National News
PNGS Reva Diamond Jewellery Files IPO Draft with Sebi to Raise ₹450 Crore; Plans 15 New Stores by FY28

PNGS Reva Diamond Jewellery, a Pune-based diamond jewellery brand, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) to raise ₹450 crore through an initial public offering (IPO). The IPO will consist entirely of a fresh issue of equity shares, according to the draft red herring prospectus (DRHP) filed on Tuesday.
The company plans to utilize a significant portion of the IPO proceeds, amounting to ₹286.56 crore, for the establishment of 15 new stores by the end of the financial year 2028. Additionally, ₹35.40 crore will be allocated for marketing and promotional activities related to the launch of these new stores. These initiatives aim to enhance the visibility and market presence of the company’s flagship brand, “Reva.” A portion of the funds will also be used for general corporate purposes.
PNGS Reva Diamond Jewellery was formed after its promoter, P N Gadgil & Sons Ltd, divested its diamond jewellery business through a slump sale. This strategic move led to the creation of PNGS Reva as a separate entity with its own identity, enabling it to operate independently while continuing to serve the diamond jewellery segment.
The company is a retail-focused jewellery brand engaged in the sale of a wide variety of jewellery products. As of March 31, 2025, PNGS Reva Diamond Jewellery operated 33 stores spread across 25 cities in Maharashtra, Gujarat, and Karnataka.
On the financial front, the company has demonstrated strong growth. Revenue from operations increased by 32 per cent to ₹258.18 crore in the financial year 2025, up from ₹195.63 crore in the previous fiscal. Net profit also registered a robust growth of 40 per cent, rising to ₹59.47 crore in FY25 from ₹42.41 crore in FY24.
Smart Horizon Capital Advisors has been appointed as the sole book-running lead manager for the issue. The company’s equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

National News
Celebrate the Season – Kushal’s Fashion & Silver Jewellery Diwali Collection 2025

Kushal’s Fashion and Silver Jewellery has unveiled its much-awaited Diwali Collection 2025, themed “Festivities Begin With You.” Built on the belief that celebrations truly come alive not with decor or rituals, but with the people who make them memorable, the collection celebrates the woman who is the heart of every gathering -radiant, confident, and the one who makes every moment special.
Festivals are more than just traditions- they are a celebration of joy, shared laughter, and the personal touch that makes every occasion uniquely one’s own. This Diwali edit celebrates that very spirit, with jewellery designed to evoke beauty and confidence as one steps into every moment of the season. Whether it’s the serenity of a puja, the warmth of a family dinner, or the sparkle of a Diwali soiree, this collection ensures you shine through them all.

Speaking at the launch, Manish Gulechha, Co-founder of Kushal’s Fashion and Silver Jewellery, said: “Festivals are about the joy we share with the people closest to us—and we wanted this collection to reflect exactly that. ‘Festivities Begin With You’ is our tribute to every woman who lights up a room just by being in it. With designs that blend tradition and modernity, this collection is about celebrating her confidence, her style, and the way she makes every occasion unforgettable. This Diwali, we hope our pieces add an extra sparkle to homes, hearts, and celebrations, making the festival of lights even more memorable.”
The Collection
Day Puja Collection: Inspired by the symbolism of new beginnings, this curation features petal-inspired antique necklaces, bangles, rings, waist chains, with the necklaces and earrings adorned in red and green coloured stones. Paired beautifully with festive silk gowns and lehengas, these pieces complement the poise and grace of traditional rituals, adding timeless charm to every auspicious moment.
Dinner Party Collection: Perfect for intimate gatherings and family evenings, this edit is all about contemporary elegance. Statement kundan sets with deep red coloured stones make a striking style statement when paired with contemporary Indo-fusion ensembles- blending classic detailing with a fashion-forward edge.
Diwali Party Collection: As the celebrations reach their peak, this collection offers a glamorous finishing touch. Sparkling zircon designs with ruby-inspired tones illuminate every look, from chic sarees to cocktail-ready silhouettes. Bold earrings, bangles, and statement necklaces complete the ensemble, making you the centre of attention.
Bringing together intricate craftsmanship, vibrant detailing, and versatile styling, Kushal’s Festive Collection 2025 offers jewellery that’s both aspirational and effortlessly wearable. Necklace sets with matching accessories and are available across 100+ stores in India as well as on the Kushal’s online store.
“Be the spark that starts every celebration. Festivities Begin With You.” – Kushal’s Fashion and Silver Jewellery
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Celebrate the Season – Kushal’s Fashion & Silver Jewellery Diwali Collection 2025