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About Us

ModulexTM is a project by Red Ribbon Asset Management Plc, London, UK (, an investor and promoter of projects for whose products or services there is a huge demand in India.

The management comprises senior members from the UK modular industry with over 60 combined years’ experience in the sector. Designed as the most advanced hybrid modular factory, operation will be on green principles complying with ISO 14001 standards.

Our Team

Adrian Bryars – Services Director

During his 20 years in the modular industry, Adrian’s extensive experience has resulted in his recognition as the UK sector's leading mechanical and electrical service engineer, having been instrumental in deriving advanced solutions for the development of modules with efficient M & E services.  He has worked closely with the MOD and MOJ in achieving their technical requirements on both living accommodation for the MOD and the new prison concept of A9 and A10 cells in line with the European Union requirements.  He also has extensive knowledge of the hotel industry’s M & E requirements.

Ajay Palekar - Chief Operating Officer

Ajay comes to Modulex with 27 years of working experience, with the bulk of it in manufacturing, logistics and supply chain management, client acquisition and servicing, export and domestic sales and general administration. An operations expert, he has established, and also turned around several organisations in his working life. Ajay has also ensured service and product delivery in a variety of industries in the COO position and transitioned processes and technology from the US, the UK, Canada and Australia. Based out of the factory in Indapur, he will be responsible for working closely with the British management team for effective delivery of quality modular buildings.

Andrew Pearson - Technical Design Director

A Chartered Structural Engineer and Member of the Institution of Structural Engineers, Andrew pioneered specialist cold-formed steel applications for the modular industry and has extensive experience of large education, health, commercial, retail, residential, industrial and leisure developments both at home and abroad. He has developed innovative design solutions to overcome various technical challenges, being directly responsible for the civil and structural engineering of major projects such as the £185 million Benaa Shopping Centre in Riyadh, Saudi Arabia.

Prem Pasricha - Executive Director

Prem is a UK based entrepreneur with over 40 years of experience in manufacturing, textiles and real estate. He comes with a wide range of expertise and experience in various sectors and has the vital connections and network in India to establish businesses. His expertise lies in execution of land transactions and identifying local strategic partners.

Raj Kandeth – Finance Director

Raj is a certified chartered accountant who has held senior accounting positions in several Plcs including that of finance director. He has worked in the fashion industry with Jasper Conran and the restaurant business with Sir Terence Conran's gastrodome enterprises and his design studio. Raj also has the experience of working with several major retailers such as Wickes Ltd where he was responsible for the integrity of the stock accounting function of 130 stores nationwide with a turnover of £600 million and Carpetright Plc. In his last position as finance director of Parkwood Healthcare Limited (a subsidiary of Parkwood Holdings Plc) he played a very active operational role in business development working alongside the MD and was able to successfully streamline the operations and secure high value contracts.

James Wood - Director, Corporate Finance

James has 18 years of experience in board advisory, investor relations, fundraising, private equity, venture capital & corporate finance including MBO’s, public to private transactions, growth capital, financial product sales & growth company management. James has been involved with developing and evaluating businesses in India for the last four years. Previously James has worked for JO Hambro Private Equity, Melee Venture Managament, Columbus Asset Management, Shirlstar Group, and SBC Warburg. James has a BSc in Law and Economics from Exeter University

Sandeep Khurana - Non Executive Director

A finance and legal professional, having qualified in Law, Cost Accountancy and Company Secretaryship, Sandeep has post qualification experience of over 26 years with renowned corporates in India.  He has gained valuable expertise as a company secretary, as executive director of a finance company, as a merchant banker and as a corporate consultant in the fields of raising long and short term resources from financial institutions including banks and private equity. During his long career, he has had exposure to sectors such as automotive components, electronics, engineering, floriculture, transportation and logistics, finance and financial services, realty development etc.

Suchit Punnose - Chairman

Suchit is a social entrepreneur with an eye for emerging markets and has the vital influential contacts to establish businesses in India, where such opportunities exist. As a management consultant and investor, he has incubated businesses in various sectors ranging from retail to service industries. Climate change is a topical issue about which Suchit is passionate and is focused on promoting businesses that support sustainable living. Outside work, he enjoys spending time on charitable causes and playing golf. He is the CEO of Red Ribbon Asset Management Plc, the promoter of the project.

Yogesh Khatri – Head of Marketing

Yogesh has over 28 years of experience in Marketing, Advertising and Integrated Communications. Trained as a pilot, he was the New Delhi Head of the Direct Marketing Division of the global advertising giant, McCann Ericsson, where he led integrated communication campaigns for international brands such as Microsoft, General Motors, Discovery Channel, ABN Amro to name but a few. Having run a successful Integrated Marketing business in India and now running a Brand Communication company in the UK, Yogesh brings with him a wealth of experience in innovative marketing brand communication strategies