Sonal Modi

Board Member

Sonal Modi is an accomplished professional with over 40 years of experience at HDFC Limited, pioneers of the mortgage finance industry in India, having extensive experience and expertise in retail lending in areas of credit underwriting, business development, market expansion and outreach, management of sales channels, cross selling etc. She has handled various responsibilities at HDFC across locations of Ahmedabad, Mumbai and Pune, which include growing the retail funding business, corporate and developer funding, deposit mobilisation, maintaining the quality of the loan portfolio, managing customer service and expectations, overseeing the internal audit function, handling new business initiatives at the corporate level. Additionally, she has led multiple projects at the national level including the companywide System and Process Transformation Project. This project marked HDFC's foray into digitisation of processes and evolved into the large-scale Digital Transformation Project involving initiatives in distribution / sales, customer onboarding and loan underwriting. She has held Board positions at Savoir Trustee Limited, Friends of Women's World Banking (FWWB) and has been a Trustee for HDFC Schools at Gurgaon and Pune. She is currently a Non-Executive Director at Poonawalla Fincorp Limited. She holds a Bachelor's degree in Commerce and Law and a Master's degree in Business Administration from Gujarat University, Ahmedabad.