Salary Guide · India 2026
Mahindra Group is India's second-largest conglomerate by market cap, spanning automotive (M&M), farm equipment (Mahindra Tractors), IT (Tech Mahindra), real estate (Mahindra Lifespaces), and financial services (Mahindra Finance). Salary ranges below are sourced primarily from AmbitionBox, with Glassdoor as a secondary cross-check, and reflect total CTC (base + variable + equity) at the 25th–90th percentile of reported offers in India.
Software Engineer · Senior / 6–9 yrs
₹24L – ₹38Ltotal CTC
Salary bands for 14 roles at Mahindra Group, from Software Engineer to Sales / Account Executive — see all below.
Working at Mahindra Group
~300,000 employees across group. NSE/BSE-listed (M&M). Revenue ~₹1.4 lakh Cr FY24. Mumbai HQ. Tech Mahindra is a separate listed entity.
What the interview actually tests
M&M RSU (NSE: M&M) is available for senior roles. Mechanical engineer GET starts at ₹7–11L. SWE roles in automotive embedded or digital pay mid (₹14–22L). Note: Tech Mahindra is a completely separate listed company: Mahindra Group is the automotive/farm/conglomerate entity. Interview for automotive: embedded C++, CAN, ADAS algorithms. For corporate: business case and STAR-format.
Role
Mahindra Group's pay bands for Software Engineers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹2.4L – ₹4.3L | None |
| Mid-level / 3–5 yrs | ₹14L – ₹22L | None |
| Senior / 6–9 yrs | ₹24L – ₹38L | None |
Negotiation focus: Fixed salary + role scope + variable payout + benefits + notice buyout clarity. HR posture: "This is above our current band; we may have limited flexibility on fixed salary."
Role
Total CTC ranges for Mechanical Engineers at Mahindra Group India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹7L – ₹11L | None |
| Mid-level / 3–5 yrs | ₹15L – ₹26L | None |
| Senior / 6–9 yrs | ₹28L – ₹48L | None |
Role
Total CTC ranges for Engineering Managers at Mahindra Group India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹20.5L – ₹22.7L | None |
AB yoe-bucket scrape: Lead Engineer 12+y (n=365); n=365
Role
Mahindra Group's pay bands for Program Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹19.6L – ₹22.3L | None |
AB yoe-bucket scrape: Program Manager 12+y (n=60); n=60
Role
What Project Managers actually earn at Mahindra Group in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹18.7L – ₹21.5L | None |
AB yoe-bucket scrape: Project Manager 12+y (n=81); n=81
Role
Total CTC ranges for QA Engineers at Mahindra Group India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Mid-level / 3–5 yrs | ₹4.1L – ₹5.3L | None |
AB yoe-bucket scrape: Test Engineer 1-3y (n=61); Test Engineer 3-6y (n=104); n=165
Role
What Business Analysts actually earn at Mahindra Group in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹3L – ₹13L | None |
| Mid-level / 3–5 yrs | ₹8L – ₹22L | None |
| Senior / 6–9 yrs | ₹14L – ₹39L | None |
| Lead / 10–12 yrs | ₹22L – ₹59L | None |
| Manager / 12+ yrs | ₹31L – ₹84L | None |
Role
Total CTC ranges for DevOps / SREs at Mahindra Group India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹7L – ₹13.3L | None |
| Mid-level / 3–5 yrs | ₹12.6L – ₹23.8L | None |
| Senior / 6–9 yrs | ₹24.5L – ₹45.5L | None |
Negotiation focus: Fixed salary + role scope + variable payout + benefits + notice buyout clarity. HR posture: "This is above our current band; we may have limited flexibility on fixed salary."
Role
Mahindra Group's pay bands for Finance Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹3L – ₹13L | None |
| Mid-level / 3–5 yrs | ₹8L – ₹25L | None |
| Senior / 6–9 yrs | ₹15L – ₹46L | None |
| Lead / 10–12 yrs | ₹25L – ₹70L | None |
| Manager / 12+ yrs | ₹39L – ₹105L | None |
Role
What HR Managers actually earn at Mahindra Group in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹7L – ₹13.3L | None |
| Senior / 6–9 yrs | ₹12.6L – ₹23.8L | None |
| Manager / 12+ yrs | ₹31.5L – ₹57.8L | None |
Negotiation focus: Fixed salary + role scope + variable payout + benefits + notice buyout clarity. HR posture: "This is above our current band; we may have limited flexibility on fixed salary."
Role
Total CTC ranges for Marketing Managers at Mahindra Group India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹7L – ₹25L | None |
| Mid-level / 3–5 yrs | ₹15L – ₹39L | None |
| Senior / 6–9 yrs | ₹25L – ₹59L | None |
| Manager / 12+ yrs | ₹35L – ₹91L | None |
Role
Mahindra Group's pay bands for Operations Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6L – ₹14L | None |
| Mid-level / 3–5 yrs | ₹10L – ₹28L | None |
| Senior / 6–9 yrs | ₹18L – ₹53L | None |
| Lead / 10–12 yrs | ₹28L – ₹77L | None |
| Manager / 12+ yrs | ₹39L – ₹112L | None |
Role
What Product Managers actually earn at Mahindra Group in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹9.8L – ₹16.1L | None |
| Mid-level / 3–5 yrs | ₹17.5L – ₹33.2L | None |
| Senior / 6–9 yrs | ₹31.5L – ₹61.2L | None |
Negotiation focus: Fixed salary + role scope + variable payout + benefits + notice buyout clarity. HR posture: "This is above our current band; we may have limited flexibility on fixed salary."
Role
What Sales / Account Executives actually earn at Mahindra Group in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹3L – ₹13L | None |
| Mid-level / 3–5 yrs | ₹10L – ₹28L | None |
| Senior / 6–9 yrs | ₹18L – ₹56L | None |
| Lead / 10–12 yrs | ₹31L – ₹98L | None |
| Manager / 12+ yrs | ₹49L – ₹154L | None |
Consumer & Conglomerates