PN Gadgil Jewellers Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as ‘P N Gadgil Jewellers Private Limited’, a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated October 28, 2013, issued by the Registrar of Companies, Maharashtra at Pune (the RoC). The name of the company was subsequently changed to ‘P N Gadgil Jewellers Limited’, upon conversion of the company from a private limited to a public limited company, pursuant to a board resolution dated February 16, 2023, and a shareholders’ resolution dated March 10, 2023, and a fresh certificate of incorporation was issued on April 5, 2023, by the RoC.  

P N Gadgil Jewellers is the fastest growing jewellery brand amongst the key organised jewellery players in India. The ‘PNG’ brand derives its legacy from the ‘P N Gadgil’ brand, which has a rich heritage dating back to 1832 and a legacy of over a century. Leveraging the legacy and heritage of the ‘PNG’ brand, the company has created a strong brand recall and presence in Maharashtra offering a wide range of precious metal / jewellery products including gold, silver, platinum and diamond jewellery, across various price points and designs which cover the need of its customers and include collections that are specifically designed for special occasions, such as weddings, engagements, anniversaries and festivals, as well as everyday wear jewellery. Its products are primarily sold under its flagship brand, ‘PNG’, and various sub - brands, through multiple channels, including its retail stores and various online marketplaces, including its website. 

Owing to the company’s multi-channel approach, it complements its in - store experience with its digital presence through its own website and other major online marketplaces. Additionally, it has launched its mobile application ‘PNG Jewellers’, in March 2022. Its digital presence allows it to keep its customers updated on new designs and collections and familiarise them with its product portfolio, which enhances its customers’ in-store experience. It regularly interacts with a team of designers deployed at the Karigars’ facilities for introducing new and innovative design for its jewelleries. Its design team also helps customize jewellery catering to individual requirements in terms of design, size, polish and weight. The manufacturing of all its jewellery is carried out by many experienced and skilled artisans in and outside Maharashtra (Karigars). Its brand presence and stores in Maharashtra has helped it gaining access to, and maintaining a long-standing relationship with, the Karigars, who have been working with the company for several years.

Business area of the company

The company offers a wide range of precious metal/ jewellery products, including gold, silver, platinum and diamond jewellery under its brand name 'PNG' in various price ranges and designs. 

Awards, accreditations, and recognition

• 2016: Received the ‘Times Retail Icon 2017 for International Presence’ award for the financial year 2016-2017 awarded by Optimal Media Solutions, a Times Group Company.
• 2016: Received the ‘Best Electronic Media Campaign Award - GJTCI Excellence Award’, for the financial year 2016 awarded by the Gem and Jewellery Trade Council of India.
• 2017: Received the ‘National Jewellery Award 2017 - Best Traditional Gold Jewellery i.e. Paramparik Jewellery Award 2017’ awarded by GJF and SWAROVSKI Gemstone.
• 2017: Received the ‘IMP - India's Most Preferred Jewellers 2017-18’ award issued by UBM India Private Limited.
• 2018: Received the award for the ‘Most Innovative Marketing Campaign – Radio’ awarded by Retail Jewellers Guild Awards, UBM India Private Limited.
• 2019: Received the award for ‘Best Chain in Retail Stores – International’ awarded by Indian Bullion and Jewellers Association Limited.
• 2019: Received the ‘Best Gold Jewellery Collection 2019 in the Times Retail Icon Category’ award awarded by Optimal Media Solutions. 
• 2021: Received the ‘India's Coolest Store 2021’ award powered by HRD Antwerp, in association with Couture India, a venture by IJ Magazine.
• 2022: Global Digital Marketing Awards for Best Social Media Marketing Campaign for 'Pratha Collection' awarded by the World Digital Marketing Congress, Mumbai.
• 2022: Received ‘The Retail Jewellers Guild awards for the Most Innovative Marketing Campaign - Social Media’ awarded by Informa Markets – Green Lab Diamonds.
• 2022: Received the ‘Maharashtra State Best Employer of the Year Awards 2022’ awarded by Employer Branding Institute India.
• 2022: Received the ‘National Jewellery Award 2022 - Single Store of the Year - West’ awarded by All India Gem and Jewellery Domestic Council India.
• 2023: Received the award for ‘Being Inspiring Leader of Indian Jewellery Retail’ awarded by the All India Gem and Jewellery Domestic Council India.
• 2023: Received the ‘Iconic Retailer of West India Award 2023’ awarded by JewelBuzz.
• 2024: Received the ‘MD & CEO Awards 2024 - Excellence in Leadership Winner in Regional Chain of the Year West - PNG Jewellers’ awarded by Retail Jeweller India Awards 2024.

Major events and milestones

• 2013: Incorporated as P N Gadgil Jewellers Private Limited, as a private limited company under the Companies Act, 1956.
• 2013: Acquired the business of designing, manufacturing, and selling gold, silver, bullion, and jewellery from P N Gadgil Jewellers via a Business Transfer Agreement.
• 2015: Inaugurated the first store of the Company outside Maharashtra at Panaji, Goa.
• 2016: Inaugurated the 10th store of the Company at Ahmednagar, Maharashtra.
• 2016: Inaugurated the 20th store of the Company at Pimpri, Maharashtra.
• 2019: Inaugurated the 30th store of the Company at Vashi, Maharashtra.
• 2022: Launch of the PNG Jewellers mobile application.
• 2023: Engaged Madhuri Dixit Nene as the brand ambassador for various sub-brands launched by the Company.
• 2023: Conversion into a public limited company under the name ‘P N Gadgil Jewellers Limited on April 5, 2023.