When was Modulex founded?

Modulex was founded in 2008 and raised its 1st funding round 16 years after it was founded.

Where is Modulex located?

Modulex is headquartered in Pune, India. It is registered at A 82, MIDC Industrial Estate, Indapur , Pune Unclassified MH 413132.

Who is the current CEO of Modulex?

Suchit Punnose of Modulex. They have also founded 3 companies.

How many employees does Modulex have?

As of Sep 30, 2026, the latest employee count at Modulex is 12.

Is Modulex a funded company?

Modulex is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Dec 18, 2024.

When was the latest funding round of Modulex?

Modulex's latest funding was a $***** Post IPO round on Dec 18, 2024, with participation from 0 investor.

What is the annual revenue of Modulex?

Annual revenue of Modulex is less than ₹10 Cr as on Mar 31, 2021

Where does Modulex rank among its competitors?

Modulex ranks 3rd amongst 25 active competitors, none of which are funded.

Who are the top competitors of Modulex?

Modulex's top competitors include Speed 4 Prefab Solutions, Saman Portable Office Solutions and DuPod. Among them, Modulex secured the most recent funding round in December, 2024.

Modulex - 2026 Company Profile, Team, Funding & Competitors

Modulex is a public company based in Pune (India), founded in 2008 by Suchit Punnose. It operates as a Manufacturer of modular steel buildings and volumetric construction solutions. Modulex has raised an undisclosed amount in funding. The company has 25 active competitors, including 1 that has exited. Its top competitors include companies like Speed 4 Prefab Solutions, Saman Portable Office Solutions and DuPod.

Company Details

Manufacturer of modular steel buildings and volumetric construction solutions. The company specializes in factory-built structural modules, including bathroom and kitchen pods, designed for rapid site assembly. These pre-engineered steel units integrate structural framing, mechanical, electrical, and plumbing systems with pre-finished interiors to support scalable construction projects across various sectors. PF = Yes

Website: modulex.in
Social
Email ID: *****@modulexglobal.com
Phone Number: +91 **********
Part Of
Registered Address: A 82, MIDC Industrial Estate, Indapur , Pune Unclassified MH 413132

Key Metrics

Founded Year

2008

Location

Pune, India

Stage

Public

Latest Funding Round

Post IPO, Dec 18, 2024, $*****

Investors

Angel Investment Network & 1 more

Ranked

3^rd among 25 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2021

Employee Count

12 as on Sep 30, 2026

Similar Companies

Speed 4 Prefab Solutions & 20 more

Exit Details

Public

View Modulex's full profile

Modulex is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Modulex Construction Technologieslimited CIN: L45100PN1973PLC182679 , India, Active	May 23, 1973	0 - ₹10 Cr (As on Mar 31, 2021)	-
MODULEX MODULAR BUILDINGS PLC CIN: 7291662 , United Kingdom, Active	Jun 21, 2010	-	1 (As on Jun 30, 2023)
RED RIBBON ASSET MANAGEMENT PLC CIN: 6228303 , United Kingdom, Active	Apr 25, 2007	£1M - £10M (As on Jun 30, 2024)	9 (As on Jun 30, 2023)
RED RIBBON ASSET MANAGEMENT PLC CIN: 6228303 , Germany, Active	Apr 25, 2007	-	9 (As on Jun 30, 2024)

Modulex got listed on Sep 29, 2017.

Click here to take a look at Modulex's IPO in detail

Modulex has raised funding over 1 round. Modulex has 2 institutional investors.

Here is the list of recent funding rounds of Modulex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2024	1374337	Post IPO	3674058	8641302	7097427	8145138

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View details of Modulex's funding rounds and investors

The founders of Modulex is Suchit Punnose. Suchit Punnose is the CEO of Modulex.

Here are the details of Modulex's key team members:

Suchit Punnose: Founder & CEO of Modulex and founder of 2 other companies, Red Ribbon Fund Management and Red Ribbon.
Contact Info: 3 email addresses

Modulex's Board of Directors

Modulex's board has 8 active members. Suchit Punnose, Jayesh Narendra Sheth and Ajay Palekar are part of team and Parag Vinod Mehta, Muckatira Nanaya Devaya, Aditya Vikram Kanoria, Raj Kumar Sharma and Sudha Hemant Prajapati are independent board members.

Here is the list of Modulex's board of directors:

Name	Type	Representing	Status	Duration
Suchit Punnose	Team	-	Current	8y 6m
zkfrpfi	Team	-	Current	1y 5m
fzpfati	Team	-	Current	1y 2m
Parag Vinod Mehta	Independent board member	-	Current	1y 5m
dxxcsoh	Independent board member	-	Current	9y 5m
yqwltic	Independent board member	-	Current	7y 6m
sotoplp	Independent board member	-	Current	8y 9m
hffoekc	Independent board member	-	Current	5y 7m

View details of Modulex's Founder profiles and Board Members

Modulex's employee count trend

Modulex has 12 employees as of Sep 26. Here is Modulex's employee count trend over the years:

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Top competitors of Modulex include Speed 4 Prefab Solutions, Saman Portable Office Solutions and DuPod. Here is the list of Top 10 competitors of Modulex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Speed 4 Prefab Solutions 2008, Mumbai (India), Unfunded	Portable Office, Portable Cabin, Prefabricated Office, Cabin, Prefab Office, Cabin, Porta Office, Cabin Modular Office, Container Offices Manufacturers & Suppliers India	-	-	38/100
2nd	Saman Portable Office Solutions 2014, Bengaluru (India), Unfunded	Provider and manufacturer of modular infrastructure solutions	-	-	36/100
3rd	Modulex 2008, Pune (India), Public	Manufacturer of modular steel buildings and volumetric construction solutions	-	Angel Investment Network, Red Ribbon	30/100
4th	DuPod 2019, Dubai (United Arab Emirates), Unfunded	Manufacturer of modular pods	-	-	28/100
5th	GlamCompare 2021, Edinburgh (United Kingdom), Unfunded	Online platform offering comparison solutions of pod manufacturers	-	-	24/100
6th	Flexetail 2017, Woburn (United States), Funding Raised	Provider of mobile retail space for brands of all size	-	-	23/100
7th	PCE Tamworth (United Kingdom), Unfunded	Provider of hybrid structural and façade construction solutions using DfMA	-	-	22/100
8th	Synergy Thrislington 1987, Chandigarh (India), Unfunded	Manufacturer of prefabricated structures, multi-story commercial buildings, and modular housing	-	-	22/100
9th	Ghost Factory 2025, Austin (United States), Unfunded	Manufacturer of cold-formed steel structural panels and integrated MEP component kits	-	-	19/100
10th	Sapphire Balconies 1992, United Kingdom, Unfunded	Manufacturer of prefabricated balcony systems for mid to high-rise residential buildings	-	-	18/100