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

CEO & 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

CEO & Managing 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