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

0 - 6 years exp.

₹2.9 Lakhs - ₹11 Lakhs

Salary of majority employees

22% less than the average Software Developer Salary in NBFC Companies for 0 - 6 years of experience

Interested in this particular role?

Last Updated: 17 Feb 2025

Companies similar to Mahindra Finance for Software Developer in Engineering - Software & QA department

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Software Developer Salary 0 - 4 years exp. (21 salaries)	₹5.2 L/yr - ₹14 L/yr 73% more
HDFC Bank Software Developer Salary 1 - 9 years exp. (111 salaries)	₹10.1 L/yr - ₹19.3 L/yr 79% more
Login to view exact salary
L&T Finance Software Developer Salary 0 - 7 years exp. (11 salaries)	₹6 L/yr - ₹18.7 L/yr 73% more
Cholamandalam Investment & Finance Software Developer Salary 0 - 4 years exp. (12 salaries)	₹3 L/yr - ₹7 L/yr 38% less
Muthoot Finance Software Developer Salary 0 - 2 years exp. (3 salaries)	₹3.8 L/yr - ₹4 L/yr 39% less
Aditya Birla Capital Software Developer Salary 0 - 4 years exp. (24 salaries)	₹9 L/yr - ₹15.7 L/yr 74% more
Edelweiss Software Developer Salary 1 - 7 years exp. (33 salaries)	₹5.7 L/yr - ₹17.4 L/yr 60% more
Sammaan Capital Limited Software Developer Salary 2 - 6 years exp. (8 salaries)	₹4 L/yr - ₹13.9 L/yr 36% more
TVS Credit Software Developer Salary 1 - 6 years exp. (119 salaries)	₹3.1 L/yr - ₹9.6 L/yr 13% more
IIFL Finance Software Developer Salary 0 - 4 years exp. (64 salaries)	₹4 L/yr - ₹14 L/yr 33% more
Manappuram Finance Software Developer Salary 0 - 4 years exp. (60 salaries)	₹1 L/yr - ₹4.2 L/yr 57% less
Login to view exact salary
HDB Financial Services Software Developer Salary 1 - 5 years exp. (13 salaries)	₹1.9 L/yr - ₹9.2 L/yr 12% less
Bharat Financial Inclusion Software Developer Salary 3 - 8 years exp. (9 salaries)	₹4.8 L/yr - ₹11.3 L/yr 30% more
SMFG India Credit Software Developer Salary 2 - 6 years exp. (5 salaries)	₹7 L/yr - ₹8.5 L/yr 14% more
Aavas Financiers Software Developer Salary 0 - 3 years exp. (4 salaries)	₹3.6 L/yr - ₹5.4 L/yr 34% less
Capri Global Capital Software Developer Salary 1 - 6 years exp. (3 salaries)	₹12 L/yr - ₹18 L/yr 146% more

Software Developer salary at Mahindra Finance ranges between ₹2.9 Lakhs to ₹11 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 18 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Software Developer salaries in Engineering - Software & QA department

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.5 L/yr
1 year (3 salaries)	₹2.9 L/yr - ₹7.6 L/yr
Login to view exact salary
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 - ₹17.3 L/yr

View all

Similar Designation salaries in Mahindra Finance

Salesforce Developer Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Java Developer Salary

(10 salaries)

₹4.75 L/yr - ₹15.5 L/yr

Senior Software Developer Salary

(5 salaries)

₹6.6 L/yr - ₹22.4 L/yr

Software Engineer Salary

(9 salaries)

₹3 L/yr - ₹7.62 L/yr

Web Developer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Plsql Developer Salary

(5 salaries)

₹3.55 L/yr - ₹9 L/yr

Senior Engineer Salary

(3 salaries)

₹10 L/yr - ₹38 L/yr

System Engineer Salary

(4 salaries)

₹2.4 L/yr - ₹8.44 L/yr

Senior Software Engineer Salary

(5 salaries)

₹6.2 L/yr - ₹12.5 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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.

Got a question about Mahindra Finance?

Ask anonymously on communities.

Mahindra Finance Software Developer Salary FAQs

What is the salary of Software Developer at Mahindra Finance in Engineering - Software & QA department?

Software Developer salary at Mahindra Finance in Engineering - Software & QA department in India ranges between ₹2.9 Lakhs to ₹11.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 22% less than the average Software Developer Salary in India. Salary estimates are based on 18 latest salaries received from various employees of Mahindra Finance India in Engineering - Software & QA department.

How does the salary of a Software Developer at Mahindra Finance India in Engineering - Software & QA department compare with the average salary range for this job?

The average salary of a Software Developer at Mahindra Finance in Engineering - Software & QA department is 22% 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 Engineering - Software & QA department in India?

Capri Global Capital Software Developer Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
HDFC Bank Software Developer Salary - ₹10.1 Lakhs to ₹19.3 Lakhs per year
Aditya Birla Capital Software Developer Salary - ₹9.0 Lakhs to ₹15.7 Lakhs per year
L&T Finance Software Developer Salary - ₹6.0 Lakhs to ₹18.7 Lakhs per year
Bajaj Finance Software Developer Salary - ₹5.2 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Software Developer in Engineering - Software & QA department in companies similar to Mahindra Finance in India?

Edelweiss Software Developer Salary - ₹5.7 Lakhs to ₹17.4 Lakhs per year
Sammaan Capital Limited Software Developer Salary - ₹4.0 Lakhs to ₹13.9 Lakhs per year
IIFL Finance Software Developer Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
Bharat Financial Inclusion Software Developer Salary - ₹4.8 Lakhs to ₹11.3 Lakhs per year
SMFG India Credit Software Developer Salary - ₹7.0 Lakhs to ₹8.5 Lakhs per year

What is the estimated take home salary of a Software Developer in Engineering - Software & QA department at Mahindra Finance in India?

The estimated take-home salary of a Software Developer in Engineering - Software & QA department at Mahindra Finance ranges between ₹48,585 per month to ₹49,734 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 ₹11.0 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 in Engineering - Software & QA department at Mahindra Finance?

According to AmbitionBox, 56% of the Mahindra Finance Software Developers in Engineering - Software & QA department 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.

Tell us how to improve this page.

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance Software Developer Salaries

Mahindra Finance Software Developer salary in Engineering - Software & QA department in India ranges between ₹2.9 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Software Developer salaries in Engineering - Software & QA in India (Updated 2025)

Companies similar to Mahindra Finance for Software Developer in Engineering - Software & QA department

Latest annual salaries shared by Mahindra Finance Software Developer in Engineering - Software & QA department

Experience wise Mahindra Finance Software Developer salaries in Engineering - Software & QA department

Similar Designation salaries in Mahindra Finance

Salary related reviews for Mahindra Finance

Senior Engineer in Aurangaba Maharashtra

Area Business Manager in Hyderabad / Secunderabad

Senior Business Executive in Port Blair

Area Business Manager in Kanpur

Credit Manager in Chennai

Mahindra Finance Software Developer Salary FAQs

Tell us how to improve this page.