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

2 - 10 years exp.

₹9.3 Lakhs - ₹35.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Product Manager Salary in NBFC Companies for 2 - 10 years of experience

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Salaries in different departments

Product Management Product Manager Salary 4 - 10 years exp. (10 salaries)	₹12 L/yr - ₹37.6 L/yr
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Marketing & Communication Product Manager Salary 4 - 9 years exp. (AmbitionBox Estimate)	₹9.3 L/yr - ₹22 L/yr

Last Updated: 16 Mar 2025

Companies similar to Mahindra Finance for Product Manager in Mumbai

Mahindra Finance Product Manager Salary

2 - 10 years exp. (15 salaries)

₹9.3 L/yr - ₹35.1 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Product Manager Salary 1 - 7 years exp. (182 salaries)	₹5 L/yr - ₹18.5 L/yr 42% less
IIFL Finance Product Manager Salary 0 - 6 years exp. (27 salaries)	₹7.5 L/yr - ₹24.5 L/yr 26% less
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SMFG India Credit Product Manager Salary 0 - 8 years exp. (12 salaries)	₹8 L/yr - ₹25 L/yr 20% less
Kotak Mahindra Prime Product Manager Salary 1 - 9 years exp. (10 salaries)	₹6.1 L/yr - ₹11 L/yr 63% less
Bajaj Finance Product Manager Salary 2 - 7 years exp. (10 salaries)	₹7.6 L/yr - ₹26.8 L/yr 20% less
Tata Capital Housing Finance Product Manager Salary 0 - 6 years exp. (9 salaries)	₹6.5 L/yr - ₹15.9 L/yr 47% less
Mahindra Rural Housing Finance Product Manager Salary 1 - 5 years exp. (5 salaries)	₹8 L/yr - ₹27.9 L/yr 22% less
Capri Global Capital Product Manager Salary 3 - 8 years exp. (5 salaries)	₹10 L/yr - ₹14 L/yr 40% less
HDB Financial Services Product Manager Salary 3 - 13 years exp. (5 salaries)	₹9.6 L/yr - ₹18.5 L/yr 32% less	1 job opening
Shriram Finance Product Manager Salary 8 - 15 years exp. (4 salaries)	₹5.4 L/yr - ₹11 L/yr 70% less
Sammaan Capital Limited Product Manager Salary 2 - 10 years exp. (4 salaries)	₹9 L/yr - ₹24 L/yr 13% less
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Manappuram Finance Product Manager Salary 3 - 4 years exp. (3 salaries)	₹18.9 L/yr - ₹20 L/yr 6% less

Product Manager salary at Mahindra Finance ranges between ₹9.3 Lakhs to ₹35.1 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 15 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Product Manager in Mumbai

3w ago

₹19.9 Lakhs

10 years exp.

1mo ago

₹14.7 Lakhs

9 years exp.

2mo ago

₹15 Lakhs

2 years exp.

5mo ago

₹22 Lakhs

9 years exp.

5mo ago

₹15.7 Lakhs

4 years exp.

7mo ago

8 years exp.

10mo ago

4 years exp.

1y ago

8 years exp.

1y ago

10 years exp.

1y ago

9 years exp.

Experience wise Mahindra Finance Product Manager salaries in Mumbai

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.5 L/yr
3 years (AmbitionBox Estimate)	₹17.9 L/yr - ₹22.8 L/yr
Login to view exact salary
4 years (3 salaries)	₹9.3 L/yr - ₹36.1 L/yr
5 years (AmbitionBox Estimate)	₹18.3 L/yr - ₹23.4 L/yr
6 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹23.6 L/yr
7 years (AmbitionBox Estimate)	₹18.7 L/yr - ₹23.9 L/yr
8 years (4 salaries)	₹13.5 L/yr - ₹37.9 L/yr
9 years (3 salaries)	₹14.7 L/yr - ₹32 L/yr
10 years (AmbitionBox Estimate)	₹19.4 L/yr - ₹24.8 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

Senior Product Manager Salary

(5 salaries)

₹17.1 L/yr - ₹23 L/yr

Product Owner Salary

(3 salaries)

₹21.6 L/yr - ₹27.6 L/yr

Top skills at Mahindra Finance for Product Manager

Product Launch Competitive Analysis Malayalam Data Analytics Home Loans Bengali Product Management Supply Chain Management Product Life Cycle Management LMS New Product Development Project Management Stakeholder Management

Salary related reviews for Mahindra Finance

3.0

Rated by 2 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..

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....

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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 Product Manager Salary FAQs

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

The average salary of a Product Manager at Mahindra Finance in Mumbai typically ranges from ₹9.3 Lakhs to ₹35.1 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Product Manager in Mumbai at Mahindra Finance earn more than ₹35.1 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Product 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 Product Manager at Mahindra Finance in Mumbai?

The estimated take-home salary of a Product Manager at Mahindra Finance in Mumbai typically ranges from ₹1,34,740 to ₹1,39,696 per month. This is based on the average salary range of ₹9.3 Lakhs to ₹35.1 Lakhs per year for employees with experience ranging from 2 years to 10 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.

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

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

- Product Launch
- Competitive Analysis
- Malayalam
- Data Analytics
- Home Loans

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

What is the salary of a Product Manager in companies similar to Mahindra Finance in Mumbai?

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

Manappuram Finance	₹18.9 Lakhs to ₹20.0 Lakhs per year
Sammaan Capital Limited	₹9.0 Lakhs to ₹24.0 Lakhs per year
SMFG India Credit	₹8.0 Lakhs to ₹25.0 Lakhs per year
Bajaj Finance	₹7.6 Lakhs to ₹26.8 Lakhs per year
Mahindra Rural Housing Finance	₹8.0 Lakhs to ₹27.9 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 Product Manager at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
2 years	₹17.6 Lakhs to ₹22.5 Lakhs per year
3 years	₹17.9 Lakhs to ₹22.8 Lakhs per year
4 years	₹9.3 Lakhs to ₹36.1 Lakhs per year
5 years	₹18.3 Lakhs to ₹23.4 Lakhs per year

and so on.

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Mahindra Finance Product Manager Salaries in Mumbai

Mahindra Finance Product Manager salary in Mumbai ranges between ₹9.3 Lakhs to ₹35.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Mahindra Finance latest salaries received from various employees of Mahindra Finance.