Mahindra Finance Procurement Manager Salaries by 6 Employees (Updated 2025)

2 - 18 years exp.

₹4.5 Lakhs - ₹9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

53% less than the average Procurement Manager Salary in NBFC Companies for 2 - 18 years of experience

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Salaries in different departments

Procurement & Supply Chain Procurement Manager Salary 2 - 18 years exp. (4 salaries)	₹7 L/yr - ₹9 L/yr
BFSI, Investments & Trading Procurement Manager Salary 6 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr
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IT & Information Security Procurement Manager Salary 6 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 25 Feb 2025

Companies similar to Mahindra Finance for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
L&T Finance Procurement Manager Salary 6 - 10 years exp. (4 salaries)	₹4 L/yr - ₹13 L/yr At par
Reliance Industries Procurement Manager Salary 1 - 17 years exp. (128 salaries)	₹6 L/yr - ₹21 L/yr 85% more
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Tata Steel Procurement Manager Salary 0 - 15 years exp. (107 salaries)	₹6 L/yr - ₹21 L/yr 95% more
Dunzo Procurement Manager Salary 1 - 10 years exp. (104 salaries)	₹3.5 L/yr - ₹7 L/yr 28% less
Larsen & Toubro Limited Procurement Manager Salary 8 - 19 years exp. (97 salaries)	₹10 L/yr - ₹33.4 L/yr 160% more

Procurement Manager salary at Mahindra Finance ranges between ₹4.5 Lakhs to ₹9 Lakhs per year for employees with experience between 2 years to 18 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Procurement Manager salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
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4 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
5 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
7 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
11 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
12 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
13 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
14 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
15+ years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr

View all

Similar Designation salaries in Mahindra Finance

Purchase Executive Salary

(12 salaries)

₹2.6 L/yr - ₹4 L/yr

Senior Purchase Executive Salary

(6 salaries)

₹2.5 L/yr - ₹5.5 L/yr

Commercial Executive Salary

(4 salaries)

₹2 L/yr - ₹3.5 L/yr

Assistant Manager Commercial Salary

(4 salaries)

₹4 L/yr - ₹5.8 L/yr

Management Trainee Operations Salary

(3 salaries)

₹5 L/yr - ₹6.4 L/yr

Logistics Executive Salary

(3 salaries)

₹2 L/yr - ₹3.5 L/yr

Procurement Executive Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Counsellor Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

DGM Procurement Salary

(AmbitionBox Estimate)

₹26.1 L/yr - ₹33.3 L/yr

Deputy Manager Procurement Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Top skills at Mahindra Finance for Procurement Manager

Procurement Vendor Management Sourcing Leasing Automobile Payables

Salary related reviews for Mahindra Finance

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.

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

Salary - Excellent

+6 more

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....

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 more

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Mahindra Finance Procurement Manager Salary FAQs

What is the salary of Procurement Manager at Mahindra Finance ?

The average salary of a Procurement Manager at Mahindra Finance in India typically ranges from ₹4.5 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 2 years to 18 years).

The top 10% of Procurement Manager at Mahindra Finance earn more than ₹8.9 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Procurement 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 6 Mahindra Finance employees in India.

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

The estimated take-home salary of a Procurement Manager at Mahindra Finance in India typically ranges from ₹54,676 to ₹56,043 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 2 years to 18 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 6 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 Procurement Manager at Mahindra Finance ?

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

- Procurement
- Vendor Management
- Sourcing
- Leasing
- Automobile

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 Procurement Manager in India?

Larsen & Toubro Limited	₹10.0 Lakhs to ₹33.4 Lakhs per year
Tata Steel	₹6.0 Lakhs to ₹21.0 Lakhs per year
Reliance Industries	₹6.0 Lakhs to ₹21.0 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 Procurement Manager in companies similar to Mahindra Finance in India?

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

L&T Finance	₹4.0 Lakhs to ₹13.0 Lakhs per year
Dunzo	₹3.5 Lakhs to ₹7.0 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 Procurement Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
2 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
3 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
4 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
5 years	₹6.0 Lakhs to ₹7.6 Lakhs per year

and so on.

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Mahindra Finance Procurement Manager Salaries

Mahindra Finance Procurement Manager salary in India ranges between ₹4.5 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra Finance latest salaries received from various employees of Mahindra Finance.