With a legacy spanning 180 years, Pune based PN Gadgil Jewellers is one of the oldest retail chains in India.
The family-run business is a household name for several thousand Indian families and remains an aspirational point of purchase for millions ti buy their first ounce of gold.
The chain has opened its 50th store at Satara in Maharashtra. The brand counts popular Bollywood actress Madhuri Dixit as its brand ambassador.
Dr. Saurabh Gadgil, Chairman and Managing Director shared on his Linkedin profile, “This journey started with very humble beginnings in 1832.
Today, as we stand tall on this milestone, I look back on the journey of our family, from Sangli to the world. Our family has grown over the last 20 decades with over 2000 strong team and over 30 lakh customers!”
P. N. Gadgil and Sons has been ranked 280 in the Fortune 500 India list of companies for 2024 and reported revenues of INR 6,119 Cr for FY 23-24.
Editor’s Note
Small and family run jewellers are rapidly expanding into Tier 2/3/4 towns even as gold prices are spiralling by the day.
Gold remains the most trusted investment for a majority of middle-class Indians, with the price of a gram of gold almost doubling over the last 6-7 years.
The liquidity of the yellow metal to meet various family needs, including medical emergency, higher education, weddings and other family occasions are some of the key reasons why most aspiring Indians stock up on gold.
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