- CEO
- Shrikant Hanmant Joshi
- Sector
- Producer manufacturing
- Industry
- Miscellaneous manufacturing
- Address
- Plot No. D-10/A, MIDC Ambad Nashik MA India 422010
- IPO Date
- Sep 18, 2023
- Business
- Master Components Ltd (MASTER.NS) manufactures plastic engineering components and sub-assemblies for the electrical, automotive, medical, industrial, and home appliances sectors. The company offers thermoplastic injection moulding; thermoset injection moulding; thermoset transfer moulding; compression moulding; precision components, sub-assemblies, and assemblies; mould design and manufacturing; reverse engineering; product design; and additive manufacturing services. IATF 16949:2016 and ISO 9001:2015 certified, it serves diverse engineering and allied industries from its facilities in Nashik, India, with operations focused domestically.
Incorporated in 1999 and headquartered at Plot No. D-10/A and D-10/B, M.I.D.C. Ambad, Nashik, Maharashtra, the company operates as part of the Master Group, which includes Master Moulds Pvt Ltd and Master Nidavellir AeroMed Pvt Ltd. It listed on the NSE Emerge platform following its initial public offering in 2023, transitioning from Master Components Pvt Ltd to its current incorporated status.
In recent developments, Master Components entered a five-year licensing agreement effective April 1, 2025, for a new manufacturing facility in Nashik at a monthly rent of Rs 475,000 with five percent annual escalation to expand production of components, tools, moulds, and machine tools. The company placed a Rs 47.7 lakh order in July 2025 for an injection moulding machine with robot interface, delivery scheduled by August 30, 2025, to enhance capabilities. It held its 26th annual general meeting on August 4, 2025, approving financials, declaring a final dividend of Rs 0.50 per share, reappointing directors, and appointing M/s MDSB & Co. LLP as secretarial auditor for FY 2025-26 to 2029-30; the company also installed solar panels to shift major energy loads to alternate sources.