Modular Technologies India Private Limited, Chennai is a subsidiary of Modular Corp. (M) Sdn Bhd, Malaysia a wholly owned subsidiary of Modular Techcorp Holdings Bhd, a company listed on the MESDAQ board of the Malaysian Stock Exchange.

Modular is a leading Smart Card player in the banking and finance sector within the Asian region. The company successfully implemented the national migration of the magnetic stripe - Automated Teller Machine (ATM) cards to chip based for all the banks in Malaysia. It is also a prominent player within the credit card sector, primarily involved in the migration of magnetic stripe credit cards to chip based under the Europay, MasterCard, Visa consortium (EMV) mandate.

The chip based ATM card in Malaysia, branded as the Bankcard, is a highly secure fraud resistant card, which incorporates features of ATM, e-debit, e-cash and e-credit with a unique post issuance feature which allows additional applications to be added without having to recall the card.