakhs to ₹15.8 Lakhs per year
Bharat Financial Inclusion	₹4.0 Lakhs to ₹30.0 Lakhs per year
SMFG India Credit	₹6.5 Lakhs to ₹15.0 Lakhs per year
PNB Housing Finance	₹7.4 Lakhs to ₹10.7 Lakhs per year
HDB Financial Services	₹5.0 Lakhs to ₹13.5 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 Manager M1 at Mahindra Finance in India?

The salary growth for a Manager M1 at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Manager M1 can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
13 years	₹13.3 Lakhs to ₹17.0 Lakhs per year
15 years	₹10.0 Lakhs to ₹14.0 Lakhs per year

and so on.

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Mahindra Finance Manager M1 Salaries

Mahindra Finance Manager M1 salary in India ranges between ₹10 Lakhs to ₹14.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.