New Premises
P. N. Gadgil & Sons Expands in Pune with New Store at Tribeca Highstreet; Launches 9KT Collection
The Gifting Edition Across All PNGS Showrooms
The iconic jewellery house deepens its presence in Pune with a premium new address. It broadens its offering with a collection designed to make gold gifting effortless and everyday — while staying rooted in the traditional craftsmanship that has defined the brand for nearly two centuries.
P. N. Gadgil & Sons (PNGS), one of India’s most trusted jewellery retailers with a legacy spanning nearly two centuries, has unveiled its latest showroom at Tribeca Highstreet, Pune. Alongside this, the brand announces the pan-India launch of its 9KT Collection – The Gifting Edition, now available across all PNGS showrooms — a new chapter in the brand’s range that sits alongside, not in place of, the traditional jewellery that generations of customers have come to cherish.

Built on Tradition, Expanding with Intent
PNGS has long been synonymous with jewellery that marks life’s most significant moments — intricate gold sets rooted in Maharashtrian craft traditions, bridal collections steeped in heritage, and heirloom pieces designed to be passed down through families. That identity remains at the core of everything the brand does.
What is changing is the breadth of what PNGS now offers. Recognising that its customers span multiple generations, occasions, and sensibilities, the brand is thoughtfully expanding its range — introducing collections that speak to contemporary lifestyles and everyday moments. At the same time, the traditional jewellery that has defined PNGS for nearly 200 years continues to hold its rightful place at the centre.
The new showroom at Tribeca Highstreet reflects this dual commitment. In this space, customers can find timeless gold pieces rooted in PNGS’s heritage, as well as contemporary 9KT designs crafted for everyday wear and effortless gifting.
A New Address in Pune’s Evolving Retail Landscape
Tribeca Highstreet adds a significant new chapter to PNGS’s deep-rooted presence in its home city. The showroom brings the brand’s full spectrum to a new generation of Pune consumers — from its signature traditional jewellery, hallmarked for purity and crafted with generations of precision, to its newest contemporary offerings.
With this opening, PNGS now operates 34 showrooms across 23 cities in 3 states — a network built steadily and deliberately, reflecting the trust the brand has earned with customers across Maharashtra, Karnataka, and Gujarat. This growth has also seen PNGS climb from rank 471 to 280 on the 2024 Fortune 500 India list, a marker of the brand’s expanding scale and consumer confidence.

Introducing the 9KT Collection – The Gifting Edition
The newest addition to the PNGS range is the 9KT Collection – The Gifting Edition — conceptualised around accessible luxury and effortless gifting. Featuring versatile, contemporary designs for the modern consumer, it is crafted to celebrate everyday moments and make gold more approachable, easy to choose, and perfect for thoughtful gifting.
This is not a departure from what PNGS is. It is an expansion of what PNGS can be — for a customer who may already own the brand’s traditional pieces for weddings and festivals. Still, it now wants gold that works for a Tuesday birthday, a colleague’s farewell, or a quiet personal purchase. The 9KT format brings fine jewellery within reach for a wider set of moments, without compromising on the design integrity or purity assurance that is non-negotiable for PNGS.
Aditya Modak, COO & CFO, P. N. Gadgil & Sons

“Our traditional jewellery is not going anywhere. The craftsmanship, the heritage designs, the gold pieces that have been part of Maharashtra’s most precious family moments — that will always be the heart of PNGS. What we are doing now is ensuring that the brand also has something meaningful to offer in between those big moments. The 9KT Collection – The Gifting Edition is for the customer who loves gold but wants to engage with it more often, more freely, and without the weight — literal or otherwise — of occasion-driven buying. Tribeca Highstreet, as a location, speaks to exactly this: a customer who respects tradition but lives a modern life. We want PNGS to be present across every chapter of her journey — not just the milestone ones.”
Available now across all 34 PNGS showrooms, the collection spans contemporary, wearable forms suited to the modern recipient — across birthdays, anniversaries, festivals, and occasions that need no label at all.
New Premises
Gargi By PNGS Expands With Four New Stores, Marks Strong Retail Growth
New Outlets in Ravet, Baner, Paud Road (Pune), and DSL Mall, Hyderabad, Reinforce the Brand’s Position as one of India’s Fastest-Growing Fashion Jewellery Names.
Gargi by P N Gadgil & Sons (PNGS), one of India’s fastest-growing listed fashion jewellery brands, has closed its financial year on an emphatic note with the launch of four new exclusive brand outlets — three in Pune’s Ravet, Baner, and Paud Road neighbourhoods, and one at DSL Mall, Hyderabad. The openings mark a fitting close to a year in which Gargi cemented its status as a standout performer in the branded fashion jewellery category, backed by strong financials, an aggressive retail rollout, and a market capitalisation exceeding Rs. 800 crore.


The Ravet store, located at Yashada Windsons, opened on March 26, 2026, followed closely by the launches in Baner and Paud Road — two of Pune’s most aspirational residential and commercial corridors. The Hyderabad outlet at DSL Mall extends Gargi’s footprint in Telangana, a market the brand has been methodically building for the past two years.
Each of the new stores offers Gargi’s full range of contemporary collections — from everyday 925 sterling silver pieces to certified natural diamond lines — designed for the modern Indian consumer seeking wearable, design-forward jewellery at accessible price points.
Speaking about the milestone, Aditya Modak, Co-founder and Director, Gargi by PNGS, said:

“March has always been a defining month for us — it’s when the year’s effort becomes visible. These four launches are not just stores; they are proof of what we set out to build. Ravet, Baner, and Paud Road reflect how deeply Pune continues to trust and embrace Gargi, while Hyderabad tells us our South India story is only getting stronger. As we close this financial year, we are proud to say that we are building not just a bigger brand, but a more meaningful one — one neighbourhood, one customer, one conversation at a time.”
The March launches cap what has been a landmark year for Gargi by every measure. The brand reported nine-month revenues of Rs. 119 crore for FY2025–26, with quarterly revenues crossing Rs. 46 crore in Q3 — a 27% year-on-year jump. Net profit for the same quarter grew by more than 15% year-on-year, and the company has maintained profitability in every quarter since inception. With an EBITDA margin of approximately 31% and a debt-free balance sheet, Gargi’s financial profile stands out sharply in a category still dominated by unorganised players.
From a market-cap perspective, Gargi trades at a valuation in excess of Rs. 800 crore on the BSE — a remarkable milestone for a brand that only commenced retail operations in 2021. The brand now operates across 40+ cities through a combination of exclusive brand outlets, franchise stores, and Shop-in-Shop formats — and has set its sights on at least one new store opening per month through FY2026–27.
Earlier this financial year, the brand opened 12 exclusive brand outlets, launched in Aurangabad and Indore, expanded into Delhi’s Pitampura and Pimple Saudagar in Pune, and opened a store at Spectrum Metro Mall, Noida. The four March launches bring the brand’s pan-India exclusive store count to its highest yet.
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