About Master Group
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Master Group is a company based in Nashik (India) founded in 1997 by Mudduraj Kulkarni and Shrikant Joshi. It operates as a B2B2C and Professional Services. Master Group offers products and services including Mould Design & Manufacturing, Precision Components Manufacturing, and Reverse Engineering & Product Design. Master Group operates in a competitive market with competitors including Radiant Design, Roni House Holds, Panchmal Plastics, Mascot Plastic Industries and Garware Bestretch, among others.
- Headquarter Nashik, India
- Founders Mudduraj Kulkarni, Shrikant Joshi
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- PhoneLocked
- Website master-group.in
- Social LinkedIn Instagram
- Legal Name Master Components Limited
- Annual Revenue$7.93 M (USD)75.41as on Mar 31, 2026
- Net Profit$793.4 K (USD)14.64as on Mar 31, 2026
- EBITDA$1.31 M (USD)88.82as on Mar 31, 2026
Associated legal entities of Master Group
Master Group is associated with 3 registered companies on The Company Check; the primary company is Master Components Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity, and a full company report can be bought for any of them.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Report |
|---|---|---|---|---|---|---|---|
| Master Components Limited Listed CIN L28900MH1999PLC123308 | Active | 27 Dec 1999 | Nashik, Maharashtra | ₹42.8 Cr | 36 | 8 | Buy report |
| Master Moulds Private Limited CIN U28999MH1997PTC106289 | Active | 04 Mar 1997 | Nashik, Maharashtra | ₹8.0 Cr | 31 | 4 | Buy report |
| Master Components Private Limited CIN U28900MH1999PLC123308 | Active | 27 Dec 1999 | Nashik, Maharashtra, India | – | – | – | Buy report |
People of Master Group
3 people are tracked at Master Group (3 in leadership).
| Name | Role | Group |
|---|---|---|
Ninad Kulkarni | Co-CEO & Managing Director | Leadership |
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & CFO | Leadership |
Complete people profiles for Master Group
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Board of directors of Master Components Limited (Master Group)
Master Components Limited is the primary company behind Master Group. The boards of the 2 registered companies of Master Group currently have 6 directors; the longest-serving is Mudduraj Chandrashekhar Kulkarni, appointed in 1997. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mudduraj Chandrashekhar Kulkarni DIN 01190978 | Director | 04 Mar 1997 | 29 yrs 7 mo | Master Moulds Private Limited, Master Components Limited |
| Shrikant Hanamant Joshi DIN 01190986 | Director | 04 Mar 1997 | 29 yrs 7 mo | Master Moulds Private Limited, Master Components Limited |
| Rajeshwari Mudduraj Kulkarni DIN 01190990 | Director | 18 Mar 2020 | 6 yrs 6 mo | Master Moulds Private Limited, Master Components Limited |
| Anagha Shrikant Joshi DIN 01190993 | Director | 18 Mar 2020 | 6 yrs 6 mo | Master Moulds Private Limited, Master Components Limited |
| Ganapathi Mala Joshy DIN 02763942 | Director | 12 Jan 2023 | 3 yrs 8 mo | Master Components Limited |
| Vishal Jayantibhai Patel DIN 10040145 | Director | 12 Apr 2023 | 3 yrs 5 mo | Master Components Limited |
IPO & Listings of Master Group
Master Group is a publicly listed company on the NSE with ticker symbol MASTER in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Master Group
Master Group offers a comprehensive portfolio of products and services, including Mould Design & Manufacturing, Precision Components Manufacturing, and Reverse Engineering & Product Design.
Moulds are designed and manufactured with industry-leading expertise.
Precision components are produced for various industrial applications.
Innovative product designs are created through reverse engineering.
Financials of Master Group
Figures of Master Components Limited, the primary company behind Master Group, for FY 2025. Revenue was ₹42.81 Cr (+67% year on year). Net profit was ₹6.49 Cr (15% margin). EBITDA was ₹10.10 Cr (24% margin). Revenue has grown at a compounded annual rate of +32% over three years and +23% over five years.
- ₹42.81 CrRevenue · FY 2025 · +67% YoY
- ₹6.49 CrNet profit · 15% margin
- ₹10.10 CrEBITDA · 24% margin
- ₹4.00 CrPaid-up capital
- 36Employees (provident fund records)
- +32%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹74.4 Cr | ₹7.4 Cr | ₹12.3 Cr |
| 2024 | ₹42.4 Cr | ₹6.5 Cr | ₹6.5 Cr |
| 2023 | ₹25.3 Cr | ₹2.7 Cr | ₹4.3 Cr |
| 2022 | ₹20.7 Cr | ₹1.7 Cr | ₹3.2 Cr |
| 2021 | ₹18.2 Cr | ₹0.9 Cr | ₹2.2 Cr |
Balance sheet, profit and loss, cash flow and ratios of Master Components Limited are on its company page.
Buy the company report of Master Components LimitedDetailed financial statements for Master Group
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Competitors of Master Group
Master Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Radiant Design, Roni House Holds, Panchmal Plastics, Mascot Plastic Industries and Garware Bestretch, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| radiantdesign.in | 2014 | Chennai, India | $1.2M | 34 | Manufacturer and designer of injection molds and plastic products | |
| ronihouseholds.com | 2017 | Jalgaon, India | – | 9 | Plastic products are manufactured under contract in India. | |
| panchmal.com | 2009 | Bengaluru, India | – | – | Manufactures unbreakable plastic products for agriculture, construction, and household use. | |
| mascotplastic.com | 2001 | Vadodara, India | – | – | Manufactures and supplies precision plastic injection moulded parts to multiple sectors. | |
| garwarebeil.com | 1994 | Pune, India | – | – | Contract manufacturing of plastic products is conducted for clients. | |
| mphgroupplastic.com | 1980 | New Delhi, India | – | – | Manufactures plastic crates, bins, and storage solutions for industrial use. | |
| druxport.com | 2016 | Ahmedabad, India | – | 5 | Manufactures and exports ball pens, gel pens, and other writing instruments internationally. | |
| dharti-enterprise.co.in | 2011 | Rajkot, India | – | – | Manufactures high-quality plastic cutters and spreaders. |
Detailed competitors of Master Group
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Latest news on Master Group
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Frequently Asked Questions about Master Group
Master Group was founded in 1997.
Master Group is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
Ninad Kulkarni is the current CEO of Master Group.
Annual revenue of Master Group is $7.93M as on Mar 31, 2026.
Master Group is composed of three dynamic companies focused on design and manufacturing. Activities are centered around mould design, precision component manufacturing, and reverse engineering. Solutions are provided across sectors like construction, automotive, healthcare, and aerospace. End-to-end services are offered, from concept to production, using cutting-edge technology. Commitment to precision and innovation is maintained throughout operations.
Master Group's top competitors include Radiant Design, Roni House Holds and Garware Bestretch.
Master Group offers Mould Design & Manufacturing, Precision Components Manufacturing, and Reverse Engineering & Product Design.
Yes, Master Group is publicly traded on NSE under the ticker symbol MASTER.
The ticker symbol of Master Group is MASTER on NSE.
Master Group is associated with 2 legal entities: Master Moulds Private Limited, Master Components Private Limited.
Master Group is classified as a public.
The legal entities of Master Group currently have 7 directors, including Mudduraj Chandrashekhar Kulkarni, Shrikant Hanamant Joshi, Rajeshwari Mudduraj Kulkarni and others.