Modicon
Modicon Private Limited is a Mumbai-based industrial precious-metals company (founded 1965) that refines, manufactures, and recycles silver, platinum, and palladium products for the electrical switchgear, pharmaceutical, jewelry, and metal-joining industries through a direct B2B sales model.
- Company typePrivate
- Founded1965
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Modicon does
Modicon Private Limited is an Indian industrial precious-metals company founded in 1965 and headquartered in Mumbai, specializing in the refining, processing, recovery, and recycling of silver, platinum, and palladium. The company operates five product lines: pure silver products (999 and 9999 purity, including bars, grains, coins, powders, plates, strips, and foils), electrical contact materials for the switchgear industry (Fine Silver, AgSnO2, AgCdO, AgNi, AgW, AgC, and related compositions), silver brazing alloys and fluxes (5% to 92% silver), precious metal salts, compounds, and catalysts (Pt and Pd carbon catalysts for pharmaceutical API synthesis and petrochemical applications), and KT ALLOYS master alloys for the jewelry industry. Its underlying manufacturing technology spans powder metallurgy, internal oxidation, co-precipitation, atomization, cementation, and chemical reduction, with specialty capabilities such as large-grain AgCdO (50-60 microns) and high-performance AgC (sub-5 micron silver islands). A state-of-the-art production facility was established at Navi Mumbai in 2010.
The company serves four primary end-markets — electrical switchgear manufacturers (contactors, relays, MCBs, MCCBs), pharmaceutical and petrochemical processors (catalysts), jewelry manufacturers (master alloys), and metal-joining/fabrication operations — through a direct B2B sales motion with dedicated email contacts per product category and a quotation-based pricing model. It also offers recovery, refining, and recycling services that maintain individual customer accounts for precious-metal management. There are no disclosed channel partners, distributors, or third-party resellers. Revenue is generated through hardware sales of precious-metal products and professional services for metal recovery, with no disclosed pricing, unit volumes, or financial performance.
Modicon is privately held with no disclosed institutional investors, funding history, or capital structure. It holds ISO 9001-2015, ISO 14001-2015, and ISO 45001-2018 certifications, an RBI-recognized Silver Assaying Laboratory, and an R&D facility recognized by India's Ministry of Science and Technology. The company was formerly named Modison Private Limited and historically claims to have been the largest exporter of silver to renowned bankers and dealers in Europe and the USA.
Modicon firmographics
Firmographics- Name
- Modicon
- Legal name
- Modicon Private Limited
- Website
- https://modicon.net.in
- Company type
- Private
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Modicon Private Limited is a Mumbai-based industrial precious-metals company (founded 1965) that refines, manufactures, and recycles silver, platinum, and palladium products for the electrical switchgear, pharmaceutical, jewelry, and metal-joining industries through a direct B2B sales model.
- Ownership category
- akta.pro rank
Modicon industry classification
Industry- Product category
- Precious Metals Manufacturing
- NAICS
- Jewelry and Silverware Manufacturing (33991), Powder Metallurgy Part Manufacturing (332117)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Precious Metals Minting & Bullion Products (IMAKAEAJ)
- akta.pro secondary industries
- Electroplating & Metallization Chemicals (Cu/Ni/Au plating, additives) (IMAEAKAK), Catalytic Converter Recycling & Precious Metals Recovery (PGM) (EUAIAJAG)
Keywords
Where Modicon is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Modicon business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Precious Metal Products Sales: Sale of refined precious metals including silver bars, grains, medallions, coins, powders, plates, strips, and foils. Revenue is generated through direct B2B sales to industrial customers.
- Electrical Contact Materials and Components: Manufacturing and sale of electrical contact materials including Fine Silver, AgSnO2, AgCdO, AgNi, and finished contact parts such as tips, rivets, profiles, buttons for switchgear industry
- Brazing Alloys and Flux: Full range of Silver Brazing Alloys with silver content from 5% to 92%, produced as per ISI or customer specifications in wires, rods, strips, foils, shims, and preforms
- Master Alloys for Jewellery Industry: Manufacturing and sale of MODICON 'KT ALLOYS' for jewellery casting alloys producing various colours for different karat applications
- Precious Metal Salts, Compounds and Catalysts: Pt & Pd Carbon Catalysts for pharmaceutical API synthesis, various platinum and palladium salts and compounds for industrial applications
- Recovery, Refining & Recycling Services: Professional services for recycling, processing and recovery of precious metals like Silver, Platinum, Palladium from product residues and spent materials. Environmentally safe recycling process with state-of-the-art evaluation methods
- Precious Metal Management Services: Extensive services for recovery and refining of precious metals from scrap, spent catalyst, and jewellery industry waste. Maintains individual customer accounts for precious metal management
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Modicon product offering
Product offeringCore offering
Modicon manufactures refined precious metals and engineered precious metal products, including pure silver products (bars, grains, medallions, coins, powders, plates, strips, foils), electrical contact materials, silver brazing alloys and flux, precious metal salts and compounds, Pt/Pd catalysts, and master alloys for the jewellery industry. The company also provides recovery, refining, and recycling services for silver, platinum, and palladium from industrial scrap and spent materials.
Differentiator
Problem solved
Functional benefit
Brands
- KT ALLOYS: Master Alloy brand designed for various casting alloys to produce bright colours for the Jewelry Industry.
Products and services
- Pure Silver Products Refined silver products including silver bars, grains, medallions, coins, powders, plates, strips, and foils at 999/9999 purity, made using state-of-the-art melting facilities. Sold to industrial customers and formerly exported as Good Delivery Bullion Bars to banks and dealers in Europe and the USA.
- Electrical Contacts and Contact Materials Full range of electrical contact materials including Fine Silver, AgSnO2, AgFe2O3, AgZnO, AgC, AgNi, AgCdO, AgW, AgWC, produced through Powder Metallurgy (Co-Precipitation) and Internal Oxidation processes. Finished contact parts such as tips, rivets, profiles, and buttons are supplied to the switchgear industry for low-voltage applications including MCB, MCCB, and ACB.
- Brazing Alloy and Flux Full range of silver brazing alloys with silver content from 5% to 92%, produced as per ISI or customer specifications in wires, rods, strips, foils, shims, and preforms. Flux products are supplied for metal joining operations. Used in metal fabrication and metal joining industries.
- Precious Metal Salts, Compounds and Catalysts Pt and Pd Carbon Catalysts for pharmaceutical API synthesis, formulated for high catalytic activity and selectivity with lower active metal loading, good filterability, and long life. Various platinum and palladium salts and compounds are also produced for industrial applications.
- Master Alloys (KT ALLOYS) MODICON 'KT ALLOYS' master alloys for the jewellery industry, producing various casting alloys for different karat applications designed to yield bright colours per specification chart.
- Recovery, Refining and Recycling Services Professional services for recycling, processing, and recovery of precious metals including silver, platinum, and palladium from product residues and spent materials. Environmentally safe recycling processes with state-of-the-art evaluation methods, serving industrial and jewellery customers.
- Precious Metal Management Services Extensive services for recovery and refining of precious metals from scrap, spent catalyst, and jewellery industry waste, with individual customer accounts maintained for precious metal management.
Companies that use Modicon
Customer profileSegments5 records
Ideal customer profiles6 records
Modicon technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Modicon partnerships and signals
Strategic signalScale indicators4 records
Recent moves9 records
Expansion highlights4 records
Modicon competitors and assessment
Company assessmentDirect peers
- C. Hafner: German precious metals company specializing in precious metals refining, semi-finished products, and recycling — comparable to Modicon's bullion, refining, and recycled precious metals offerings.
- Tanaka Precious Metals: Japanese precious metals manufacturer offering refined precious metals, electrical contact materials, brazing alloys, and catalysts — a direct competitor across essentially all of Modicon's product lines.
- Metalor Technologies: Swiss precious metals refiner and manufacturer of precious metal products for industrial, jewellery, and financial applications, with overlapping capabilities in silver refining, bullion, and industrial silver products.
- Umicore: Belgian materials technology and recycling company with deep precious metals refining, PGM catalyst, and recycling operations — directly comparable to Modicon's silver refining, PGM catalysts, and precious metal recovery services.
- Heraeus: German-headquartered global precious metals and technology group with operations spanning precious metals trading, refining, electrical contact materials, brazing alloys, and catalysts across all of Modicon's core verticals.
- Mitsubishi Materials (Precious Metals): Japanese non-ferrous metals major with a precious metals division producing electrical contacts, brazing materials, and catalysts — overlapping Modicon's contact materials and brazing alloy businesses.
- Johnson Matthey: UK-based precious metals and catalyst manufacturer with strong positions in PGM catalysts for pharmaceutical and petrochemical applications, plus historical electrical contact materials exposure — closely comparable to Modicon's catalyst and contact materials businesses.
Regional players
- Augmont Industries: India-based precious metals refiner and bullion products manufacturer (gold and silver) serving Indian markets — a regional Indian peer comparable to Modicon's silver refining and bullion operations.
Emerging players
- Aida Chemical Industries: Japanese manufacturer of precious metal compounds, salts, and catalysts closely overlapping Modicon's Pt/Pd catalyst and precious metal salt offerings for pharmaceutical and industrial customers.
- DODUCO (Dowi Holdings): Specialist manufacturer of electrical contact materials and precious metal semi-finished products — narrower portfolio than Modicon but directly competitive in AgCdO, AgSnO2, and silver contact materials.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Modicon social profiles
Digital presenceModicon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Modicon leadership team
Management profileNumber of profiles
Modicon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Modicon M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Modicon
What does Modicon do?
Modicon manufactures refined precious metals and engineered precious metal products, including pure silver products (bars, grains, medallions, coins, powders, plates, strips, foils), electrical contact materials, silver brazing alloys and flux, precious metal salts and compounds, Pt/Pd catalysts, and master alloys for the jewellery industry. The company also provides recovery, refining, and recycling services for silver, platinum, and palladium from industrial scrap and spent materials.
Is Modicon a public or private company?
Modicon is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Modicon founded?
Modicon was founded in 1965. It employs 11 to 50 people.
Where is Modicon based?
Modicon is headquartered in Mumbai, India, in the Asia region.
How does Modicon make money?
Seven revenue lines are on record. Precious Metal Products Sales are the primary driver. The others are electrical Contact Materials and Components, brazing Alloys and Flux, master Alloys for Jewellery Industry, precious Metal Salts, Compounds and Catalysts, recovery, Refining & Recycling Services and precious Metal Management Services.
Who are Modicon's main competitors?
Direct peers on record are C. Hafner, Tanaka Precious Metals, Metalor Technologies, Umicore, Heraeus, Mitsubishi Materials (Precious Metals) and Johnson Matthey. Augmont Industries is listed as a regional player. Emerging players are Aida Chemical Industries and DODUCO (Dowi Holdings).
Does Modicon have an API?
No public API is recorded for Modicon.
What industry is Modicon in?
Modicon's product category is Precious Metals Manufacturing. Its primary akta.pro industry code is IMAKAEAJ, Precious Metals Minting & Bullion Products, with a secondary code of IMAEAKAK, Electroplating & Metallization Chemicals (Cu/Ni/Au plating, additives). Its NAICS code is 33991 and its SIC code is 3330.