Mahindra Finance Software Engineer Salaries by 9 Employees (Updated 2025)

0 - 8 years exp.

₹3 Lakhs - ₹7.6 Lakhs

Low Confidence

Salary of majority employees

18% less than the average Software Engineer Salary in NBFC Companies for 0 - 8 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Salary 0 - 8 years exp. (8 salaries)	₹3 L/yr - ₹7.6 L/yr
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Finance & Accounting Software Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹8 L/yr

Last Updated: 16 Jan 2025

Companies similar to Mahindra Finance for Software Engineer

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TCS Software Engineer Salary 0 - 7 years exp. (22.9k salaries)	₹3 L/yr - ₹10.5 L/yr 4% less
Global Wings Abudhabi Software Engineer Salary 0 - 5 years exp. (99 salaries)	₹2.3 L/yr - ₹10 L/yr 6% less
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Infosys Software Engineer Salary 0 - 6 years exp. (5.7k salaries)	₹2.9 L/yr - ₹10.9 L/yr 2% less
Wipro Software Engineer Salary 0 - 8 years exp. (14k salaries)	₹2 L/yr - ₹15.6 L/yr 21% more	8 job openings
HCLTech Software Engineer Salary 0 - 6 years exp. (23.1k salaries)	₹1.7 L/yr - ₹8 L/yr 33% less	1 job opening
Tech Mahindra Software Engineer Salary 0 - 7 years exp. (26.4k salaries)	₹2 L/yr - ₹9.1 L/yr 14% less	17 job openings
HDFC Bank Software Engineer Salary 1 - 7 years exp. (92 salaries)	₹3 L/yr - ₹12.3 L/yr 13% more
Bajaj Finance Software Engineer Salary 0 - 3 years exp. (85 salaries)	₹4.9 L/yr - ₹15 L/yr 70% more
Sammaan Capital Limited Software Engineer Salary 0 - 8 years exp. (47 salaries)	₹2 L/yr - ₹9 L/yr 15% less
LendingKart Software Engineer Salary 1 - 4 years exp. (47 salaries)	₹7.5 L/yr - ₹23 L/yr 131% more
Aditya Birla Capital Software Engineer Salary 0 - 4 years exp. (40 salaries)	₹3 L/yr - ₹9.5 L/yr 7% less
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Edelweiss Software Engineer Salary 1 - 7 years exp. (23 salaries)	₹4.2 L/yr - ₹16.2 L/yr 36% more
Bharat Financial Inclusion Software Engineer Salary 1 - 5 years exp. (25 salaries)	₹4 L/yr - ₹8.9 L/yr 23% less
TVS Credit Software Engineer Salary 0 - 7 years exp. (20 salaries)	₹3.6 L/yr - ₹10.5 L/yr 2% more
SMFG India Credit Software Engineer Salary 1 - 7 years exp. (20 salaries)	₹6.7 L/yr - ₹15.1 L/yr 36% more
Sundaram Finance Software Engineer Salary 0 - 4 years exp. (20 salaries)	₹4 L/yr - ₹7 L/yr 14% less
L&T Finance Software Engineer Salary 0 - 5 years exp. (19 salaries)	₹4.2 L/yr - ₹10.8 L/yr 8% more
IIFL Finance Software Engineer Salary 0 - 6 years exp. (14 salaries)	₹5.5 L/yr - ₹22 L/yr 91% more
Capri Global Capital Software Engineer Salary 0 - 4 years exp. (15 salaries)	₹10 L/yr - ₹28.5 L/yr 195% more
Shriram Finance Software Engineer Salary 0 - 3 years exp. (10 salaries)	₹3 L/yr - ₹4 L/yr 47% less

View all

Software Engineer salary at Mahindra Finance ranges between ₹3 Lakhs to ₹7.6 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 9 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Software Engineer salaries

Last Updated: 16 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹10.8 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹11.2 L/yr
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2 years (AmbitionBox Estimate)	₹3 L/yr - ₹11.5 L/yr
3 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.9 L/yr
4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.6 L/yr
6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹13 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹13 L/yr

View all

Similar Designation salaries in Mahindra Finance

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

Software Developer Salary

(20 salaries)

₹2.9 L/yr - ₹10.35 L/yr

Web Developer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

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

Team Lead Salary

(36 salaries)

₹2.2 L/yr - ₹5.5 L/yr

Senior Associate Salary

(5 salaries)

₹7.13 L/yr - ₹9.66 L/yr

Salary related reviews for Mahindra Finance

5.0

Rated by 1 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

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Mahindra Finance Software Engineer Salary FAQs

What is the salary of Software Engineer at Mahindra Finance?

Software Engineer salary at Mahindra Finance in India ranges between ₹3.0 Lakhs to ₹7.6 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 18% less than the average Software Engineer Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Software Engineer at Mahindra Finance is 18% less than the average salary of a Software Engineer in India. To know exact salary insights, login to view.

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

CreditAccess Grameen Software Engineer Salary - ₹17.7 Lakhs to ₹35.3 Lakhs per year
Capri Global Capital Software Engineer Salary - ₹10.0 Lakhs to ₹28.5 Lakhs per year
LendingKart Software Engineer Salary - ₹7.5 Lakhs to ₹23.0 Lakhs per year
IIFL Finance Software Engineer Salary - ₹5.5 Lakhs to ₹22.0 Lakhs per year
Bajaj Finance Software Engineer Salary - ₹4.9 Lakhs to ₹15.0 Lakhs per year

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

SMFG India Credit Software Engineer Salary - ₹6.7 Lakhs to ₹15.1 Lakhs per year
Edelweiss Software Engineer Salary - ₹4.2 Lakhs to ₹16.2 Lakhs per year
Muthoot Microfin Software Engineer Salary - ₹2.9 Lakhs to ₹17.5 Lakhs per year
Satin Creditcare Network Software Engineer Salary - ₹7.4 Lakhs to ₹10.5 Lakhs per year
Wipro Software Engineer Salary - ₹2.0 Lakhs to ₹15.6 Lakhs per year

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

The estimated take-home salary of a Software Engineer at Mahindra Finance ranges between ₹52,153 per month to ₹53,382 per month in India. The take-home salary calculation is based on the average Mahindra Finance Software Engineer salary in India which ranges between ₹3.0 Lakhs to ₹7.6 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Mahindra Finance Software Engineers 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 Engineer Salaries

Mahindra Finance Software Engineer salary in India ranges between ₹3 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Software Engineer salaries in India

Companies similar to Mahindra Finance for Software Engineer

Latest annual salaries shared by Mahindra Finance Software Engineer

Experience wise Mahindra Finance Software Engineer salaries

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 Engineer Salary FAQs

Tell us how to improve this page.