For several years now, customers of revered jewellery retail chain PN Gadgil have been demanding the opening of a store at Thane, one of the strongest households in the Mumbai suburban area.
Heeding to their love for the brand, the company has opened a store at Gokhale road in the neighbourhood.
Aditya Modak, COO and CFO of PNGS, said, “P N Gadgil & Sons has always been more than a jewellery brand—it is a legacy of trust, built over generations.
Our customers in Thane have been a part of this journey, and it is truly gratifying to bring our heritage of purity and excellence closer to them.
We invite everyone to visit our showroom and experience the tradition of fine craftsmanship and impeccable service that defines PNGS.”
Blending timeless tradition with contemporary elegance, the showroom showcases superior craftsmanship and trendsetting pieces that reflect PNGS’s dedication to excellence.
Editor’s Note
India’s eponymous jewellery retailers are now on a massive expansion spree, thanks to higher disposable incomes and gold continuing to be the best bet for most Indian households.
Gold prices have doubled the fastest over the last 5.5 years and with prevailing global conditions, especially after the new Government’s tariffs in the USA, gold prices are only expected to go up further.
Traditional retail chains like PNGS have realised the potential of expansion and by leveraging their trust from consumers, bankers and investors, several of them are on an expansion spree.
PN Gadgil currently operates 30 stores across 3 states and 23 cities India and reported revenues of INR 6,109 Cr for FY 24-25, a 36% growth over the same period in the previous year.