National News
Gargi by P. N. Gadgil & Sons Closes FY25 with ₹126.3 Cr Revenue, Net Profit Up 240%; Board Approves Fundraise of ₹15 Cr
Gargi by P. N. Gadgil & Sons reported a strong close to the financial year 2024–25, posting a total income of ₹128.4 crore, up from ₹51.1 crore in FY24. Net profit after tax surged to ₹28.8 crore, a sharp increase from ₹8.4 crore last year, marking a 240% year-on-year jump.
The performance comes on the back of an expanded retail footprint and an operational transition to a more scalable model. As of March 31, 2025, the company operates 33 franchised stores, 51 Shop-in-Shop (SIS) outlets, and 14 exclusive brand stores.
In a strategic move to fuel future growth, the Board of Directors has approved raising to ₹15 crore through permissible instruments, including equity shares, qualified institutional placements (QIP), preferential allotments, rights issues, or a combination thereof, subject to regulatory and shareholder approvals.
Speaking about this, Aditya Modak, co-founder of Gargi by P N Gadgil & Sons, said, “FY25 was a transformative year, not only in terms of growth but in the way we structure and scale our business. The shift to a FOFO model is a long-term strategic decision, and the results have validated our direction. We are now focused on deepening distribution and leveraging operational efficiencies across our franchise and SIS formats.”
Notably, FY25 also marked the transition of the SIS operations from a FOCO (Franchisee Operated Company Owned) model to a FOFO (Franchisee Owned Franchisee Operated) model. Under the new structure, the company now sells goods directly to the franchisee, who sells to end customers, enabling a leaner inventory and capital model.
The change in model makes current-year figures non-comparable with earlier periods. Still, an internal reconciliation exercise indicates that if the earlier FOCO model had continued, the company would have recorded ₹82.4 crore in end-customer sales and a potential profit before tax of ₹23.3 crore.
National News
GJEPC Urges Nation to Take Blood Donation Pledge on Jeweller’s Day to Support Life-Saving Cause
National, 16 September 2025: The Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry.
This initiative reflects the industry’s deep commitment to social responsibility and the spirit of giving. By taking the pledge, participants commit to donating blood — a simple yet powerful act that can save countless lives and support India’s healthcare system, where blood shortages are an ongoing challenge.
Once the pledge is taken on 17th September, a nationwide blood donation drive will be organised across key hubs such as Mumbai, Surat, Jaipur, Kolkata, Chennai, Hyderabad, and more, in collaboration with leading hospitals and blood banks. Through this effort, GJEPC aims to mobilise thousands of donors from the trade and the public, making it one of the most impactful initiatives in the industry’s history.
Kirit Bhansali, Chairman, GJEPC, appealing to jewellers and karigars, said:
“17th September also marks the Vishwakarma Jayanti, and commemorates the 75th birthday of our Hon’ble Prime Minister, Shri Narendra Modi. On this significant day, I appeal to all the citizens and jewellery community across the country to come forward, take the pledge, and donate blood for this noble cause. Together, let us honour our tradition of craftsmanship with an act of compassion that has the power to save countless lives.”
To participate, individuals must first register by clicking on the pledge link. Once registered, they can formally take the pledge anytime between 7:00 AM on 17th September and 7:00 AM on 18th September 2025 by entering their mobile number on the same link. This ensures every participant’s commitment is recorded and counted towards the nationwide movement. Individuals can also register and take the pledge on 17th September on the same link.
The Council’s aim is to unite thousands of people from the trade and the public in this noble cause, creating one of the largest collective pledges and blood donation initiatives ever. This symbolic yet impactful action will strengthen the legacy of Jeweller’s Day as not only a celebration of artisanship but also of compassion and humanity.
All non-natural diamonds to be labelled only as “synthetic: CIBJO
GJEPC Urges Nation to Take Blood Donation Pledge on Jeweller’s Day to Support Life-Saving Cause
JOS ALUKKAS HOSTS SPECIALLY CURATED EXHIBITION IN ‘TURMERIC CITY’
All non-natural diamonds to be labelled only as “synthetic: CIBJO
JOS ALUKKAS HOSTS SPECIALLY CURATED EXHIBITION IN ‘TURMERIC CITY’
GJEPC Urges Nation to Take Blood Donation Pledge on Jeweller’s Day to Support Life-Saving Cause
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DiamondBuzz56 minutes agoAll non-natural diamonds to be labelled only as “synthetic: CIBJO
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National News2 hours agoJOS ALUKKAS HOSTS SPECIALLY CURATED EXHIBITION IN ‘TURMERIC CITY’
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National News2 hours agoGJEPC Urges Nation to Take Blood Donation Pledge on Jeweller’s Day to Support Life-Saving Cause
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