Mahindra Finance Mumbai Software Developer Salaries by 10+ Employees (Updated 2024)

0 - 7 years exp.

₹2.8 Lakhs - ₹13.5 Lakhs

Salary of majority employees

7% less than the average Software Developer Salary in NBFC Companies for 0 - 7 years of experience

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Last Updated: 11 Oct 2024

Companies similar to Mahindra Finance for Software Developer in Mumbai

Mahindra Finance Software Developer Salary

0 - 7 years exp. (14 salaries)

₹2.8 L/yr - ₹13.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Software Developer Salary 1 - 9 years exp. (93 salaries)	₹8.2 L/yr - ₹17 L/yr 30% more
L&T Finance Software Developer Salary 1 - 5 years exp. (7 salaries)	₹6.9 L/yr - ₹26 L/yr 106% more
Login to view exact salary
Aditya Birla Capital Software Developer Salary 1 - 4 years exp. (14 salaries)	₹11 L/yr - ₹15.7 L/yr 61% more
Edelweiss Software Developer Salary 1 - 7 years exp. (19 salaries)	₹3.4 L/yr - ₹10.9 L/yr 6% less
Sammaan Capital Limited Software Developer Salary 2 - 3 years exp. (3 salaries)	₹6.7 L/yr - ₹9 L/yr 6% more
IIFL Finance Software Developer Salary 0 - 4 years exp. (30 salaries)	₹3.3 L/yr - ₹10.8 L/yr 4% less
SMFG India Credit Software Developer Salary 2 - 6 years exp. (6 salaries)	₹7 L/yr - ₹8.5 L/yr 5% less

Software Developer salary at Mahindra Finance ranges between ₹2.8 Lakhs to ₹13.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Software Developer salaries in Mumbai

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹9.4 L/yr
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2 years (4 salaries)	₹3 L/yr - ₹11.1 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.2 L/yr
4 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹12 L/yr
5 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹18 L/yr
7 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹13.5 L/yr

View all

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Salary related reviews for Mahindra Finance

4.0

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..

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..

Circle Head in Kolkata

Full Time

Strategic & Top Management Department

3.0

• posted on 04 Nov 2024

2.0

for Salary and Benefits

Likes

Earlier it used to be Culture and company policies. But since the management has changed it’s a pathetic situation. Old employees at senior level of 22+ years in the organisation has also been sacked.

Dislikes

No work life balance Low salary growth for existing employees Weak management Poor policy

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

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

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

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.

Dislikes

So far no issues.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 ₹2.8 Lakhs to ₹13.5 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 7% 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 7% 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?

L&T Finance Software Developer Salary - ₹6.9 Lakhs to ₹26.0 Lakhs per year
Aditya Birla Capital Software Developer Salary - ₹11.0 Lakhs to ₹15.7 Lakhs per year
HDFC Bank Software Developer Salary - ₹8.2 Lakhs to ₹17.0 Lakhs per year
Sammaan Capital Limited Software Developer Salary - ₹6.7 Lakhs to ₹9.0 Lakhs per year

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

IIFL Finance Software Developer Salary - ₹3.3 Lakhs to ₹10.8 Lakhs per year
SMFG India Credit Software Developer Salary - ₹7.0 Lakhs to ₹8.5 Lakhs per year
Edelweiss Software Developer Salary - ₹3.4 Lakhs to ₹10.9 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 ₹56,474 per month to ₹57,891 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Finance Software Developer salary in India which ranges between ₹2.8 Lakhs to ₹13.5 Lakhs per year for employees with less than 1 year of experience to 7 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, 83% of the Mahindra Finance Software Developers in Mumbai reported a notice period of 1 Month, 17% reported a notice period of 15 days or less.This is based on 6 responses on AmbitionBox in last 2 years.

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Mahindra Finance Software Developer Salaries in Mumbai

Mahindra Finance Software Developer salary in Mumbai ranges between ₹2.8 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Mahindra Finance latest salaries received from various employees of Mahindra Finance.