Mahindra Finance Chennai Manager Salaries by 7 Employees (Updated 2025)

5 - 13 years exp.

₹4.8 Lakhs - ₹12 Lakhs

Salary of majority employees

Fixed (92%)

₹8.8 Lakhs

Variable (8%)

₹0.7 Lakh

42% less than the average Manager Salary in NBFC Companies for 5 - 13 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Customer Success, Service & Operations Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.7 L/yr
BFSI, Investments & Trading Manager Salary 8 years exp. (AmbitionBox Estimate)	₹8.7 L/yr - ₹11 L/yr
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Finance & Accounting Manager Salary 5 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹8.7 L/yr
Sales & Business Development Manager Salary 7 years exp. (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
Legal & Regulatory Manager Salary 13 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹8.7 L/yr

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Last Updated: 25 Feb 2025

Companies similar to Mahindra Finance for Manager in Chennai

Mahindra Finance Manager Salary

5 - 13 years exp. (7 salaries)

₹4.8 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Manager Salary 1 - 11 years exp. (50 salaries)	₹3.5 L/yr - ₹10.1 L/yr 37% less	155 job openings
HDB Financial Services Manager Salary 4 - 16 years exp. (25 salaries)	₹5 L/yr - ₹13.4 L/yr 9% less	1 job opening
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Shriram Finance Manager Salary 5 - 16 years exp. (23 salaries)	₹8.6 L/yr - ₹14.7 L/yr 6% less
TVS Credit Manager Salary 0 - 11 years exp. (22 salaries)	₹7 L/yr - ₹19.1 L/yr 23% more
Asirvad Microfinance Manager Salary 3 - 11 years exp. (18 salaries)	₹4 L/yr - ₹7.3 L/yr 41% less
Kotak Mahindra Prime Manager Salary 5 - 14 years exp. (18 salaries)	₹5 L/yr - ₹9.9 L/yr 11% less
Manappuram Finance Manager Salary 1 - 9 years exp. (15 salaries)	₹2 L/yr - ₹6 L/yr 59% less
Muthoot Finance Manager Salary 3 - 15 years exp. (14 salaries)	₹3 L/yr - ₹5.5 L/yr 52% less
Sundaram Finance Manager Salary 9 - 20 years exp. (12 salaries)	₹9 L/yr - ₹13 L/yr 21% more
L&T Finance Manager Salary 3 - 11 years exp. (9 salaries)	₹5.7 L/yr - ₹15 L/yr 5% more
IIFL Finance Manager Salary 8 - 12 years exp. (7 salaries)	₹3 L/yr - ₹7 L/yr 29% less
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SMFG India Credit Manager Salary 8 - 10 years exp. (5 salaries)	₹4.3 L/yr - ₹10.1 L/yr 1% more
Muthoot Fincorp Manager Salary 4 - 11 years exp. (3 salaries)	₹3.4 L/yr - ₹6 L/yr 47% less

Manager salary at Mahindra Finance ranges between ₹4.8 Lakhs to ₹12 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Manager salaries in Chennai

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹8 L/yr - ₹16.1 L/yr
6 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
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7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹11 L/yr
9 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹16.8 L/yr
10 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹16.9 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
12 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹17.4 L/yr

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From

Manager

5 - 17 years exp.

Senior Manager

4 - 13 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(16 salaries)

₹5.12 L/yr - ₹10 L/yr

Credit Manager Salary

(4 salaries)

₹5.4 L/yr - ₹12 L/yr

Top skills at Mahindra Finance for Manager

HR Operations Business Development Sales Management Process Planning Malayalam

Salary related reviews for Mahindra Finance

4.0

Rated by 2 employees for salary & benefits

Credit Manager in Chennai

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.,

Salary - Poor

+6 more

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.

Credit Manager in Mumbai

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.

Salary - Bad

+4 more

Credit Manager in Sinnar

BFSI, Investments & Trading Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

Salary - Excellent

+5 more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

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..

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Manager Salary FAQs

What is the salary of Manager at Mahindra Finance in Chennai?

The average salary of a Manager at Mahindra Finance in Chennai typically ranges from ₹4.8 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 5 years to 13 years).

The top 10% of Manager in Chennai at Mahindra Finance earn more than ₹11.8 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. 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 7 Mahindra Finance employees in India.

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

The estimated take-home salary of a Manager at Mahindra Finance in Chennai typically ranges from ₹68,861 to ₹70,629 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 5 years to 13 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 7 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Manager at Mahindra Finance in Chennai?

To be a Manager at Mahindra Finance in Chennai, the key skills required include:

- HR Operations
- Business Development
- Sales Management
- Process Planning
- Malayalam

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Finance for Manager in India?

TVS Credit	₹7.0 Lakhs to ₹19.1 Lakhs per year
Sundaram Finance	₹9.0 Lakhs to ₹13.0 Lakhs per year
L&T Finance	₹5.7 Lakhs to ₹15.0 Lakhs per year
SMFG India Credit	₹4.3 Lakhs to ₹10.1 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 Manager in companies similar to Mahindra Finance in Chennai?

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

Shriram Finance	₹8.6 Lakhs to ₹14.7 Lakhs per year
HDB Financial Services	₹5.0 Lakhs to ₹13.4 Lakhs per year
Kotak Mahindra Prime	₹5.0 Lakhs to ₹9.9 Lakhs per year
IIFL Finance	₹3.0 Lakhs to ₹7.0 Lakhs per year
Bajaj Finance	₹3.5 Lakhs to ₹10.1 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 at Mahindra Finance in Chennai?

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

Experience	Average Salary Range
5 years	₹8.0 Lakhs to ₹16.1 Lakhs per year
6 years	₹8.1 Lakhs to ₹10.4 Lakhs per year
7 years	₹3.7 Lakhs to ₹12.0 Lakhs per year
8 years	₹3.7 Lakhs to ₹11.0 Lakhs per year

and so on.

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Mahindra Finance Manager Salaries in Chennai

Mahindra Finance Manager salary in Chennai ranges between ₹4.8 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.