With nearly two centuries of history, PNG Jewellers is embracing change while staying rooted in tradition. Saurabh V. Gadgil, Chairman and Managing Director, says the company’s recent expansion and digital push reflect a commitment to both legacy craftsmanship and evolving consumer needs.
What’s Happening:
-
IPOFueled Growth: PNG’s recent public listing has helped accelerate its store expansion, surpassing its twoyear goal in just six months.
-
Revenue & Profit Surge: The company saw a 5.1% increase in revenue, while profit jumped 75% to ₹4.11 crore, driven by a boost in retail and online sales.
-
A New Brand for Younger Shoppers: PNG is launching a fresh, trendfocused jewelry line, blending modern designs with traditional craftsmanship to appeal to younger buyers.
-
Personalized Approach: Gadgil says PNG remains India’s only organized family jeweler, combining personal service with datadriven insights to enhance customer experience.
-
International Ambitions: The company is looking beyond India, leveraging its heritage and innovation to grow globally.
By staying true to its roots while evolving with the times, PNG Jewellers is carving out a strong position in the industry and keeping an eye on future opportunities.
Sources: Business World, Economic Times