PN Gadgil Jewellers Ltd (PNGJL)

Discover the fascinating journey of PNG Jewellers India’s dark horse in the world of jewellery! From humble beginnings in 1832, when Shri Ganesh Narayan Gadgil started a jewellery store in Sangli, Maharashtra, PNG Jewellers has built “generations of trust” for nearly two centuries. Explore how this iconic brand grew its roots in Maharashtra and Goa, dominating the gold jewellery market while expanding nationally and internationally.

In this video, we’ll cover:

• PNG Jewellers’ rich legacy and transition from a family business to a powerhouse with over 2,000 employees and 53+ stores.

• PNG Jewellers’ rich legacy and transition from a family business to a powerhouse with over 2,000 employees and 53+ stores.

• Financial performance highlights: FY25 revenue of ₹76,935 million, robust EBITDA growth, and a sharply rising PAT margin (see Q1 FY26 results).

• Product strength: Over 6,000 gold SKUs, 23,000+ diamond designs, and 10,000+ silver/platinum offerings serving modern, traditional, and festive needs.

• Introduction of “LiteStyle by PNG” a stylish, lightweight jewellery line designed for young professionals and the modern Indian woman.

•Strong presence across Maharashtra, Goa, and major cities, supported by a legacy of heritage, solid customer trust, and consistent brand recall

• Strategic expansion with new store openings, celebrity endorsements, and acclaimed marketing campaigns.

If you’re passionate about business turnarounds, Indian brands, or the evolution of family run enterprises in a competitive market, this story will inspire you.

Takeaways:

• PNG Jewellers exemplifies resilience, innovation, and sustained growth in India’s jewellery sector

• Their legacy, regional dominance, and rapid expansion make them a true “dark horse” poised for national prominence.

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