Gargi by P N Gadgil & Sons (PNGS), a leading name in fashion jewellery, concluded the year on a strong note with the launch of two new stores in Aurangabad and Indore. This milestone brings the brand’s total exclusive outlets to 12 within just three years of its retail journey.
The newly opened stores, located in Prozone Mall (Aurangabad) and Citadel Mall (Indore), align with Gargi’s franchise-led growth strategy, which focuses on expanding into Tier 2 and 3 cities to meet the rising demand for premium yet accessible jewellery.
Aditya Modak, Co-founder of Gargi by PNGS, expressed, “Growth isn’t just about numbers; it’s about meaningful connections. Seeing people from different cities embrace our designs reassures us that we’re on the right path.”
Throughout the year, Gargi has expanded its presence with key store launches in Delhi (Kapil Vihar, Pitampura), Pimple Saudagar, Aurangabad, and more. The brand has also introduced Utsaav, a festive jewellery collection, and its first-ever Kids Collection, featuring certified sterling silver pieces designed for young wearers.
Financially, Gargi has seen remarkable progress, surpassing a ₹1,500 crore market capitalization and staying on course to achieve its ₹100 crore revenue target by March 2025. Its franchise model continues to play a vital role, backed by PNGS’s legacy of ₹8,500+ crore in annual turnover.
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