National News
Madhuri Dixit inaugurates 20000* sqft jewellery shopping destination for PNG Jewellers at Laxmi Road, Pune
Retail expansion in jewellery aligns with the consumer response in any given market. Phenomenal popularity and product demand call for unprecedented expansion, and one such instance was exhibited by PN Gadgil Jewellers, widely known for its commitment towards excellence across a legacy of 193 years of business and counting, with the launch of a new store besides renovation of its flagship showroom, both at Laxmi Road in Pune, on 23 March, 2025.
Catering to rising demand across all categories of gold, diamond, platinum, and colour gemstone jewellery in the Pune market, the two stores were jointly inaugurated by Bollywood diva Madhuri Dixit in the presence of Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers; Mr. Parag Gadgil, and members of the PNG Jewellers family. The combined area of the two large-format stores now reach a staggering 20,000 sq. ft.*
Dr. Saurabh Gadgil, Chairman and Managing director of PNG Jewellers said, “Pune holds a special place in our hearts, as it is where our flagship store continues to stand as an example to our heritage and trust. Now, the brand has a total of 53 stores across the world. As we strive to strengthen our retail network further, this expansion brings us closer to our patrons, ensuring they have convenient access to the finest jewellery, steeped in tradition and craftsmanship. We look forward to serving the people of Pune with the same commitment to quality, craftsmanship, and trust.”
Ushering in a completely modern in-store experience while respecting Maharashtrian tradition, the renovated flagship showroom has been redesigned akin to heritage Wada courtyard houses intrinsic to the state. Exclusively retailing in gold jewellery of Kalkatti, temple, antique, and kundan designs, the flagship showroom specialises in bridal jewellery along with a dedicated wedding lounge replete with private make-up stations to give the brides-to-be the attention they deserve. The new 2-storey showroom, on the other hand, stands tall as a hub of the studded categories including diamond, platinum, uncut, polki, and precious colour gemstone jewellery. The expansion has now diversified the product range of PNG Jewellers by an impressive 30-40%, thus giving buyers across all categories better options for an immersive and satisfying shopping experience.
Commenting on the continuing legacy of the brand, ambassador and Bollywood superstar Madhuri Dixit said, “It is a privilege to be a part of this historic event with PNG Jewellers, a company known for its excellence and tradition. Their commitment to preserving tradition while embracing modern designs truly sets PNG Jewellers apart. PNG has always stood for trust, tradition, and timeless craftsmanship.”
The new store of PNG Jewellers is located 500 meters away from their flagship store, and has rolled out exclusive offers such as 0% deduction on old gold exchange, up to 40% off on gold jewellery-making charges, and up to 100% off on diamond jewellery-making charges respectively to celebrate the grand inauguration.
National News
IBJA, SAARTHI 360 Sign MoU To Launch ‘NextGen CEO: Leadership for the Future’
Executive Education Initiative To Equip The Next Generation Of Jewellery Manufacturers With The Leadership Capabilities, Strategic Perspective and Decision-Making Skills Required To Lead Family Businesses.
The India Bullion and Jewellers Association (IBJA) and SAARTHI 360 have signed a Memorandum of Understanding (MoU) to launch ‘NextGen CEO: Leadership for the Future’, an executive education programme designed to prepare the next generation of jewellery manufacturers for CEO and senior leadership roles in family-owned businesses.
The programme will help emerging leaders move beyond day-to-day operations by strengthening their strategic thinking, leadership judgement and managerial capabilities to improve organisational performance and support sustainable growth.
Building the Next Generation of Jewellery Business Leaders
Centred on ‘NextGen CEO — Becoming the CEO of a Family Jewellery Business’, the programme addresses leadership succession and executive decision-making in family-owned jewellery enterprises.
- Understanding the CEO’s role: Defining a CEO’s responsibilities and expectations in a jewellery business.
- Clarifying leadership and governance roles: Distinguishing among an owner, promoter, director, managing director and CEO.
- Strategic leadership versus daily operations: Moving from routine management to long-term business direction and priorities.
- Decision-making and strategic thinking: Applying structured frameworks to complex business situations.
- Managing stakeholders: Navigating relationships with family members, shareholders, employees and other stakeholders.
- Performance measurement: Using a CEO dashboard to monitor performance and support informed decisions.
- The first 100 days as CEO: Establishing priorities for the transition into executive leadership.
- Second-generation leadership challenges: Addressing succession, authority, accountability and organisational change.
- Ethics and integrity: Building trust through responsible leadership, sound governance and ethical decision-making.
Surendra Mehta, National Secretary, IBJA, said:

“Family-owned jewellery businesses play a significant role in India’s gems and jewellery industry. As these businesses grow and prepare for generational transitions, developing capable and confident future leaders becomes increasingly important. Through this initiative, we aim to help the next generation build the clarity, discipline and leadership capabilities needed to take their businesses forward while preserving the strengths of their family legacy.”
Binit Bhatt, Partner, SAARTHI 360, said:
“Becoming a CEO is about much more than inheriting a title. It requires a fundamental shift in mindset—from managing day-to-day operations to setting direction, making informed decisions, building accountability and earning the confidence of family members, employees and other stakeholders. The NextGen CEO programme is designed to equip emerging leaders with practical frameworks and perspectives that they can apply to the realities of their own businesses.”

Hitesh Khandelwal, Partner, SAARTHI 360, said:

“Jewellery businesses are navigating an important generational transition, where preserving a strong legacy must go hand in hand with professional management and strategic thinking. Through NextGen CEO, we aim to help emerging leaders develop the confidence, capabilities and business perspective required to lead effectively, drive sustainable growth and prepare their organisations for the future.”
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