Mahindra Finance Mumbai Softwaretest Engineer Salaries by 4 Employees (Updated 2025)

2 - 6 years exp.

₹5.3 Lakhs - ₹5.8 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

9% less than the average Softwaretest Engineer Salary in NBFC Companies for 2 - 6 years of experience

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Last Updated: 10 Feb 2025

Companies similar to Mahindra Finance for Softwaretest Engineer in Mumbai

Mahindra Finance Softwaretest Engineer Salary

2 - 6 years exp. (4 salaries)

₹5.3 L/yr - ₹5.8 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Softwaretest Engineer Salary 1 - 5 years exp. (7 salaries)	₹3 L/yr - ₹5.6 L/yr 33% less
Cognizant Softwaretest Engineer Salary 1 - 8 years exp. (568 salaries)	₹2.4 L/yr - ₹12 L/yr 30% more
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TCS Softwaretest Engineer Salary 0 - 10 years exp. (567 salaries)	₹1.8 L/yr - ₹10 L/yr 14% more
QualityKiosk Technologies Softwaretest Engineer Salary 0 - 6 years exp. (536 salaries)	₹1.8 L/yr - ₹8.4 L/yr 10% less
Wipro Softwaretest Engineer Salary 1 - 6 years exp. (309 salaries)	₹2 L/yr - ₹11.5 L/yr 27% more

Softwaretest Engineer salary at Mahindra Finance ranges between ₹5.3 Lakhs to ₹5.8 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Softwaretest Engineer salaries in Mumbai

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
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5 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
6 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr

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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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Finance Softwaretest Engineer Salary FAQs

What is the salary of Softwaretest Engineer at Mahindra Finance in Mumbai?

The average salary of a Softwaretest Engineer at Mahindra Finance in Mumbai typically ranges from ₹5.3 Lakhs to ₹5.8 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Softwaretest Engineer in Mumbai at Mahindra Finance earn more than ₹5.8 Lakhs per year, and the top 1% earn over ₹5.8 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 4 Mahindra Finance employees in India.

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

The estimated take-home salary of a Softwaretest Engineer at Mahindra Finance in Mumbai typically ranges from ₹41,580 to ₹42,722 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹5.8 Lakhs per year for employees with experience ranging from 2 years 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 4 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?

Cognizant	₹2.4 Lakhs to ₹12.0 Lakhs per year
Wipro	₹2.0 Lakhs to ₹11.5 Lakhs per year
TCS	₹1.8 Lakhs to ₹10.0 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 Mumbai?

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

QualityKiosk Technologies	₹1.8 Lakhs to ₹8.4 Lakhs per year
IIFL Finance	₹3.0 Lakhs to ₹5.6 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 Mumbai?

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

Experience	Average Salary Range
2 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
3 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
5 years	₹5.2 Lakhs to ₹6.6 Lakhs per year
6 years	₹5.2 Lakhs to ₹6.6 Lakhs per year

and so on.

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Mahindra Finance Softwaretest Engineer Salaries in Mumbai

Mahindra Finance Softwaretest Engineer salary in Mumbai ranges between ₹5.3 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.