Mr. Sandeep Modi
Achiever's Success Story
There is nothing impossible to they who will try
Sandeep Modi, a Chartered Accountant & Masters in Commerce, is currently working as Deputy and Interim CFO at Hindustan Zinc (Vedanta Group), and leading Finance & IT function for currently world’s second largest Zinc company and only Zinc Company in the India with market cap of over USD 15 Bn+. Sandeep has enormous exposure to the nonferrous metals, mining, and power sector for around 18 years with wide-ranging experience across business areas such as fund raising, treasury, credit rating, investor relations, business controllership, automation, taxation, business planning & forecasting, FP&A, Risk Management, Management Assurance, System & Process deployment, SOX, Ethics & Governance including 10 years+ in key leadership roles. He has successfully transitioned from Audit and Assurance function to Business CFO having worked at four locations and four different roles since 2018.
In his current role, leading 130+ Finance and IT members team comprising business finance, FP&A, taxation, treasury, credit rating, investor relations, IT, secretarial, financial reporting, audits, shared services, etc. He has a strong partnership with CEO and cross functional leadership team as part of Company’s Executive Committee for delivery of the overall business performance and growth. Sandeep is a Member of Vedanta Renewable Energy Steering Committee & Permanent Invitee of Vedanta Group Finance ManCom.
Sandeep has been instrumental in best delivery of results in FY 22 for Hindustan Zinc since its disinvestment. He successfully led the project for refinancing of Rs. 4K Cr NCDs and short-term loans through long term funding in his earlier role – one of the largest refinancing during Covid times in Power sector. He has immense understanding and experience of deploying global governance codes. He has deep experience in post-acquisition reviews, driving integration and alignment and has closely worked with promoters for specific assignments.
He holds view that the CFOs journey from booking keeping to value creating for the business has been a long and hard one. The CFOs need to partner with the CEO on strategy and jointly set the short, medium, and long-term vision of the company. CFOs today play a very big role in enterprise transformation with focus on digitalization.
Sandeep has been recognised at many forums during his career and awarded as “Star of the business” in 2011, selected as ‘future leader’ in 2014 based on various assessments done by Hewitt; part of elite Top high performer & potential employees in group, Great Manager Award 2020 by Economic Times. Recently, he has been recognised by BW Businessworld magazine as 40 under 40 in finance domain. He is the recipient of Vedanta Group Chairman Award. He has been rank-holder at national level during his academics.