Master Components Ltd

About Us

Master Group

At Master Group, we bridge imagination and engineering to create the extraordinary. As a unified force of three specialized companies, we provide end-to-end solutions that take an idea from the drawing board to a high-precision, market-ready product. Whether it’s product design, mould design, advanced injection, compression moulding, compression & thermoset injection moulding, or cutting-edge additive manufacturing, we are the backbone of industries that demand quality, reliability, and innovation.

Our Journey: The Master Group Legacy

What started as a dream in a small workshop has grown into a thriving legacy built on dedication, craftsmanship, and an unyielding commitment to quality. From a handful of people working on a few projects to a dynamic group of companies with a vast network of team members, customers, and innovations, we have built not just a business, but a family. We take pride in retaining and grooming our team members to become leaders while nurturing their growth both professionally and personally as they advance in their careers.

A Legacy in Motion: Our Journey So Far

1997

Master Moulds Pvt Ltd was founded with a small factory, a team of three, and a vision for precision mould manufacturing.

1999

Master Components Pvt Ltd was registered, expanding our capabilities and growing our customer base and workforce.

2000

Established a second factory; began injection moulding at MCL (Previously known as MCPL).

2005-2007

Master Moulds expanded its facility from 1,800 sq. ft. to 4,000 sq. ft. to support growing demand.

2013

Master Components Ltd moved to a larger 3,200 sq. m facility, setting the stage for rapid growth.

2013-2017

Expanded MCL further with a 40,000 sq. ft. facility and additional machinery.

2017-2020

As Master Group grew, we expanded our facilities, upgraded our technology, and strengthened our industry presence. Our reputation brought in a larger customer base, prestigious projects, and a thriving team of skilled professionals.

2020

Master Nidavellir AeroMed Pvt Ltd was founded, bringing a new partner in this company and expanding into metal and plastic additive manufacturing, reverse engineering, and product design, offering state-of-the-art solutions.

2023 (Jan)

Master Components Pvt Ltd became an incorporated entity, now known as Master Components Ltd.

2023 (Sep)

A defining milestone: Master Components Ltd was listed on NSE Emerge, marking a new chapter of industry recognition and opportunity.

2023-2025

Capacity doubled from 35 to 70 machines, fuelling greater production capabilities.

Present

With a strong foundation, we continue to push boundaries, drive innovation, and expand strategically, embracing new opportunities while strengthening partnerships and shaping the future of manufacturing.

Our Core Values

Our Six Pillars: The Foundation of Master Group

M – Mindset for Growth

We empower, nurture, and grow together because our strength lies in our people.

A – Accountability & Quality

Precision and excellence drive every product we create, ensuring the highest standards.

S – Safety & Sustainability

A commitment to a secure workplace and responsible manufacturing for a better future.

T – Trust & Customers First

Their trust fuels our journey; we always strive to deliver beyond expectations.

E – Evolution & Continuous Improvement

We evolve, innovate, and push boundaries every day.

R – Results & Profitability

Growth with purpose, reinvesting in innovation, excellence, and sustainability.

Vision & Mission

Vision

To be the most trusted partner in precision manufacturing, redefining industry standards through innovation, reliability, and cutting-edge solutions

Mission

To create high-quality, Master-Made solutions that drive progress, empower industries, and set new benchmarks in manufacturing

Leading the Master Way

Master Components Ltd

Mudduraj Kulkarni
Mudduraj Kulkarni

Chairman & Managing Director
A qualified technocrat with over three decades of industry experience.

Shrikant Joshi
Shrikant Joshi

Whole Time Director & CFO
A qualified technocrat with over three decades of industry experience.

Riddhi Bheda
Riddhi Bheda

Company Secretary & Compliance Officer
Safeguarding compliance and facilitating effective Board processes.

Riddhi Bheda
Rajeshwari Kulkarni

Promoter & Non-Executive Director
A valued member of the Board
since 2003

Riddhi Bheda
Anagha Joshi

Promoter & Non-Executive Director
A valued member of the
Board since 2003

Riddhi Bheda
Vishal Patel

Non-Executive Independent Director
Offering balanced guidance and independent oversight as a member of the Board.

Riddhi Bheda
Ganapathi Joshy

Non-Executive Independent Director
Offering balanced guidance and independent oversight as a member of the Board.

Master Moulds Pvt Ltd

Shrikant Joshi
Shrikant Joshi

Director & Co-Founder
A qualified technocrat with over three decades of industry experience.

Mudduraj Kulkarni
Mudduraj Kulkarni

Director & Co-Founder
A qualified technocrat with over three decades of industry experience.

Riddhi Bheda
Anagha Joshi

Director
A valued member of
the Board

Riddhi Bheda
Rajeshwari Kulkarni

Director
A valued member of
the Board

Master Nidavellir Aeromed Pvt Ltd

Ninad Kulkarni
Ninad Kulkarni

Director
The strategic and technical mind steering the company’s vision and growth.

Riddhi Bheda
Anagha Joshi

Director
A valued member of
the Board

Riddhi Bheda
Rajeshwari Kulkarni

Director
A valued member of
the Board