Mahindra Finance Senior Accountant Salaries by 6 Employees (Updated 2025)

0 - 6 years exp.

₹3.5 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

27% less than the average Senior Accountant Salary in NBFC Companies for 0 - 6 years of experience

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Salaries in different departments

Finance & Accounting Senior Accountant Salary 3 - 6 years exp. (4 salaries)	₹3.8 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Senior Accountant Salary Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 5 Mar 2025

Companies similar to Mahindra Finance for Senior Accountant

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Senior Accountant Salary 3 - 11 years exp. (8 salaries)	₹2 L/yr - ₹5.5 L/yr 18% less
Poonawalla Fincorp Senior Accountant Salary 8 - 12 years exp. (7 salaries)	₹2.5 L/yr - ₹3.6 L/yr 26% less
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IIFL Finance Senior Accountant Salary 2 - 4 years exp. (6 salaries)	₹2.1 L/yr - ₹4.1 L/yr 28% less
Manappuram Finance Senior Accountant Salary 1 - 4 years exp. (5 salaries)	₹1.1 L/yr - ₹2.5 L/yr 58% less
Five-Star Business Finance Senior Accountant Salary 2 - 7 years exp. (5 salaries)	₹2.2 L/yr - ₹3.2 L/yr 33% less
HDB Financial Services Senior Accountant Salary 0 - 10 years exp. (5 salaries)	₹1.3 L/yr - ₹5 L/yr 27% less
Sammaan Capital Limited Senior Accountant Salary 3 - 8 years exp. (4 salaries)	₹3 L/yr - ₹5.6 L/yr 4% less
Sundaram Finance Senior Accountant Salary 2 - 29 years exp. (4 salaries)	₹3.2 L/yr - ₹6 L/yr 7% more
TVS Credit Senior Accountant Salary 4 - 5 years exp. (3 salaries)	₹3 L/yr - ₹12 L/yr 48% more
L&T Finance Senior Accountant Salary 5 - 10 years exp. (3 salaries)	₹2 L/yr - ₹7 L/yr 10% less
Bajaj Finance Senior Accountant Salary 5 - 30 years exp. (3 salaries)	₹8 L/yr - ₹14 L/yr 155% more
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Senior Accountant salary at Mahindra Finance ranges between ₹3.5 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Senior Accountant salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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2 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹7.2 L/yr
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.7 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.9 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5 L/yr

View all

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Salary related reviews for Mahindra Finance

3.0

Rated by 1 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

Accounts Associate in Bikramganj

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 May 2023

1.0

for Salary and Benefits

Likes

There is nothing to like in Mahindra finance.

Dislikes

Work culture is very bad.Office also open on Sunday, salary is very low,there is lack of corporate culture,company is understaff,there is no proper infrastructure.

Salary - Bad

+4 more

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

Finance Executive in Haryana ,Rohtak

BFSI, Investments & Trading Department

4.0

• posted on 01 May 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and but they give low salary hike and but bonus every year.

Salary - Good

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a no bond of 2 years before which you cannot resign. On the job training is given to new joinees.

Job security - Bad

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Mahindra Finance Senior Accountant Salary FAQs

What is the salary of Senior Accountant at Mahindra Finance ?

The average salary of a Senior Accountant at Mahindra Finance in India typically ranges from ₹3.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Senior Accountant at Mahindra Finance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Senior Accountant 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 Senior Accountant at Mahindra Finance in India?

The estimated take-home salary of a Senior Accountant at Mahindra Finance in India typically ranges from ₹29,946 to ₹31,261 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 6 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.

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

Bajaj Finance	₹8.0 Lakhs to ₹14.0 Lakhs per year
TVS Credit	₹3.0 Lakhs to ₹12.0 Lakhs per year
Sundaram Finance	₹3.2 Lakhs to ₹6.0 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 Senior Accountant in companies similar to Mahindra Finance in India?

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

Sammaan Capital Limited	₹3.0 Lakhs to ₹5.6 Lakhs per year
L&T Finance	₹2.0 Lakhs to ₹7.0 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹5.5 Lakhs per year
Poonawalla Fincorp	₹2.5 Lakhs to ₹3.6 Lakhs per year
HDB Financial Services	₹1.3 Lakhs to ₹5.0 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 Senior Accountant at Mahindra Finance in India?

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

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹3.5 Lakhs per year
1 year	₹3.2 Lakhs to ₹4.0 Lakhs per year
2 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
3 years	₹3.8 Lakhs to ₹7.2 Lakhs per year

and so on.

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Mahindra Finance Senior Accountant Salaries

Mahindra Finance Senior Accountant salary in India ranges between ₹3.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra Finance latest salaries received from various employees of Mahindra Finance.