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Our sphere of expertise
Modulex is a leading ConstrucTech Company, harnessing emerging technologies like Artificial Intelligence, Blockchain & Internet of Things (IoT) to meet the burgeoning housing and infrastructure needs at a pace and with optimal cost efficiency.
Modulex is an incubation promoted by Red Ribbon Asset Management Plc, a Mainstream Impact Investing company, which intends to take disruptive construction technology to emerging and growth markets where there is an urgent need for infrastructure such as healthcare, offices, and affordable housing.
Our Team
We are led by a senior and experienced management team who is passionate about creating a futuristic ConstrucTech business by delivering the full potential of "Modular Buildings 2.0"
Suchit Punnose
Suchit Punnose
Founder and CEO
With over 22 years of experience in investments, real estate, and ventures across India and the UK, Suchit is the founder and CEO of Red Ribbon Asset Management. Under the leadership and direction of Suchit, all Red Ribbon projects are committed to the three pillars of sustainability – Planet, People, and Profit. Each company within the group aims to deliver measurable social and environmental impact and above market-rate returns for investors.
Richard Ogden
Richard Ogden
Senior Advisor to the Board
With over 50+ years of experience in the construction industry. Richard is passionate about change and bringing this important industry into the 21st century using manufacturing processes and smart construction to deliver measurable change. Amongst other high-profile appointments, Richard has been the former Chairman of Buildoffsite.
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Ajay Palekar
Ajay Palekar
Managing Director India
Ajay has over 38 years of working experience in manufacturing, logistics and supply chain management. He has successfully managed clients, export markets and general administration. He is passionate about delivering change with cutting-edge technology, now with a keen focus on building a new-age ConstrucTech company, Modulex.
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Taariq Mauthoor
Taariq Mauthoor - Chief Technology Officer
Taariq Mauthoor is a Chartered Engineer in Sustainable Design & Engineering and is a leading sustainability engineer with over 20 years experience in the built environment sector. He is a fellow of the Chartered Institute of Building Services CIBSE (UK) and Managing Director of the GMF Engineering Group. Taariq has been a senior strategic advisor to international corporate finance entities targeting impact investments in energy and buildings across Africa and has advised development NGOs on Smart City master planning with integrated low carbon technologies and climate adaptation strategies, thereby working towards achieving the UN Global Goals of Sustainable Development.
Suchit Punnose
Founder and CEO
With over 22 years of experience in investments, real estate, and ventures across India and the UK, Suchit is the founder and CEO of Red Ribbon Asset Management. Under the leadership and direction of Suchit, all Red Ribbon projects are committed to the three pillars of sustainability – Planet, People, and Profit. Each company within the group aims to deliver measurable social and environmental impact and above market-rate returns for investors.
Richard Ogden
Senior Advisor to the Board
With over 50+ years of experience in the construction industry. Richard is passionate about change and bringing this important industry into the 21st century using manufacturing processes and smart construction to deliver measurable change. Amongst other high-profile appointments, Richard has been the former Chairman of Buildoffsite.
Ajay Palekar
Managing Director India
Ajay has over 38 years of working experience in manufacturing, logistics and supply chain management. He has successfully managed clients, export markets and general administration. He is passionate about delivering change with cutting-edge technology, now with a keen focus on building a new-age ConstrucTech company, Modulex.
Taariq Mauthoor - Chief Technology Officer
Taariq Mauthoor is a Chartered Engineer in Sustainable Design & Engineering and is a leading sustainability engineer with over 20 years experience in the built environment sector. He is a fellow of the Chartered Institute of Building Services CIBSE (UK) and Managing Director of the GMF Engineering Group. Taariq has been a senior strategic advisor to international corporate finance entities targeting impact investments in energy and buildings across Africa and has advised development NGOs on Smart City master planning with integrated low carbon technologies and climate adaptation strategies, thereby working towards achieving the UN Global Goals of Sustainable Development.
Our Values
Our company’s foundation is built on our values, which distinguish us and guide our actions. We conduct our business in a socially responsible and ethical manner. We respect the law, support universal human rights, protect the environment and benefit the communities where we work.
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We place the highest priority on the health and safety of our workforce and the protection of our assets, communities, and the environment. We deliver world-class performance with a focus on preventing high-consequence incidents.
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We are honest with ourselves and others and honour our commitments. We trust, respect, and support each other. We earn the trust of our colleagues and partners by operating with the highest ethical standards in all we do.
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We build trusting and mutually beneficial relationships by collaborating with our communities, governments, customers, suppliers, and other business partners. We are most successful when our partners succeed with us.
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We are passionate about delivering results and strive to improve continually. We apply proven processes in a fit-for-purpose manner and always look for innovative and comprehensive agile solutions.
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We respect and learn from the cultures in which we operate. We have an inclusive work environment that values the uniqueness and diversity of individual talents, experiences, and ideas.