Modulex
Modulex is a London-headquartered, steel-based modular construction company producing factory-finished pods, panels, and volumetric modules for healthcare, retail, education, residential, hospitality, and corporate clients, with manufacturing in Pune, India.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Modulex does
Modulex is a steel-based modular construction company (ConstrucTech) that designs and factory-finishes building components for off-site assembly. The company produces pods (bathroom, kitchen, retail), internal and facade panels, integrated kits, and full volumetric modules using Light Gauge Steel Frame (LGSF) construction, BIM-led design, and IoT-enabled smart building features bundled under its "Modular Buildings 2.0" framework. End-markets explicitly targeted include healthcare, retail/QSR, education, residential, hospitality, and corporate offices.
Modulex is headquartered in London, with its principal manufacturing asset — a 40+ acre integrated facility at Indapur, Pune, India — and an additional office in Mauritius supporting emerging-market projects. The business was incubated by Red Ribbon Asset Management Plc (UK) following a 2018 relaunch, and trades publicly on BSE (bom:504273). Revenue mechanics are project-based with custom pricing per build specification rather than subscription or recurring SaaS.
Despite the installed manufacturing footprint, the company reported zero sales in Q3 2024-25 and Q3 2025-26, with a quarterly net loss of Rs 4.40 crore for the period ended December 2025 (widened from Rs 2.03 crore in the prior comparable quarter). Headcount is small (11–50 employees), and no enterprise customers or reference deployments are publicly disclosed. The company held its 53rd Annual General Meeting on July 23, 2026, reappointing Group MD James Withey, India MD Ajay Palekar, Chairman Suchit Punnose, and CTO Taariq Mauthoor.
Modulex firmographics
Firmographics- Name
- Modulex
- Legal name
- Modulex Modular Buildings Plc
- Website
- https://modulex.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Modulex is a London-headquartered, steel-based modular construction company producing factory-finished pods, panels, and volumetric modules for healthcare, retail, education, residential, hospitality, and corporate clients, with manufacturing in Pune, India.
- Ownership category
- akta.pro rank
Modulex industry classification
Industry- Product category
- Modular Construction
- SIC
- Fabricated Structural Metal Products (3440), Sheet Metal Work (3444)
- akta.pro primary industry
- Modular/Offsite General Contracting & Installation (IMAFAAAK)
Keywords
Where Modulex is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Modulex business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Modular Construction - Pods and Modules: Sale of factory-built modular units including bathroom pods, kitchen pods, and volumetric modules for residential, commercial, healthcare, and institutional applications. Revenue is generated through one-time project-based sales with custom specifications.
- Modular Construction - Panels and Kits: Pre-engineered panel systems and kit-of-parts for construction acceleration, enabling faster installation and reduced on-site labor requirements
- Professional Services: Design consultation, installation, and commissioning services for modular construction projects
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based custom pricing |
Distribution channels1 record
Marketing channels3 records
Modulex product offering
Product offeringCore offering
Modulex is a ConstrucTech company that manufactures and sells factory-built modular construction units using 3D modular construction and Light Gauge Steel Frame (LGSF) technology. Its core offerings include volumetric modules, bathroom pods, kitchen pods, retail pods, internal and facade panels, and integrated kits, with up to 90% of construction work completed offsite in a controlled factory environment for rapid on-site assembly.
Product overview
Modulex is a ConstrucTech company offering Made-in-India factory-built modular construction solutions. Their portfolio is organized around three core product families: Pods (bathroom, kitchen, and retail pods that arrive installation-ready with integrated MEP and fixtures), Panels (internal and facade panel systems with light-gauge steel frames for faster construction), and Integrated Kits (combining pods and panels for flexible assembly). The company serves diverse sectors including healthcare (hospital wards, inpatient rooms, diagnostic centers), education (volumetric classrooms, hybrid systems), residential/commercial housing (student apartments, co-living spaces, budget accommodation), corporate offices, and retail/QSR. Underlying the product portfolio are core technology pillars: 3D modular construction using Light Gauge Steel Frame (LGSF) technology with 90% of work built offsite, BIM for digital design and planning, and IoT integration for smart building features including predictive maintenance and utility optimization. The company operates from a 40+ acre factory site in India with global offices in the UK and Mauritius.
Differentiator
Problem solved
Functional benefit
Products and services
- Volumetric Modules
Quantifiable outcome
- 30-50% reduction in construction timelines
- +5 more outcomes
Companies that use Modulex
Customer profileSegments6 records
Ideal customer profiles6 records
Modulex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature6 records
Modulex partnerships and signals
Strategic signalScale indicators8 records
Recent moves5 records
Expansion highlights4 records
Modulex competitors and assessment
Company assessmentEmerging players
- Plant Prefab: California-based sustainable prefab builder using factory-built panels and modules for custom residential and hospitality projects. Adjacent overlap on panelised systems and sustainability focus.
- Boxabl: US emerging player producing factory-built foldable volumetric housing units. Comparable in 'Modular Buildings 2.0' factory-precise volumetric approach but focused narrowly on residential rather than Modulex's multi-vertical portfolio.
Direct peers
- Portakabin: UK-based modular building specialist delivering volumetric and panelised modules for healthcare, education, and commercial customers. Directly comparable to Modulex in product category (volumetric modules, pods, panels) and target verticals.
- Karmod Prefabricated Building Technologies: Turkish manufacturer of prefabricated and modular buildings using steel frame systems for residential, commercial, and institutional customers. Comparable product technology (light gauge steel modular construction) and emerging-market export model.
- ATCO Structures & Logistics: Canadian-headquartered global provider of modular space solutions and permanent modular buildings across workforce housing, education, and healthcare. Comparable business model of factory-built modules sold/rented to enterprise customers.
- Guerdon Modular Buildings: US-based large-scale modular construction manufacturer producing volumetric modules for hotels, apartments, and commercial buildings. Directly comparable in factory-built multi-story volumetric delivery model.
- Wernick Group: UK family-owned modular building manufacturer offering permanent and temporary modular solutions for education, healthcare, and commercial sectors. Comparable product category, regional footprint, and target verticals.
- Algeco (Modulaire Group): European leader in modular space rental and permanent modular construction serving construction, industry, and public sectors. Directly comparable in offering modular volumetric units, panels, and turnkey building services across multiple verticals.
Regional players
- KEF Holdings (KEF Infra): India-based offsite construction company delivering prefabricated building systems (Prefab Infra, KEF Infra) for hospitals, hotels, and commercial customers. Comparable in factory-built modular construction serving India institutional market.
- Tata Steel Nest-In (Tata Projects): India-based prefabricated and modular construction arm of Tata offering steel-based modular solutions for housing, healthcare, and industrial applications. Comparable in India-centric LGSF-based modular construction with similar target verticals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Modulex social profiles
Digital presenceModulex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Modulex leadership team
Management profileNumber of profiles
Profiles10 records
Modulex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Modulex 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 Modulex
What does Modulex do?
Modulex is a ConstrucTech company that manufactures and sells factory-built modular construction units using 3D modular construction and Light Gauge Steel Frame (LGSF) technology. Its core offerings include volumetric modules, bathroom pods, kitchen pods, retail pods, internal and facade panels, and integrated kits, with up to 90% of construction work completed offsite in a controlled factory environment for rapid on-site assembly.
Is Modulex a public or private company?
Modulex is a private company. It is classified as public and is currently operating.
When was Modulex founded?
Modulex was founded in 2018. It employs 11 to 50 people.
Where is Modulex based?
Modulex is headquartered in London, United Kingdom, in the Europe region.
How does Modulex make money?
Three revenue lines are on record. Modular Construction - Pods and Modules are the primary driver. The others are modular Construction - Panels and Kits and professional Services.
Who are Modulex's main competitors?
Emerging players on record are Plant Prefab and Boxabl. Direct peers are Portakabin, Karmod Prefabricated Building Technologies, ATCO Structures & Logistics, Guerdon Modular Buildings, Wernick Group and Algeco (Modulaire Group). Regional players are KEF Holdings (KEF Infra) and Tata Steel Nest-In (Tata Projects).
Does Modulex have an API?
No public API is recorded for Modulex.
What industry is Modulex in?
Modulex's product category is Modular Construction. Its primary akta.pro industry code is IMAFAAAK, Modular/Offsite General Contracting & Installation. Its SIC code is 3440.