The risk of danger in industries is increasing due to the unexpected shutdowns owing to the unwanted faults in the components. These faults can also lead to a complete failure of the system causing costly production losses and safety issues. Therefore, Fault-Tolerant Control (FTC) techniques are used for such systems to get better reliability, and safety to prevent faults. This paper presents a Modified Triple Modular Redundancy (MTMR) based fault-tolerant system for a separately excited Direct Current (DC) motor with a Fault Detection and Isolation (FDI) unit that can detect, isolate, and replace the faulty switch with the standby switches to prevent the unwanted shut down of the system and support the process continuity thereby increasing reliability. The proposed MTMR will still be able to provide output with only one healthy switch with the other two in the faulty conditions. MATLAB/Simulink software was used for the experimentation process to check the performance of the system. The presented work establishes that the MTMR-based fault-tolerant H-bridge with the FDI unit is a highly reliable solution for the speed control of a separately excited DC motor. The comparison of the proposed work with existing works also demonstrates its superior performance.