Mahindra Finance Mumbai Software Developer Salaries by 10+ Employees (Updated 2025)

1 - 6 years exp.

₹2.9 Lakhs - ₹12 Lakhs

Salary of majority employees

22% less than the average Software Developer Salary in NBFC Companies for 1 - 6 years of experience

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Last Updated: 14 Mar 2025

Companies similar to Mahindra Finance for Software Developer in Mumbai

Mahindra Finance Software Developer Salary

1 - 6 years exp. (13 salaries)

₹2.9 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Software Developer Salary 0 - 3 years exp. (33 salaries)	₹3.1 L/yr - ₹12 L/yr 12% more
L&T Finance Software Developer Salary 1 - 4 years exp. (6 salaries)	₹6.9 L/yr - ₹12 L/yr 51% more
Login to view exact salary
SMFG India Credit Software Developer Salary 2 - 5 years exp. (4 salaries)	₹7.3 L/yr - ₹11.1 L/yr 16% more
HDB Financial Services Software Developer Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹7.5 L/yr 33% less
Sammaan Capital Limited Software Developer Salary 2 - 3 years exp. (3 salaries)	₹3 L/yr - ₹9 L/yr 8% more

Software Developer salary at Mahindra Finance ranges between ₹2.9 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 13 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Software Developer salaries in Mumbai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
2 years (4 salaries)	₹3 L/yr - ₹10.7 L/yr
Login to view exact salary
3 years (3 salaries)	₹3 L/yr - ₹7.2 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
5 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
6 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr

View all

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Salary related reviews for Mahindra Finance

3.9

Rated by 2 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

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

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Software Developer Salary FAQs

What is the salary of Software Developer at Mahindra Finance in Mumbai?

The average salary of a Software Developer at Mahindra Finance in Mumbai typically ranges from ₹2.9 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Software Developer in Mumbai at Mahindra Finance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Software Developer 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 Software Developer at Mahindra Finance in Mumbai?

The estimated take-home salary of a Software Developer at Mahindra Finance in Mumbai typically ranges from ₹53,195 to ₹54,519 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 1 year 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 10+ 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 Software Developer in India?

L&T Finance	₹6.9 Lakhs to ₹12.0 Lakhs per year
SMFG India Credit	₹7.3 Lakhs to ₹11.1 Lakhs per year
IIFL Finance	₹3.1 Lakhs to ₹12.0 Lakhs per year
Sammaan Capital Limited	₹3.0 Lakhs to ₹9.0 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 Software Developer in companies similar to Mahindra Finance in Mumbai?

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

HDB Financial Services

₹2.0 Lakhs to ₹7.5 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 Software Developer at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
1 year	₹4.3 Lakhs to ₹5.5 Lakhs per year
2 years	₹3.0 Lakhs to ₹10.7 Lakhs per year
3 years	₹3.0 Lakhs to ₹7.2 Lakhs per year
4 years	₹7.5 Lakhs to ₹9.5 Lakhs per year

and so on.

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Mahindra Finance Software Developer Salaries in Mumbai

Mahindra Finance Software Developer salary in Mumbai ranges between ₹2.9 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Mahindra Finance latest salaries received from various employees of Mahindra Finance.