BrandBuzz
Legacy meets Growth: PNG Jewellers Launches New Store in Chinchwad
PNG Jewellers, a 193-year-old legacy brand and a trusted name in the Indian jewellery industry, has added another milestone to its legacy with the grand opening of its newest store in Chinchwad, Maharashtra. The store’s inaugural ceremony was done by Bollywood diva Madhuri Dixit in the presence of Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, Executive director, Mr. Parag Gadgil, and members of the PNG family. This expansion aligns with the brand’s vision of making its exquisite jewellery more accessible to customers across Maharashtra.
The large format store is spread across 6000 sq.ft. The new store showcases an exquisite collection of gold, diamond, silver, and platinum jewellery, catering to traditional and contemporary tastes. Celebrating the launch, the store has rolled out exclusive offers such as Upto 20% off on gold jewellery making charges and Upto 100% off on diamond jewellery making charges.
Dr. Saurabh Gadgil, Chairman & Managing Director of PNG Jewellers, said, “We are delighted to bring PNG Jewellers closer to our customers in Chinchwad. This store is a reflection of our commitment to quality, trust, and innovation. We look forward to serving the people of this vibrant city with our heritage designs and exceptional craftsmanship.”
Bollywood icon Madhuri Dixit said, “I am glad to be associated with PNG Jewellers, a brand that nurtures Indian culture and stays true to its roots while expanding its purview in India and globally. Jewellery is not just an ornament; it is a reflection of emotions, traditions, and celebrations. PNG Jewellers has always been synonymous with trust and excellent craftsmanship, and I am delighted to inaugurate this beautiful store in Chinchwad.”
Chinchwad, a historically rich and rapidly growing locality has long been a center of Maharashtrian culture, industry, and tradition. PNG Jewellers, as Maharashtrian jewellery holds deep traditional significance, have played a key role in preserving and modernizing these designs for generations. With this new addition, PNG Jewellers continues its expansion journey, reinforcing its position as a leading jewellery brand in India and globally. The Chinchwad store promises an immersive shopping experience with expert craftsmanship, hallmark-certified jewellery, and exclusive bridal collections.
BrandBuzz
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
In a landmark decision that will significantly ease compliance for thousands of jewellery businesses across India, the Ministry of Corporate Affairs (MCA) has revised the definition of “Small Company” under the Companies Act, 2013, effective 1st December 2025.GJC published and sent out this important update to the jewellery trade.
New Eligibility Criteria (both conditions to be satisfied):
- Paid-up Share Capital : ≤ Rs.10 Crore (earlier Rs.4 Crore)
- Annual Turnover : ≤ Rs.100 Crore (earlier Rs.40 Crore) (as per the latest audited financial statements)
Any company exceeding even one of the above limits will cease to be a Small Company.
Key Benefits for Jewellers (Private Limited & Family-Owned Firms):
- Only 2 Board Meetings required in a year
- Exemption from mandatory Internal Audit in most cases
- Substantially lower penalties for defaults
- Simplified Annual Return via Form MGT-7A
- No need to prepare Cash Flow Statement in financials
- Exemption from mandatory Auditor Rotation – continue with existing trusted auditors
- Reduced overall compliance cost and administrative burden
GJC advised jewellery firms to immediately review their Paid-up Capital and Turnover for FY 2024-25 to confirm eligibility and start availing the relaxations from the current financial year itself.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.