Last updated : March 26, 2025 5:54 pm
The company, which is focused on expanding across tier 2 and 3 cities, takes its store count to 12 with the new store launches.
Jewellery retailer Gargi by P N Gadgil & Sons (PNGS), says it has concluded the year on a high note with the launch of two new stores in Aurangabad and Indore. With this, the brand now has 12 exclusive outlets across the country, a count reached in less than three years of its retail journey.
The company says the new stores, strategically located in vibrant retail, are part of Gargi’s larger franchise-driven expansion model that focuses on capturing the growing demand for accessible, high-quality fashion jewellery in Tier 2 and 3 cities. The store in Aurangabad, for instance, is located in Prozone Mall, while the one in Indore is situated at Citadel Mall. Speaking about this, Aditya Modak, Co-founder of Gargi by PNGS, said, “For us, growth is not just about numbers, but about resonance. When we see women, men, and even children across cities connect with our designs, we know we are doing something right. Aurangabad and Indore are not just new locations; they are new conversations, inspirations, and relationships. That is what truly excites us.”
Gargi began the year with its store in Delhi’s Kapil Vihar, Pitampura, and went on to strengthen its presence in Maharashtra through launches in Pimple Saudagar and now Aurangabad,
The company says the year also marked a significant growth in the brand’s financial ambitions, “Gargi crossed a market capitalization of ₹1,500 crore and remains firmly on track to meet its ₹100 crore revenue target by March 2025. The franchise model continues to power this journey by enabling local entrepreneurs to co-create success under the guidance of PNGS—a name that commands trust with its ₹8,500+ crore annual turnover.”