# PNG Jewellers

> P. N. Gadgil Jewellers (PNG Jewellers) is one of India's oldest jewellery houses, founded in 1832 and headquartered in Pune, Maharashtra. The company designs and retails gold, diamond, silver and platinum jewellery through a fast-growing network of stores across Maharashtra, Goa and an outlet in the United States, plus an online D2C platform. After a heavily over-subscribed ₹1,100 crore IPO in September 2024, PNG Jewellers blends nearly two centuries of goldsmithing heritage with modern omnichannel retail, BIS hallmarking, lifetime buyback and a stable of Bollywood brand ambassadors.

- **Founded:** 1832
- **Headquarters:** Pune, Maharashtra, India
- **Founders:** Ganesh Gadgil (Founder (1832)), Saurabh Gadgil (Chairman & Managing Director)
- **Team size:** Approximately 2,100 employees
- **Products:** Gold Jewellery, Diamond Jewellery, Bridal & Wedding Collections, Silver Articles & Platinum, PNG LiteStyle
- **Notable:** One of India's oldest jewellery companies, operating since 1832 (nearly 200 years)., September 2024 IPO of approximately ₹1,100 crore, subscribed 59.4 times and listed on BSE and NSE., Made Chairman & MD Saurabh Gadgil one of India's newest billionaires post-listing.

## Products & services

- **Gold Jewellery** — Traditional and contemporary gold jewellery in 24K, 22K, 18K and 14K - necklaces, earrings, rings, pendants, mangalsutras, bracelets and bangles.
- **Diamond Jewellery** — Natural diamond jewellery and certified diamond collections including engagement rings and heritage diamond rings.
- **Bridal & Wedding Collections** — Traditional Indian and regional bridal jewellery for weddings and festive occasions.
- **Silver Articles & Platinum** — Silver artefacts, silverware, bullion and platinum jewellery.
- **PNG LiteStyle** — A lighter, contemporary, daily-wear and fashion-forward product line.
- **Online D2C Store** — E-commerce platform (Shopify Plus) with secure payments, cash on delivery, order tracking, wishlists, lifetime buyback and insured shipping.

## Achievements

- One of India's oldest jewellery companies, operating since 1832 (nearly 200 years).
- September 2024 IPO of approximately ₹1,100 crore, subscribed 59.4 times and listed on BSE and NSE.
- Made Chairman & MD Saurabh Gadgil one of India's newest billionaires post-listing.
- Reported FY26 revenue of approximately ₹10,744 crore with a 124% Q4 revenue jump.
- Expanded to 50+ outlets across Maharashtra and Goa plus a store in the United States, targeting 103 outlets.
- Recognised for jewellery distinctive to Maharashtra's cultural styles.

## Latest updates

- **2024-09** — Completed ₹1,100 crore IPO, subscribed 59.4x, listed on BSE and NSE on 17 September 2024.
- **2024-09** — Promoter Saurabh Gadgil's stake crossed $1.1 billion, making him a new billionaire per Bloomberg.
- **2026** — Reported FY26 revenue of ~₹10,744 crore (40% YoY) and a 124% Q4 revenue jump; targeting 25 new stores in FY27 to reach 103 outlets.

## Links

- Website: https://pngjewellers.com
- LinkedIn: http://www.linkedin.com/company/pngjewellers
- Twitter/X: https://x.com/pngjewellers
- Instagram: https://www.instagram.com/pngjewellers/
- Facebook: https://www.facebook.com/PNGJewelers/

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Profile page: https://yespress.io/png-jewellers
Published by YesPress — https://yespress.io
Last updated: 2026-06-01