diff --git a/QEfficient/base/onnx_transforms.py b/QEfficient/base/onnx_transforms.py
index 61b5c00f6..ecab8ad57 100644
--- a/QEfficient/base/onnx_transforms.py
+++ b/QEfficient/base/onnx_transforms.py
@@ -5,11 +5,17 @@
 #
 # ----------------------------------------------------------------------------
 
+import gc
+import logging
 from typing import Optional, Tuple
 
 import numpy as np
 from onnx import ModelProto, external_data_helper, numpy_helper
 
+from QEfficient.utils.constants import ONNX_TRANSFROM_MEMORY_CLEANUP_INTERVAL
+
+logger = logging.getLogger(__name__)
+
 
 class OnnxTransform:
     """
@@ -31,6 +37,27 @@ def apply(cls, model: ModelProto, **kwargs) -> Tuple[ModelProto, bool]:
         """
         raise NotImplementedError("Use subclasses for ONNX transform")
 
+    @classmethod
+    def _check_external_data_loaded(cls, model: ModelProto) -> bool:
+        """
+        Check if external data is already loaded in the model.
+
+        :param model: The ONNX model to check
+        :returns: True if external data is already loaded, False otherwise
+        """
+        for tensor in external_data_helper._get_all_tensors(model):
+            # Check if tensor has external data but no raw data loaded
+            if len(tensor.external_data) > 0 and not tensor.HasField("raw_data"):
+                return False
+        return True
+
+    @classmethod
+    def _cleanup_memory(cls):
+        """
+        Force garbage collection to free up memory after tensor processing.
+        """
+        gc.collect()
+
 
 class FP16ClipTransform(OnnxTransform):
     """
@@ -47,6 +74,7 @@ def apply(cls, model: ModelProto, *, onnx_base_dir: Optional[str] = None, **kwar
         fp16_min = finfo.min
         transformed = False
 
+        processed_count = 0
         for tensor in external_data_helper._get_all_tensors(model):
             nptensor = numpy_helper.to_array(tensor, onnx_base_dir)
             if nptensor.dtype == np.float32 and (np.any(nptensor > fp16_max) or np.any(nptensor < fp16_min)):
@@ -61,6 +89,15 @@ def apply(cls, model: ModelProto, *, onnx_base_dir: Optional[str] = None, **kwar
                 tensor.CopyFrom(new_tensor)
                 transformed = True
 
+                del neg_inf_mask, clipped_tensor, new_tensor
+
+            del nptensor
+            processed_count += 1
+
+            if processed_count % ONNX_TRANSFROM_MEMORY_CLEANUP_INTERVAL == 0:
+                cls._cleanup_memory()
+
+        cls._cleanup_memory()
         return model, transformed
 
 
@@ -89,7 +126,16 @@ def apply(
         file_num = 0
         current_file_size = 0
         transformed = False
-        external_data_helper.load_external_data_for_model(model, onnx_base_dir)
+
+        # Check if external data is already loaded to avoid redundant loading
+        external_data_already_loaded = cls._check_external_data_loaded(model)
+
+        if not external_data_already_loaded:
+            external_data_helper.load_external_data_for_model(model, onnx_base_dir)
+        else:
+            logger.info("External data already loaded, skipping redundant load operation")
+
+        processed_count = 0
         for tensor in external_data_helper._get_all_tensors(model):
             if tensor.HasField("raw_data") and ((tsize := len(tensor.raw_data)) > size_threshold):
                 transformed = True
@@ -98,4 +144,11 @@ def apply(
                     file_num += 1
                     current_file_size = tsize
                 external_data_helper.set_external_data(tensor, f"{model_name}_{file_num}.onnx.data")
+
+            processed_count += 1
+            if processed_count % ONNX_TRANSFROM_MEMORY_CLEANUP_INTERVAL == 0:
+                cls._cleanup_memory()
+
+        cls._cleanup_memory()
+
         return model, transformed
diff --git a/QEfficient/utils/constants.py b/QEfficient/utils/constants.py
index 50f36ea32..44426920a 100644
--- a/QEfficient/utils/constants.py
+++ b/QEfficient/utils/constants.py
@@ -70,6 +70,8 @@ def get_models_dir():
 ONNX_EXPORT_EXAMPLE_MIN_PS = 0.99
 ONNX_EXPORT_OPSET = 13
 
+ONNX_TRANSFROM_MEMORY_CLEANUP_INTERVAL = 100
+
 COMPILER = ["/opt/qti-aic/exec/qaic-exec", "-aic-hw", "-aic-hw-version=2.0"]
 
 # InternVL constants