PN Gadgil Jewellers has seen a remarkable rise in its share value since its initial public offering (IPO) this September. The IPO came just ahead of India’s festive and wedding season, a peak period for jewelry sales. This surge in market performance has propelled Saurabh Gadgil, the company’s MD and CEO, to a net worth of nearly $1 billion, according to Bloomberg.
Founded in 1832, PNG Jewellers started as a small jewelry shop in Sangli, Maharashtra, and has grown into a renowned brand recognized for its traditional designs and fine craftsmanship. The business has been built and sustained by six generations of the Gadgil family, becoming a household name in the jewelry industry.
About Saurabh Gadgil
Saurabh Gadgil, who took over the reins of PNG Jewellers in 1998, has been instrumental in the brand’s transformation. A former national-level chess player, Gadgil, 47, credits his success to strategic thinking, much like anticipating moves on a chessboard. His leadership has guided the company through collaborations with top Bollywood stars and unique jewelry collections that capture popular trends.
Among the brand’s many achievements, the launch of the “Timeless” collection with Bollywood icon Madhuri Dixit stands out. Another significant milestone was the partnership with Salman Khan’s “Being Human” foundation. PNG Jewellers designed jewelry for hit movies like Prem Ratan Dhan Payo and Bajrangi Bhaijaan, with the Bajrangi pendant becoming a best-seller across its stores.
Under Gadgil’s leadership, the company also ventured into silver jewelry with the creation of the "Silvostyle" brand, featuring collaborations with fashion designer Tarun Tahiliani. These innovative moves have cemented PNG’s position as both a market leader and trendsetter in the jewelry industry.
Gadgil’s business acumen extends beyond jewelry. During his MBA program, he interned at the Reserve Bank of India (RBI) to study the gold market, gaining insights into global trade. His long-term strategy involves expanding PNG’s footprint both domestically and internationally, ensuring the legacy of PNG Jewellers continues to thrive in an evolving global environment.
He has done his MBA from Symbiosis International University after graduating from Brihan Maharashtra College Of Commerce.
PNG Jewellers Q1 performance
The company’s revenue for in Q1 FY25 grew by 33% compared to the same period in the previous fiscal year, reaching Rs 1668 crore, up from Rs 1256 crore. Profit after tax (PAT) rose to Rs 35 crore.
Founded in 1832, PNG Jewellers started as a small jewelry shop in Sangli, Maharashtra, and has grown into a renowned brand recognized for its traditional designs and fine craftsmanship. The business has been built and sustained by six generations of the Gadgil family, becoming a household name in the jewelry industry.
About Saurabh Gadgil
Saurabh Gadgil, who took over the reins of PNG Jewellers in 1998, has been instrumental in the brand’s transformation. A former national-level chess player, Gadgil, 47, credits his success to strategic thinking, much like anticipating moves on a chessboard. His leadership has guided the company through collaborations with top Bollywood stars and unique jewelry collections that capture popular trends.
Under Gadgil’s leadership, the company also ventured into silver jewelry with the creation of the "Silvostyle" brand, featuring collaborations with fashion designer Tarun Tahiliani. These innovative moves have cemented PNG’s position as both a market leader and trendsetter in the jewelry industry.
Gadgil’s business acumen extends beyond jewelry. During his MBA program, he interned at the Reserve Bank of India (RBI) to study the gold market, gaining insights into global trade. His long-term strategy involves expanding PNG’s footprint both domestically and internationally, ensuring the legacy of PNG Jewellers continues to thrive in an evolving global environment.
He has done his MBA from Symbiosis International University after graduating from Brihan Maharashtra College Of Commerce.
PNG Jewellers Q1 performance
The company’s revenue for in Q1 FY25 grew by 33% compared to the same period in the previous fiscal year, reaching Rs 1668 crore, up from Rs 1256 crore. Profit after tax (PAT) rose to Rs 35 crore.
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