Mahindra Finance State Head Salaries by 4 Employees (Updated 2025)

14 - 17 years exp.

₹13.8 Lakhs - ₹15.5 Lakhs

Low Confidence

Salary of majority employees

12% less than the average State Head Salary in NBFC Companies for 14 - 17 years of experience

Interested in this particular role?

Last Updated: 15 Mar 2023

Companies similar to Mahindra Finance for State Head

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance State Head Salary 12 - 14 years exp. (5 salaries)	₹16.6 L/yr - ₹23.5 L/yr 39% more
HDFC Bank State Head Salary 10 - 18 years exp. (22 salaries)	₹9 L/yr - ₹32 L/yr 32% more
Login to view exact salary
Shriram Finance State Head Salary 12 - 23 years exp. (8 salaries)	₹13 L/yr - ₹22.2 L/yr 38% more
L&T Finance State Head Salary 9 - 21 years exp. (4 salaries)	₹8.5 L/yr - ₹25 L/yr 30% more
Cholamandalam Investment & Finance State Head Salary 11 - 18 years exp. (7 salaries)	₹13 L/yr - ₹25 L/yr 58% more
Muthoot Finance State Head Salary 15 - 20 years exp. (6 salaries)	₹12 L/yr - ₹20 L/yr 21% more
Aditya Birla Capital State Head Salary 9 - 12 years exp. (4 salaries)	₹6 L/yr - ₹19 L/yr 16% less
Edelweiss State Head Salary 15 - 17 years exp. (4 salaries)	₹10.3 L/yr - ₹13 L/yr 15% less
Sammaan Capital Limited State Head Salary 9 - 20 years exp. (3 salaries)	₹10 L/yr - ₹26 L/yr 12% more
Aavas Financiers State Head Salary 11 - 19 years exp. (42 salaries)	₹8.8 L/yr - ₹23.4 L/yr 14% more	1 job opening
SMFG India Credit State Head Salary 12 - 22 years exp. (22 salaries)	₹11.5 L/yr - ₹28.2 L/yr 36% more
Login to view exact salary
Poonawalla Fincorp State Head Salary 7 - 24 years exp. (25 salaries)	₹6.8 L/yr - ₹21.3 L/yr 2% more
Muthoot Fincorp State Head Salary 12 - 19 years exp. (6 salaries)	₹10.4 L/yr - ₹20.5 L/yr 13% more
Bharat Financial Inclusion State Head Salary 5 - 18 years exp. (9 salaries)	₹10.2 L/yr - ₹26.9 L/yr 32% more
Tata Capital Housing Finance State Head Salary 11 - 21 years exp. (7 salaries)	₹13.5 L/yr - ₹22 L/yr 20% more
IDFC FIRST Bharat State Head Salary 8 - 18 years exp. (7 salaries)	₹9 L/yr - ₹17.3 L/yr 6% less
Mahindra Rural Housing Finance State Head Salary 10 - 22 years exp. (6 salaries)	₹11 L/yr - ₹23 L/yr 43% more
TVS Credit State Head Salary 7 - 21 years exp. (6 salaries)	₹9 L/yr - ₹16.3 L/yr 19% less
IIFL Finance State Head Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹13.5 L/yr 4% less
Manappuram Finance State Head Salary 15 - 20 years exp. (5 salaries)	₹12.9 L/yr - ₹15 L/yr 7% less

View all

State Head salary at Mahindra Finance ranges between ₹13.8 Lakhs to ₹15.5 Lakhs per year for employees with experience between 14 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance State Head salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹14 L/yr
Login to view exact salary
15+ years (3 salaries)	₹14 L/yr - ₹15.5 L/yr

Similar Designation salaries in Mahindra Finance

Team Lead Salary

(36 salaries)

₹2.2 L/yr - ₹5.5 L/yr

Sales Manager Salary

(107 salaries)

₹2.1 L/yr - ₹8.2 L/yr

Sales Officer Salary

(56 salaries)

₹1.1 L/yr - ₹4.56 L/yr

Sales Executive Salary

(230 salaries)

₹1.1 L/yr - ₹4.8 L/yr

Branch Manager Salary

(160 salaries)

₹1.85 L/yr - ₹9.1 L/yr

Area Manager Salary

(97 salaries)

₹2.5 L/yr - ₹12.5 L/yr

Cluster Manager Salary

(31 salaries)

₹6.5 L/yr - ₹16 L/yr

Deputy Manager Salary

(292 salaries)

₹4 L/yr - ₹12 L/yr

Business Manager Salary

(24 salaries)

₹2.25 L/yr - ₹5.72 L/yr

Regional Manager Salary

(31 salaries)

₹7.33 L/yr - ₹30 L/yr

Top skills at Mahindra Finance for State Head

Sales Management Team Handling Relationship Management Team Handling Wealth Management Mutual Funds liabilities Technical Writing private banking Fixed Deposits Sales Management hni HNI Client Handling Mutual Funds HNI Sales

Salary related reviews for Mahindra Finance

3.7

Rated by 3 employees for salary & benefits

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.

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

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.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Area Business Manager in Lucknow

Full Time

Sales & Business Development Department

3.0

• posted on 27 Jan 2024

4.0

for Salary and Benefits

Likes

Job security Not much of work load Salary and incentives are good

Salary - Good

+1 more

Dislikes

Lots of work pressure Unrealistic targets and undue pressure to achieve Partiality to get growth Partiality from top management for growth in position Uneducated and incapable top management are placed and they put undue pressure to down the line staff Top management puts entire workload on Staff even daily reports are to be prepared by someone in team

Skill development - Poor

+3 more

Area Business Manager in Pondicherry / Puducherry

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

The company is good company where you can learn about business and collection. Employees are friendly and you will get good salary and hike. Only problem is work life balance which you can't handle well when you work in MMFSL

Salary - Excellent

+5 more

Dislikes

Work life balance

Work-life balance - Poor

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about Mahindra Finance?

Ask anonymously on communities.

Mahindra Finance State Head Salary FAQs

What is the salary of State Head at Mahindra Finance?

State Head salary at Mahindra Finance in India ranges between ₹13.8 Lakhs to ₹15.5 Lakhs for experience between 14 years to 17 years. According to our estimates it is 12% less than the average State Head Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a State Head at Mahindra Finance is 12% less than the average salary of a State Head in India. To know exact salary insights, login to view.

What are the top skills required to work as a State Head at Mahindra Finance?

Sales Management, Team Handling, Relationship Management, Team Handling and Wealth Management are some of the popular skills required to work as a State Head at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a State Head in India?

CreditAccess Grameen State Head Salary - ₹19.5 Lakhs to ₹31.0 Lakhs per year
Cholamandalam Investment & Finance State Head Salary - ₹13.0 Lakhs to ₹25.0 Lakhs per year
Mahindra Rural Housing Finance State Head Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
PNB Housing Finance State Head Salary - ₹16.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance State Head Salary - ₹16.6 Lakhs to ₹23.5 Lakhs per year

What is the salary of a State Head in companies similar to Mahindra Finance in India?

Shriram Finance State Head Salary - ₹13.0 Lakhs to ₹22.2 Lakhs per year
SMFG India Credit State Head Salary - ₹11.5 Lakhs to ₹28.2 Lakhs per year
Bharat Financial Inclusion State Head Salary - ₹10.2 Lakhs to ₹26.9 Lakhs per year
HDFC Bank State Head Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
L&T Finance State Head Salary - ₹8.5 Lakhs to ₹25.0 Lakhs per year

What is the estimated take home salary of a State Head at Mahindra Finance in India?

The estimated take-home salary of a State Head at Mahindra Finance ranges between ₹97,662 per month to ₹1,00,308 per month in India. The take-home salary calculation is based on the average Mahindra Finance State Head salary in India which ranges between ₹13.8 Lakhs to ₹15.5 Lakhs per year for employees with experience between 14 years to 17 years. Check how did we calculate take home salary?

What is the notice period for State Head at Mahindra Finance?

According to AmbitionBox, 86% of the Mahindra Finance State Heads reported a notice period of 3 Months, 14% reported a notice period of 1 Month.This is based on 7 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance State Head Salaries by Location

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance State Head Salaries

Mahindra Finance State Head salary in India ranges between ₹13.8 Lakhs to ₹15.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.