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Newgen Software Technologies Business Analyst salaries in Mumbai (Updated 2025)

Annual salary range
1 - 6 years exp.
₹6 Lakhs - ₹11.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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12% less than the average Business Analyst Salary in IT Services & Consulting Companies for 1 - 6 years of experience

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Salaries in different departments

Data Science & Analytics
Business Analyst Salary
1 - 6 years exp. (16 salaries)
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₹8 L/yr - ₹11.8 L/yr

BFSI, Investments & Trading
Business Analyst Salary
2 - 3 years exp. (4 salaries)
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₹6 L/yr - ₹11.1 L/yr

IT & Information Security
Business Analyst Salary
1 - 3 years exp. (4 salaries)
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₹7 L/yr - ₹9.5 L/yr

Project & Program Management
Business Analyst Salary
1 - 4 years exp. (4 salaries)
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₹8.5 L/yr - ₹10.6 L/yr

Product Management
Business Analyst Salary
4 - 5 years exp. (3 salaries)
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₹8.5 L/yr - ₹11.4 L/yr

Last Updated: 16 Mar 2025

Companies similar to Newgen Software Technologies for Business Analyst in Mumbai

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Newgen Software Technologies Business Analyst Salary

1 - 6 years exp. (37 salaries)

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₹6 L/yr - ₹11.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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NeoSOFT Business Analyst Salary

1 - 8 years exp. (64 salaries)

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₹4 L/yr - ₹15.9 L/yr

At par
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3i Infotech Business Analyst Salary

1 - 8 years exp. (45 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 30% less
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Clover Infotech Business Analyst Salary

2 - 11 years exp. (33 salaries)

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₹3.5 L/yr - ₹13 L/yr

arrow icon 12% less
2 job openings
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Mastek Business Analyst Salary

1 - 11 years exp. (18 salaries)

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₹4.4 L/yr - ₹15 L/yr

arrow icon 10% more
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Ugam Solution Business Analyst Salary

1 - 6 years exp. (8 salaries)

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₹3 L/yr - ₹7.2 L/yr

arrow icon 40% less
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Kellton Business Analyst Salary

1 - 4 years exp. (4 salaries)

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₹5.5 L/yr - ₹10 L/yr

arrow icon 11% less
1 job opening
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Polaris Consulting Business Analyst Salary

1 - 6 years exp. (4 salaries)

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₹4 L/yr - ₹13.8 L/yr

arrow icon 1% more
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KGISL Business Analyst Salary

3 - 7 years exp. (4 salaries)

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₹6.7 L/yr - ₹9 L/yr

arrow icon 23% less
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Lumina Datamatics Business Analyst Salary

1 - 3 years exp. (3 salaries)

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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 49% less
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Wipro Digital Business Analyst Salary

1 - 4 years exp. (3 salaries)

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₹5.2 L/yr - ₹12.9 L/yr

arrow icon 2% less
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Bahwan CyberTek Business Analyst Salary

6 - 7 years exp. (3 salaries)

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₹7.7 L/yr - ₹13.4 L/yr

arrow icon 15% more
2 job openings
Business Analyst salary at Newgen Software Technologies ranges between ₹6 Lakhs to ₹11.8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 37 latest salaries received from various employees of Newgen Software Technologies.

Latest annual salaries shared by Newgen Software Technologies Business Analyst in Mumbai

2w ago
₹11 Lakhs
3 years exp.
1mo ago
₹10.6 Lakhs
4 years exp.
1mo ago
₹9.5 Lakhs
3 years exp.
2mo ago
₹8.5 Lakhs
3 years exp.
2mo ago
₹8.5 Lakhs
5 years exp.
3mo ago
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2 years exp.
3mo ago
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3 years exp.
4mo ago
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3 years exp.
6mo ago
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2 years exp.
6mo ago
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3 years exp.

Experience wise Newgen Software Technologies Business Analyst salaries in Mumbai

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
1 year  (4 salaries)

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₹2.9 L/yr - ₹8.8 L/yr
2 years  (8 salaries)

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₹7 L/yr - ₹11.8 L/yr
3 years  (14 salaries)

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₹6 L/yr - ₹11.8 L/yr
4 years  (6 salaries)

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₹8.5 L/yr - ₹11.5 L/yr
5 years  (4 salaries)

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₹8.5 L/yr - ₹10.6 L/yr
View all
Newgen Software Technologies Business Analyst Salary and Career Growth

From

To

Business Analyst

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1 - 6 years exp.

Lead Business Analyst

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5 - 11 years exp.

Business Analyst 1 - 6 years exp.
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Senior Business Analyst 3 - 10 years exp.
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arrow icon 44% hike
    Lead Business Analyst 5 - 11 years exp.
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    arrow icon 35% hike

    From

    To

    Business Analyst

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    1 - 6 years exp.

    Product Owner

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    3 - 7 years exp.

    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Newgen Software Technologies

    Team Lead Salary
    (54 salaries)
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    ₹5.55 L/yr - ₹18.9 L/yr
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    ₹7.5 L/yr - ₹18 L/yr
    Project Manager Salary
    (12 salaries)
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    ₹15 L/yr - ₹34 L/yr

    Top skills at Newgen Software Technologies for Business Analyst

    Business Analysis Requirement Gathering CRM Business Analytics Change Management ERP bfsi Brd Lending FRD MS Office Requirement Gathering Trade Finance UAT Analytical Ability

    Salary related reviews for Newgen Software Technologies

    3.5

    Rated by 4 employees for salary & benefits

    Data Science & Analytics Department

    3.0
      •  posted on 27 Mar 2018

    4.0
     for  Salary and Benefits

    Likes

    Salary and appraisal % are relatively above industry standards. Job security . Learning wise ok for BA who are new and want to aspire career in BFSI domain

    read more
    • Salary - Good
    • +1 more

    Dislikes

    Work life balance is poor. Do what client says policy. Lacks in innovation , quick improvements and adaptation as per competition or industry demands

    read more
    • Company culture - Poor
    • +1 more

    Data Science & Analytics Department

    2.0
      •  posted on 06 May 2018

    3.0
     for  Salary and Benefits

    Likes

    Just the initial pay scale offered is as per industry standards else nothing to mention.

    read more

    Dislikes

    Unprofessional work culture, hoax HR department which only listens to the senior management, no work life balance at all, weekends working, no comp. Off, typical LALA company where money comes first and employee is treated as a servant.

    read more
    • Skill development - Poor
    • +3 more

    Full Time

     · 

    Data Science & Analytics Department

    3.0
      •  posted on 13 Nov 2024

    5.0
     for  Salary and Benefits

    Likes

    salary comes on time, including the variable part

    • Salary - Excellent
    • +2 more

    Dislikes

    I think apart from salary and variable pay everything is bad. They will ask a functional person to work on testing role. Put you any project they would feel like regardless of your skill set. The culture is also bad many senior mangers are in the company for ages.. People are there in the company for so long and they do whatever they want to do.

    read more
    • Skill development - Poor
    • +2 more

    Full Time

     · 

    Engineering - Software & QA Department

    3.0
      •  posted on 13 Nov 2024

    3.0
     for  Salary and Benefits

    Likes

    They give good appraisal/hike if you have worked dedicatedly for the project. I got an average hike of around 48%in first year and 35%in second year. They give opportunities to travel onsite, and work individually on different modules.

    read more
    • Job security - Good
    • +1 more

    Dislikes

    ...pan of 3 years and work solely. But my mental health has been compromised a lot. Realised this very late that I'm working too much at a very low pay.

    read more
    • Skill development - Poor
    • +3 more

    Full Time

     · 

    Engineering - Software & QA Department

    5.0
      •  posted on 22 Jun 2024

    4.0
     for  Salary and Benefits

    Likes

    each employee is counted,valued and treated with respect. One of the best places to work with an amazing culture

    • Salary - Good
    • +6 more

    Dislikes

    Pay package are not competitive,and the majority of business don't even make an effort to keep workers after they quit.

    read more
    see more salary related reviews

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    Newgen Software Technologies Business Analyst Salary FAQs

    What is the salary of Business Analyst at Newgen Software Technologies in Mumbai?
    The average salary of a Business Analyst at Newgen Software Technologies in Mumbai typically ranges from ₹6.0 Lakhs to ₹11.8 Lakhs per year, depending on experience (from 1 year to 6 years).

    The top 10% of Business Analyst in Mumbai at Newgen Software Technologies earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.8 Lakhs per year. Business Analyst Salaries at Newgen Software Technologies 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 30+ Newgen Software Technologies employees in India.
    What is the estimated take home salary of a Business Analyst at Newgen Software Technologies in Mumbai?
    The estimated take-home salary of a Business Analyst at Newgen Software Technologies in Mumbai typically ranges from ₹67,312 to ₹69,036 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹11.8 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 30+ salaries received from various employees of Newgen Software Technologies. Check how we calculate in-hand salary with our in-hand salary calculator.
    What are the key skills required to be a Business Analyst at Newgen Software Technologies in Mumbai?
    To be a Business Analyst at Newgen Software Technologies in Mumbai, the key skills required include:

    • - Business Analysis
    • - Requirement Gathering
    • - CRM
    • - Business Analytics
    • - Change Management

    These skills are highly valued at Newgen Software Technologies and are crucial for successful performance in a Software Engineering role.
    Which companies offer higher salaries than Newgen Software Technologies for Business Analyst in India?
    Bahwan CyberTek ₹7.7 Lakhs to ₹13.4 Lakhs per year
    Mastek ₹4.4 Lakhs to ₹15.0 Lakhs per year
    Polaris Consulting ₹4.0 Lakhs to ₹13.8 Lakhs per year
    NeoSOFT ₹4.0 Lakhs to ₹15.9 Lakhs per year

    These companies are known for offering competitive compensation packages that can exceed the salary offered by Newgen Software Technologies, depending on the role and experience level.
    What is the salary of a Business Analyst in companies similar to Newgen Software Technologies in Mumbai?
    The salary of a Business Analyst at companies similar to Newgen Software Technologies in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Wipro Digital ₹5.2 Lakhs to ₹12.9 Lakhs per year
    Kellton ₹5.5 Lakhs to ₹10.0 Lakhs per year
    Clover Infotech ₹3.5 Lakhs to ₹13.0 Lakhs per year
    KGISL ₹6.7 Lakhs to ₹9.0 Lakhs per year
    3i Infotech ₹3.0 Lakhs to ₹10.0 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 Business Analyst at Newgen Software Technologies in Mumbai?
    The salary growth for a Business Analyst at Newgen Software Technologies in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Analyst in Mumbai can expect the following growth trajectory at Newgen Software Technologies:

    Experience Average Salary Range
    1 year ₹2.9 Lakhs to ₹8.8 Lakhs per year
    2 years ₹7.0 Lakhs to ₹11.8 Lakhs per year
    3 years ₹6.0 Lakhs to ₹11.8 Lakhs per year
    4 years ₹8.5 Lakhs to ₹11.5 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Newgen Software Technologies Business Analyst salary in Mumbai ranges between ₹6 Lakhs to ₹11.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 37 Newgen Software Technologies latest salaries received from various employees of Newgen Software Technologies.