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Mugdha Godse (born 26 July 1986) is an Indian actress and model who appears in Bollywood films. A former model, Godse was a semi-finalist at the Femina Miss India 2004 competition. She made her acting debut in Madhur Bhandarkar's 2008 film, Fashion. She was one of the judges in a Marathi reality show, Marathi Paul Padte Pudhe. Mugdha completed her B.Com from Marathwada Mitra Mandal College of Commerce, Pune.

Mugdha was born in a small middle-class family in Pune, Maharastra. She has one sister named Madhura. During her early days, Godse sold oil and only earned Rs.100 a day. She then started working out in the gym and participated in local beauty contests. In 2002, she participated and won the Gladrags Mega Model Hunt. In 2004, Godse took part in the biggest modeling contest in India, the Femina Miss India contest. She reached the semi-finals and won the Miss Perfect Ten title. She then moved to Mumbai and started modeling.

She has to her credit the Airtel commercial where she shared screen space with Shah Rukh Khan and the Close-Up commercial among the many she has done so far. She has spent over five years in the modelling field, doing press ads, music videos, commercials and walking the runway at national and international ramps. She appeared in the Hindi film Fashion. It was directed by Madhur Bhandarkar and has Priyanka Chopra, Kangana Ranaut and Arbaaz Khan alongside her. She received loads of praise for her performance — in her debut she has made a sensational mark.