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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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Mahindra Finance Software Developer salaries in Mumbai (Updated 2025)

Annual salary range
0 - 6 years exp.
₹2.9 Lakhs - ₹12 Lakhs
Salary of majority employees
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17% 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 in Mumbai

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Mahindra Finance Software Developer Salary

0 - 6 years exp. (14 salaries)

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₹2.9 L/yr - ₹12 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Software Developer Salary

1 - 9 years exp. (85 salaries)

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₹9.3 L/yr - ₹17 L/yr

arrow icon 45% more
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L&T Finance Software Developer Salary

1 - 5 years exp. (6 salaries)

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₹6.9 L/yr - ₹12 L/yr

arrow icon 46% more
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₹11 L/yr - ₹15.7 L/yr

arrow icon 64% more
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Edelweiss Software Developer Salary

2 - 7 years exp. (17 salaries)

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₹3.6 L/yr - ₹16 L/yr

arrow icon 22% more
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₹3 L/yr - ₹9 L/yr

arrow icon 5% more
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IIFL Finance Software Developer Salary

0 - 4 years exp. (32 salaries)

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₹3.9 L/yr - ₹12 L/yr

arrow icon 16% more
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SMFG India Credit Software Developer Salary

2 - 6 years exp. (5 salaries)

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₹7 L/yr - ₹8.5 L/yr

arrow icon 4% more
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₹2 L/yr - ₹7.5 L/yr

arrow icon 35% less
Software Developer salary at Mahindra Finance ranges between ₹2.9 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Software Developer in Mumbai

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Experience wise Mahindra Finance Software Developer salaries in Mumbai

Last Updated: 17 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)

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₹2.9 L/yr - ₹9.2 L/yr
2 years  (4 salaries)

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₹3 L/yr - ₹11.2 L/yr
3 years  (3 salaries)

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₹3 L/yr - ₹13.1 L/yr
4 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹12 L/yr
View all

Similar Designation salaries in Mahindra Finance

Java Developer Salary
(5 salaries)
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₹4.13 L/yr - ₹11.5 L/yr
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₹4 L/yr - ₹7.76 L/yr
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₹5.8 L/yr - ₹9 L/yr
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Salary related reviews for Mahindra Finance

3.9

Rated by 2 employees for salary & benefits

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..

read more
  • 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..

read more
  • Job security - Poor
  • +3 more

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.

read more
  • 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.

read more

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

read more
  • 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....

read more

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

read more
  • Salary - Poor
  • +2 more

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.,

read more
  • Salary - Poor
  • +6 more
see more salary related reviews

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Mahindra Finance Software Developer Salary FAQs

What is the salary of Software Developer at Mahindra Finance Mumbai?
Software Developer salary at Mahindra Finance in Mumbai ranges between ₹2.9 Lakhs to ₹12.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 17% less than the average Software Developer Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Finance Mumbai.
How does the salary of a Software Developer at Mahindra Finance Mumbai compare with the average salary range for this job?
The average salary of a Software Developer at Mahindra Finance is 17% less than the average salary of a Software Developer in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Mahindra Finance to a Software Developer in Mumbai?
  • Aditya Birla Capital Software Developer Salary - ₹11.0 Lakhs to ₹15.7 Lakhs per year
  • L&T Finance Software Developer Salary - ₹6.9 Lakhs to ₹12.0 Lakhs per year
  • HDFC Bank Software Developer Salary - ₹9.3 Lakhs to ₹17.0 Lakhs per year
  • Edelweiss Software Developer Salary - ₹3.6 Lakhs to ₹16.0 Lakhs per year
  • IIFL Finance Software Developer Salary - ₹3.9 Lakhs to ₹12.0 Lakhs per year
What is the salary of a Software Developer in companies similar to Mahindra Finance in Mumbai?
  • Sammaan Capital Limited Software Developer Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
  • SMFG India Credit Software Developer Salary - ₹7.0 Lakhs to ₹8.5 Lakhs per year
  • HDB Financial Services Software Developer Salary - ₹2.0 Lakhs to ₹7.5 Lakhs per year
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 ranges between ₹54,327 per month to ₹55,683 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Finance Software Developer salary in India which ranges between ₹2.9 Lakhs to ₹12.0 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 in Mumbai?
According to AmbitionBox, 63% of the Mahindra Finance Software Developers in Mumbai reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Mahindra Finance Software Developer salary in Mumbai ranges between ₹2.9 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Mahindra Finance latest salaries received from various employees of Mahindra Finance.