Mahindra Finance Softwaretest Engineer Salaries by 7 Employees (Updated 2025)

1 - 6 years exp.

₹4.2 Lakhs - ₹6.3 Lakhs

Low Confidence

Salary of majority employees

Fixed (96%)

₹5.2 Lakhs

Variable (4%)

₹0.2 Lakh

7% less than the average Softwaretest Engineer Salary in NBFC Companies for 1 - 6 years of experience

Interested in this particular role?

Last Updated: 10 Feb 2025

Companies similar to Mahindra Finance for Softwaretest Engineer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Softwaretest Engineer Salary 0 - 4 years exp. (31 salaries)	₹1.6 L/yr - ₹5.5 L/yr 43% less
HDB Financial Services Softwaretest Engineer Salary 0 - 9 years exp. (8 salaries)	₹1.8 L/yr - ₹4 L/yr 55% less
Login to view exact salary
IIFL Finance Softwaretest Engineer Salary 1 - 5 years exp. (7 salaries)	₹3 L/yr - ₹5.6 L/yr 29% less
Sammaan Capital Limited Softwaretest Engineer Salary 3 - 5 years exp. (6 salaries)	₹3.8 L/yr - ₹7 L/yr 9% less
Bharat Financial Inclusion Softwaretest Engineer Salary 1 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹21 L/yr 92% more
Spandana Sphoorty Financial Softwaretest Engineer Salary 3 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹9 L/yr 25% less
SMFG India Credit Softwaretest Engineer Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹7.2 L/yr 15% less
LendingKart Softwaretest Engineer Salary 1 - 3 years exp. (3 salaries)	₹3.7 L/yr - ₹7.2 L/yr 8% more
Manappuram Finance Softwaretest Engineer Salary 0 - 3 years exp. (3 salaries)	₹2.1 L/yr - ₹3.1 L/yr 53% less
Tata Capital Housing Finance Softwaretest Engineer Salary 1 - 3 years exp. (3 salaries)	₹1.8 L/yr - ₹3.5 L/yr 49% less
L&T Finance Softwaretest Engineer Salary 3 - 8 years exp. (3 salaries)	₹7.5 L/yr - ₹30 L/yr 243% more
Login to view exact salary

Softwaretest Engineer salary at Mahindra Finance ranges between ₹4.2 Lakhs to ₹6.3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Softwaretest Engineer salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹6.3 L/yr
2 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹9.7 L/yr
Login to view exact salary
3 years (3 salaries)	₹4.2 L/yr - ₹9.7 L/yr
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.8 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.8 L/yr

View all

Similar Designation salaries in Mahindra Finance

IT Manager Salary

(34 salaries)

₹5 L/yr - ₹18.56 L/yr

Deputy Manager Information Technology Salary

(19 salaries)

₹5.5 L/yr - ₹9.8 L/yr

Software Engineer Salary

(9 salaries)

₹3 L/yr - ₹7.62 L/yr

Assistant Vice President IT Salary

(7 salaries)

₹22 L/yr - ₹47 L/yr

System Administrator Salary

(7 salaries)

₹2.7 L/yr - ₹4.5 L/yr

Tableau Developer Salary

(6 salaries)

₹6.5 L/yr - ₹7.1 L/yr

IT Head Salary

(6 salaries)

₹53 L/yr - ₹53 L/yr

Service Desk Engineer Salary

(5 salaries)

₹3 L/yr - ₹4.5 L/yr

Plsql Developer Salary

(5 salaries)

₹3.55 L/yr - ₹9 L/yr

Senior Software Engineer Salary

(5 salaries)

₹6.2 L/yr - ₹12.5 L/yr

Salary related reviews for Mahindra Finance

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

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

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

Got a question about Mahindra Finance?

Ask anonymously on communities.

Mahindra Finance Softwaretest Engineer Salary FAQs

What is the salary of Softwaretest Engineer at Mahindra Finance ?

The average salary of a Softwaretest Engineer at Mahindra Finance in India typically ranges from ₹4.2 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Softwaretest Engineer at Mahindra Finance earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Softwaretest Engineer 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 7 Mahindra Finance employees in India.

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

The estimated take-home salary of a Softwaretest Engineer at Mahindra Finance in India typically ranges from ₹40,692 to ₹41,846 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹6.3 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 7 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 Softwaretest Engineer in India?

L&T Finance	₹7.5 Lakhs to ₹30.0 Lakhs per year
Bharat Financial Inclusion	₹1.5 Lakhs to ₹21.0 Lakhs per year
LendingKart	₹3.7 Lakhs to ₹7.2 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 Softwaretest Engineer in companies similar to Mahindra Finance in India?

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

Sammaan Capital Limited	₹3.8 Lakhs to ₹7.0 Lakhs per year
SMFG India Credit	₹2.0 Lakhs to ₹7.2 Lakhs per year
Spandana Sphoorty Financial	₹2.4 Lakhs to ₹9.0 Lakhs per year
IIFL Finance	₹3.0 Lakhs to ₹5.6 Lakhs per year
Bajaj Finance	₹1.6 Lakhs to ₹5.5 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 Softwaretest Engineer at Mahindra Finance in India?

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

Experience	Average Salary Range
1 year	₹2.1 Lakhs to ₹6.3 Lakhs per year
2 years	₹5.3 Lakhs to ₹9.7 Lakhs per year
3 years	₹4.2 Lakhs to ₹9.7 Lakhs per year
4 years	₹4.9 Lakhs to ₹6.2 Lakhs per year

and so on.

Tell us how to improve this page.

Mahindra Finance Softwaretest Engineer Salaries by Location

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance Softwaretest Engineer Salaries

Mahindra Finance Softwaretest Engineer salary in India ranges between ₹4.2 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.