Several copper based catalysts were prepared, characterized and evaluated for the hydrogenation of levulinic acid and its methyl ester. Among these, nanocomposites of Cu-ZrO2 and Cu-Al2O3 quantitatively catalyzed the hydrogenation of levulinic acid and its methyl ester to give 90-100% selectivity to gamma-valerolactone in methanol and water respectively. Both the Cu-ZrO2 and Cu-Al2O3 nanocomposites were prepared by the co-precipitation method using mixed precursors under controlled conditions. XRD results showed that the main active phase of the reduced Cu-ZrO2 catalyst was metallic copper and particle size was found to be of 10-14 nm by HRTEM. The active metal leaching was at a maximum for the Cu-Al2O3 catalyst in a water medium due to the formation of a copper-carboxylate complex that was blue in colour. Surprisingly, copper leaching was completely suppressed in the case of the Cu-ZrO2 catalyst in methanol in spite of the substrate loading was increased from 5 to 20% w/w. The excellent recyclability of the Cu-ZrO2 catalyst with complete LA conversion and > 90% GVL selectivity makes it a sustainable process having a commercial potential.