The new stores were inaugurated in Patna and Mumbai’s Kurla, as the brand expands its nationwide presence
Pune: Gargi by P N Gadgil & Sons, one of India’s fastest-growing silver jewellery firms, opened its 100th store recently, reaching a big milestone in its growth journey. The company’s latest stores are located in Patna and Mumbai’s Kurla.
This milestone comes after the company had a great financial quarter, with revenue rising 20.4% to Rs 27.31 crore and net profit rising 29.3% to Rs 5.31 crore in Q1 FY26. Gargi started three years ago, with the goal of building a unique fashion jewellery company. Since then, it has grown tremendously, with a footprint that spans all of India, from metros Tier II and Tier III markets
Aditya Modak, Co-founder and CEO of PNGS Gargi Fashion Jewellery Ltd., remarked, “This journey has been nothing short of amazing, from one dream to 100 stores. We had a plan and a clear goal three years ago, but we knew that the only thing we could count on was that things would change. Today, establishing our 100th store feels like getting a hundred points.”
Gargi’s rapid growth shows that it is dedicated to making high-quality silver jewellery available in a wide range of marketplaces. The company has grown quickly and remained profitable since it has no debt and a strong financial base. It also thrived on timely marketing campaigns that worked.
“Targets never felt like targets at Gargi; they were personal milestones,” Modak said. “Our teams didn’t just work together; they became a family that cared about every step of this trip. For all Gargians who worked for us, reaching our 100th store is a personal accomplishment since they weren’t just employees; they were dreamers who wanted to make Gargi their own.”
Modak said all the new stores were inaugurated “with the help of a Gargi”. “She was either a team member or a family member, like the wife of a Gargi employee. This is a unique example of family culture. Even though the company invited important guests to the ceremonies, it stayed true to its core values by having a true representation of Gargi open the stores. This showed the deep emotional connection and sense of ownership that are hallmarks of the Gargi culture,” he added.
The Gargi family’s hard work, from employees and customers to investors and well-wishers who believed in the brand’s vision, led to the company’s success, acknowledged Modak. “The road hasn’t been smooth; it’s been a roller-coaster of ups and downs. But like a good game of sport, it’s our team’s collective spirit and determination that turned problems into chances,” Modak said.
Gargi sees the 100-store milestone as the start of something even bigger. The company plans to issue 1,12,500 shares at Rs 970 per share to pay for more marketing costs and speed up retail growth across the country.
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