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Mahindra Finance

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4.1

based on 4.5k Reviews

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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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Mahindra Finance Salaries in Mumbai (Updated 2025)

based on 1.6k latest salaries
Explore Salaries by Departments
Finance & Accounting Engineering - Software & QA Human Resources BFSI, Investments & Trading + 6 more
Designation Avg Annual Salary Open Jobs

Deputy Manager

0 - 13 years exp. · Mumbai (72 salaries)
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₹4.2 L/yr - ₹11.5 L/yr

1 job opening

Chief Manager

2 - 19 years exp. · Mumbai (35 salaries)
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₹15 L/yr - ₹30 L/yr

IT Manager

10 - 17 years exp. · Mumbai (19 salaries)
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₹6.4 L/yr - ₹21.4 L/yr

Assistant Vice President

11 - 25 years exp. · Mumbai (19 salaries)
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₹15 L/yr - ₹38.5 L/yr

Starting your career? Discover Mahindra Finance fresher salaries in India

HR Manager

2 - 15 years exp. · Mumbai (18 salaries)
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₹7 L/yr - ₹20 L/yr

Product Manager

2 - 10 years exp. · Mumbai (15 salaries)
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₹9.3 L/yr - ₹35.1 L/yr

1 job opening

Processing Manager

2 - 13 years exp. · Mumbai (15 salaries)
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₹5.7 L/yr - ₹22.1 L/yr

Deputy Manager HR

2 - 8 years exp. · Mumbai (14 salaries)
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₹7.5 L/yr - ₹12 L/yr

Project Manager

7 - 16 years exp. · Mumbai (13 salaries)
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₹8 L/yr - ₹25.2 L/yr

Executive Accountant

4 - 9 years exp. · Mumbai (13 salaries)
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₹2.1 L/yr - ₹5.3 L/yr

Software Developer

1 - 6 years exp. · Mumbai (13 salaries)
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₹2.9 L/yr - ₹12 L/yr

Deputy General Manager

9 - 22 years exp. · Mumbai (12 salaries)
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₹24 L/yr - ₹37 L/yr

Credit Manager

3 - 13 years exp. · Mumbai (12 salaries)
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₹4.7 L/yr - ₹12.7 L/yr

Data Scientist

0 - 5 years exp. · Mumbai (11 salaries)
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₹5.1 L/yr - ₹16.5 L/yr

1 job opening

HR Business Partner

2 - 16 years exp. · Mumbai (11 salaries)
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₹9 L/yr - ₹31.8 L/yr

Business Analyst

2 - 10 years exp. · Mumbai (11 salaries)
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₹6.7 L/yr - ₹11.5 L/yr

Area Business Manager

5 - 18 years exp. · Mumbai (10 salaries)
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₹7.6 L/yr - ₹13 L/yr

1 job opening

HR Executive

1 - 6 years exp. · Mumbai (9 salaries)
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₹2 L/yr - ₹4 L/yr

Purchase Executive

2 - 8 years exp. · Mumbai (9 salaries)
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₹2.6 L/yr - ₹4 L/yr

Back Office Executive

0 - 4 years exp. · Mumbai (8 salaries)
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₹2 L/yr - ₹2.7 L/yr

Last Updated: 19 Mar, 2025

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
a system engineer
Just had to share this, I got a 100% hike!
I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.
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Salary related reviews for Mahindra Finance

3.4

Rated by 249 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.

read more
  • 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.

read more
  • Salary - Bad
    • +4 more

Assistant Manager- HR in Mumbai

Human Resources Department

3.0
  •  posted on 22 May 2022
3.0
 for  Salary and Benefits

Likes

1. People friendly organization 2. Good employee benefits policies 3. Job security

  • Job security - Excellent

Dislikes

...ace since 2019 3. Extremely slow paced working environment 4. Poor PMS system 5. Salary is decent but career progress is slow 6. L&D team is made obsolete so no training is given to new joiners 7. Poor candidate experience for all new joiners as on boarding process is extremely complex

read more
  • Skill development - Bad
    • +2 more

HR Business Partner in Mumbai

Human Resources Department

4.0
  •  posted on 25 Mar 2021
3.0
 for  Salary and Benefits

Likes

The best part of this organization is the HR system is strong and top management is always concerned about the well being of their employees

read more
  • Skill development - Good
    • +4 more

Dislikes

Compensation is decent but growth is slow after reaching managerial level

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Associate in Mumbai

BFSI, Investments & Trading Department

5.0
  •  posted on 08 Apr 2018
3.0
 for  Salary and Benefits

Likes

... very feasible and the work gets completed on time. No such pressure of targets. The salary offered by the company is not satisfactory. Talking about appraisals, yes if you be there for more than 1.5 years n work good, complete your work on time, do not keep any task pending, if you have a degree and you studied enough from the others, then you will be definitely considered for appraisals. Mine was not that monotonous job. I learned alot of things everytime.

read more
  • Skill development - Good
    • +5 more

Dislikes

Salary offered was too low

see more salary related reviews

Mahindra Finance interview questions by designations

Sales Executive (6)Business Executive (5)Collections Executive (5)Deputy Manager (4)
View all 131 interview experiences

Know more about Mahindra Finance Mumbai

More about working at Mahindra Finance
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#1 Best Large Company - 2021

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Mahindra Finance Salary FAQs

How much does Mahindra Finance pay to its employees?
The average annual salary at Mahindra Finance varies depending on the role, experience, and location. The salary ranges for some popular designations at Mahindra Finance, are as follows:

Deputy Manager ₹4.2 Lakhs to ₹11.5 Lakhs per year
Chief Manager ₹15 Lakhs to ₹30 Lakhs per year
IT Manager ₹6.4 Lakhs to ₹21.4 Lakhs per year
Assistant Vice President ₹15 Lakhs to ₹38.5 Lakhs per year

The highest-paying role, Marketing Head, earns between ₹90 Lakhs to ₹98 Lakhs per year. The top 10% of employees earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹46 Lakhs per year. 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 salary estimates are based on data from 1.6k salaries submitted by Mahindra Finance employees. Mahindra Finance is rated 3.4 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Mahindra Finance in Mumbai?
The salary of a fresher at Mahindra Finance in Mumbai typically ranges from ₹1.9 Lakh to ₹13.4 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Cashier Salary ₹1.8 Lakhs to ₹3.2 Lakhs per year
Fresher as a Business Executive Salary ₹1.2 Lakhs to ₹3.5 Lakhs per year
Fresher as a Deputy Manager Salary ₹6 Lakhs to ₹10 Lakhs per year
Fresher as a Management Trainee Salary ₹6 Lakhs to ₹13.4 Lakhs per year

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Average annual salary in Mahindra Finance , Mumbai is INRunlock blur . Salary estimates are based on 1.6k Mahindra Finance latest salaries received from various employees of Mahindra Finance.

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