Mastering the Power of Everyday Components
Since 1999, Master Components Ltd. (Previously Known as Master Components Pvt Ltd) has been on a mission to revolutionize plastic engineering. Today, we stand tall as an NSE Emerge-listed company, manufacturing the unsung components that keep industries moving, from automotive to electrical and beyond. We don’t just produce parts, we bring ideas to life with precision, trust, and mastery.
About Master Components Ltd
From a Single Spark to a Leading Force.
What began as a modest manufacturing unit has grown into one of India’s leading producers of plastic engineering components and sub-assemblies. With a legacy built on quality, innovation, and forward thinking, Master Components Ltd. is now a name trusted across sectors.
Backed by skilled professionals and cutting-edge machinery, we operate with one goal: to deliver engineering excellence in every gram of plastic we mould.
Product & Capabilities
We specialize in Thermoplastic and Thermoset Injection Moulding, Transfer Moulding, and Compression Moulding with machines ranging from 30 to 450 tons. Our moulded parts weigh anywhere between 1g to 3000g, catering to a wide range of industries like automotive, electrical, industrial, childcare, and healthcare.
Thermoplastic Injection Moulding
Thermoset Injection Moulding
Transfer & Compression Moulding
Industry-specific sub-assemblies
Tailored component solutions
Certifications
We meet the highest standards of quality and compliance, officially.
IATF 16949:2016
ISO 9001:2015
Our systems and processes are continuously audited and improved to meet international quality benchmarks.
CSR and Sustainability
We believe great companies don’t just grow; they give back. At Master Components Ltd., our CSR and sustainability efforts focus on empowering communities, conserving resources, and fostering a better tomorrow.
From eco-conscious production practices to employee-driven initiatives, we’re committed to impact that lasts beyond the factory floor.
Projects
Tree Plantation
Engaging communities in planting trees to promote environmental sustainability.
Blood Donation Camps
Organizing camps to encourage blood donation and save lives.
Donations to NGOs
Supporting various NGOs through financial and material donations.
The Founding Force
Mudduraj Kulkarni
CEO & Managing Director
A qualified technocrat from NTTF, Mudduraj Kulkarni brings over three decades of engineering and leadership experience. His early years at Crompton Greaves Ltd. shaped his deep understanding of tool-making, system development, and operations. In 1997, he co-founded Master Moulds Pvt. Ltd., and later Master Components Pvt. Ltd., leading the company to forward integration and public listing. His leadership emphasizes sustainability, values-driven action, and fostering a culture of shared growth. The company was recognized with an Award from Schneider Baroda for excellence in consistent quality.
Social - He plays an active role in CII Maharashtra, previously heading the MSME panel, and contributes to AJEETS, entrepreneurial forums, and the Nashik Runners Group. He is also a trustee of Pankh NGO.
“The secret of your future is hidden in your daily routine. Concept of Shubh Labh. With Shubh intentions and sincere actions, Labh naturally follows.”
Shrikant Joshi
Whole Time Director & CFO
An alumnus of NTTF, Shrikant Joshi began his career at Crompton Greaves Ltd., gaining hands-on experience in tool design and mould manufacturing. His expertise led to the creation of a state-of-the-art toolroom and the localisation of imported moulds, recovering investments in a very short time. He co-founded Master Moulds Pvt. Ltd., and later, Master Components Pvt. Ltd. as a forward integration, now a proudly listed entity. He also co-founded Master Nidavellir Aeromed Pvt. Ltd., expanding the group’s innovation in advanced product design. Under his leadership, the Master Group has earned the trust of various MNCs as well as domestic companies. Master Group has been awarded by German companies like Schmersal & Schmalz for best services along with successful entrepreneurs’ award to both founders by BLL.
Social Work – Member of TAGMA, Vice President of Nashik Cyclists for 7 years, trustee of Pankh, committee member at Janakalyan Blood Center, and founding member of WeGO Library Foundation promoting patent awareness. “Great ideas and bold visions mean nothing without the team that brings them to life. Teamwork is, and will always be, the cornerstone of every achievement.”
“Great ideas and bold visions mean nothing without the team that brings them to life. Teamwork is, and will always be, the cornerstone of every achievement.”
CS Riddhi Bheda
Company Secretary & Compliance Officer
CS Riddhi Bheda is a member of the Institute of Company Secretaries of India (ICSI) since 2021. She holds a Bachelor's and Master's degree in Commerce from Pune University, completed in 2016 and 2018 respectively. With over three years of experience in corporate secretarial practice, she oversees the company’s compliance under the Companies Act, 2013, SEBI regulations, and other statutory frameworks. She is also entrusted with managing investor relations and ensuring timely and effective grievance redressal.
Rajeshwari Kulkarni
Promoter & Non-Executive Director
Rajeshwari Kulkarni is one of the promoters of the Company and has been a member of the Board since April 5, 2003. She currently serves as a Non-Executive Director.
Vishal Patel
Non-Executive Independent Director
Vishal Patel is a Non-Executive Independent Director of our Company, appointed to the Board on April 12, 2023. A qualified Chartered Accountant and member of the Institute of Chartered Accountants of India, he brings nearly two decades of experience in Finance and Taxation. He is currently a working partner at Manav Project, a firm engaged in real estate development and construction.
Ganapathi Joshy
Non-Executive Independent Director
Ganapathi Joshy is a Non-Executive Independent Director of our Company, appointed to the Board on January 12, 2023. He holds a Bachelor’s degree in Commerce from Mysore University and a Bachelor’s degree in Law from Bangalore University, and has been an associate member of the Institute of Company Secretaries of India since May 1997. He was previously associated with Kirloskar Group, Mysore Breweries Limited, and Nitesh Estates Limited. With over four decades of experience in Legal, Administration, HR, Secretarial, Due Diligence, IPOs, and Mergers, he currently serves as a Corporate Law Advisor.
Our Customers
Trusted by top industries, Master Group delivers quality products with
unwavering reliability and on-time service while building strong partnerships that last.
