Mahindra Finance Software Developer Salaries by 20+ Employees (Updated 2025)

0 - 6 years exp.

₹2.9 Lakhs - ₹10.4 Lakhs

Salary of majority employees

19% less than the average Software Developer Salary in NBFC Companies for 0 - 6 years of experience

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Last Updated: 17 Feb 2025

Companies similar to Mahindra Finance for Software Developer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Software Developer Salary 0 - 3 years exp. (23 salaries)	₹5.7 L/yr - ₹14 L/yr 81% more
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Shriram Finance Software Developer Salary 2 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹6 L/yr 30% less
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Manappuram Finance Software Developer Salary 0 - 3 years exp. (73 salaries)	₹1 L/yr - ₹4.2 L/yr 57% less
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Muthoot Microfin Software Developer Salary 0 - 4 years exp. (8 salaries)	₹5 L/yr - ₹12 L/yr 28% more	1 job opening
SMFG India Credit Software Developer Salary 2 - 6 years exp. (7 salaries)	₹7 L/yr - ₹11 L/yr 18% more
Sundaram Finance Software Developer Salary 0 - 3 years exp. (5 salaries)	₹3.3 L/yr - ₹5.5 L/yr 28% less
Muthoot Fincorp Software Developer Salary 3 - 4 years exp. (4 salaries)	₹8 L/yr - ₹18.5 L/yr 121% more

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Software Developer salary at Mahindra Finance ranges between ₹2.9 Lakhs to ₹10.4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 20 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Software Developer salaries

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹4.5 L/yr
1 year (3 salaries)	₹2.9 L/yr - ₹7.8 L/yr
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2 years (6 salaries)	₹3 L/yr - ₹5.5 L/yr
3 years (3 salaries)	₹3 L/yr - ₹7.2 L/yr
4 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹12 L/yr
5 years (AmbitionBox Estimate)	₹7 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹12 L/yr

View all

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Salary related reviews for Mahindra Finance

4.2

Rated by 3 employees for salary & benefits

Senior Engineer in Aurangaba Maharashtra

Technical Department

4.0

• posted on 25 May 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture,team are supportive , company polices is good but Appraisal is not satisfied but more Learning in Mahindra Rural housing finance ltd last 4yers experience also I have 6month on team mentorship work role play..

Salary - Good

+1 more

Dislikes

Yes there is lot of Politics and management dosen't address our issues Salary is decent but carrer growth is slow....due to I have resigned it..

Job security - Poor

+3 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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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Mahindra Finance Software Developer Salary FAQs

What is the salary of Software Developer at Mahindra Finance?

Software Developer salary at Mahindra Finance in India ranges between ₹2.9 Lakhs to ₹10.4 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 19% less than the average Software Developer Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Software Developer at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Software Developer at Mahindra Finance is 19% less than the average salary of a Software Developer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Software Developer in India?

Capri Global Capital Software Developer Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
Muthoot Fincorp Software Developer Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
LendingKart Software Developer Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
L&T Finance Software Developer Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Poonawalla Fincorp Software Developer Salary - ₹8.0 Lakhs to ₹17.0 Lakhs per year

What is the salary of a Software Developer in companies similar to Mahindra Finance in India?

Bajaj Finance Software Developer Salary - ₹5.7 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Capital Software Developer Salary - ₹9.0 Lakhs to ₹15.7 Lakhs per year
HDFC Bank Software Developer Salary - ₹9.6 Lakhs to ₹18.1 Lakhs per year
Edelweiss Software Developer Salary - ₹3.9 Lakhs to ₹11.4 Lakhs per year
Sammaan Capital Limited Software Developer Salary - ₹3.8 Lakhs to ₹9.1 Lakhs per year

What is the estimated take home salary of a Software Developer at Mahindra Finance in India?

The estimated take-home salary of a Software Developer at Mahindra Finance ranges between ₹49,617 per month to ₹50,789 per month in India. The take-home salary calculation is based on the average Mahindra Finance Software Developer salary in India which ranges between ₹2.9 Lakhs to ₹10.4 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Software Developer at Mahindra Finance?

According to AmbitionBox, 56% of the Mahindra Finance Software Developers reported a notice period of 1 Month, 33% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Mahindra Finance Software Developer Salaries

Mahindra Finance Software Developer salary in India ranges between ₹2.9 Lakhs to ₹10.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Mahindra Finance latest salaries received from various employees of Mahindra Finance.