National News
Gargi by PNGS Celebrates Growth with New Store Openings in Aurangabad and Indore
The Fashion Jewellery Brand Marks Significant Expansion, Bringing its Total Store Count to 12 in Just Three Years
Gargi by P N Gadgil & Sons (PNGS), a leading name in the fashion jewellery industry, has closed the year with a strong performance, inaugurating two new stores in Aurangabad and Indore. These additions bring the total number of exclusive Gargi outlets to 12, marking a major milestone in the brand’s rapid retail growth over the past three years.
Expanding Reach in Emerging Markets
The new stores, located in high-traffic retail destinations—Prozone Mall in Aurangabad and Citadel Mall in Indore—are part of Gargi’s strategy to expand into Tier 2 and Tier 3 cities. This move is aimed at catering to the increasing demand for affordable, high-quality fashion jewellery in smaller urban centers, beyond the metropolitan regions.

A Year of Achievements and Innovation
2024 has proven to be a landmark year for Gargi. The brand expanded its footprint in Delhi with the opening of its Kapil Vihar, Pitampura store, and made further strides in Maharashtra with new outlets in Pimple Saudagar and Aurangabad. These expansions reinforce Gargi’s commitment to making stylish fashion jewellery more accessible to a wider audience.
The brand also launched the Utsaav collection, a festive range perfect for special occasions, and introduced its first-ever Kids Collection, featuring certified sterling silver jewellery designed with both safety and style in mind. These initiatives demonstrate Gargi’s dedication to inclusivity and diversification within the fashion jewellery market.

Aditya Modak, Co-founder of Gargi by PNGS, expressed, “Our growth isn’t just about numbers; it’s about connection. When people from different cities—whether women, men, or children—resonate with our designs, we know we’re on the right track. Aurangabad and Indore are not just new stores; they represent fresh relationships, inspiration, and opportunities for creative expression.”
Financial Growth and Future Goals
Gargi by PNGS has also achieved impressive financial milestones, surpassing a market capitalization of Rs. 1,500 crore, with plans to reach Rs. 100 crore in revenue by March 2025. The brand’s franchise-driven model has played a key role in this success, empowering local entrepreneurs while expanding the PNGS legacy. With PNGS boasting an annual turnover of over Rs. 8,500 crore, Gargi’s journey is marked by a blend of heritage and innovation.
Looking to the future, Gargi aims to continue its expansion across India, capitalizing on shifting consumer preferences and forging deeper connections with jewellery enthusiasts of all ages.
National News
GSI and Bharat Ratnam Mega CFC Launch Gem Identification Masterclass to Strengthen Industry Expertise
Masterclass Equips Jewellery Professionals With Advanced Skills In Gemstone Identification, Evaluation, and Market Trends
Gemological Science International (GSI), a global leader in gemstone certification and education, in collaboration with Bharat Ratnam Mega CFC, successfully conducted the Gem Identification Masterclass, addressing the growing demand for coloured gemstone expertise in the Indian jewellery market. With interest in coloured gemstones continuing to rise across India, GSI’s advanced educational programs aim to equip jewellery professionals with the knowledge and practical skills required to navigate this evolving category.
The Gem Identification Masterclass was designed for industry professionals seeking to deepen their expertise in coloured gemstones. The comprehensive curriculum covered gemstone identification, distinguishing between natural gemstones, simulants, and synthetics, advanced treatments, geographic origin factors, and value determination. Participants also received hands-on training using professional gemological instruments, reflecting GSI’s core laboratory expertise.
Ravi Menon, CEO, Bharat Ratnam Mega CFC, said:

“The rise in demand for coloured gemstones is one of the most significant trends in the global jewellery market, with India at the centre of this shift. Our collaboration with GSI aims to refine the skills of industry professionals and raise the standard of gemstone education. The overwhelming response highlights the beginning of an exciting transformation.”
Ramit Kapur, Managing Director, GSI India, added, “This program equips participants with the knowledge and confidence to evaluate gemstone purchases and deliver assured quality. By combining strong theoretical foundations with hands-on exposure, the masterclass enables professionals to operate with clarity and confidence in a sophisticated market.”
Led by GSI’s experienced instructors, the program leveraged decades of expertise in gemology, global research data, and advanced laboratory capabilities, ensuring participants gained access to the most accurate and current gemological insights.
As the coloured gemstone market becomes more competitive and complex, the need for technical expertise continues to grow. The Gem Identification Masterclass marks a significant step in empowering manufacturers, retailers, and professionals with the skills to identify, evaluate, and assess gemstones with precision.
This initiative reinforces GSI’s commitment to advancing gemological education worldwide, combining industry expertise, technology, and research to meet the evolving needs of the global jewellery industry.
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