India Jewellry 6th Generation Family & Chairman of P.N. Gadgil Jewellers Saurabh Gadgil Becomes Billionaire with $1.1 Billion Fortune, Gadgil Jewellry Business was Founded in 1832 by Ganesh Gadgil, Business is Split into 2 Separate Businesses with P.N. Gadgil Jewellers Led by Chairman Saurabh Gadgil and P. N. Gadgil & Sons Led by Govind Gadgil
19th October 2024 | Hong Kong
India jewellry 6th generation family & Chairman of P.N. Gadgil Jewellers Saurabh Gadgil has become a billionaire with $1.1 billion personal fortune. PNG Jewellers IPO in India in 2024 September. The Gadgil family jewellry business was founded in 1832 by Ganesh Gadgil. The business is split into 2 separate businesses with P.N. Gadgil Jewellers led by Chairman Saurabh Gadgil and P. N. Gadgil & Sons led by Govind Gadgil.
“ India Jewellry 6th Generation Family & Chairman of P.N. Gadgil Jewellers Saurabh Gadgil Becomes Billionaire with $1.1 Billion Fortune, Gadgil Jewellry Business was Founded in 1832 by Ganesh Gadgil, Business is Split into 2 Separate Businesses with P.N. Gadgil Jewellers Led by Chairman Saurabh Gadgil and P. N. Gadgil & Sons Led by Govind Gadgil “
1) PNG Jewellers – From a single store in a small town to a chain of stores with a global footprint, the journey of PNG Jewellers is truly fascinating. It all started way back in the 18th century; the group got its name from the late Purshottam Narayan Gadgil, a doyen of the family and the chief architect who captured the hearts and imagination of the people with his ethics and his jewellery. The past two centuries have taught us that specific values like trust, commitment, and purity are far more precious than any jewel known to humankind. At PNG Jewellers, we constantly strive to honor these values by integrating them into our lives and creating a tradition remembered for ages to come.
Saurabh Gadgil, Chairman and Managing Director – Creatively blending the age-old tradition with technology in a surging and booming Indian economy, the dynamic scion of the powerful, established business house, Saurabh Vidyadhar Gadgil, holds the spirit and modern vision for PNG Jewellers. A sixth-generation successor of the distinguished Gadgil family – pioneers in Maharashtra’s gold and jewellery industry, Saurabh has been instrumental in transforming the image of PNG Jewellers into a professionally run corporate entity with global ambitions. An ardent sports enthusiast, he has been a champion in many chess competitions and is good enough to finish second in the national championship. Besides being a movie and travel buff, Saurabh is a passionate, voracious reader with eclectic tastes. From a single traditional store to a rapidly growing chain of outlets today, PNG Jewellers today boasts of 35 swanky classy stores across India, U.S.A & Dubai. Remarkably, over 1000 employees and 500 craftsmen are under its umbrella. Over the years, the business diversified under his ever-advancing intellect and flourished through Gadgil Holdings Pvt Ltd, established in 2008.
2) P. N. Gadgil & Sons Ltd. is one of the oldest and most reputed Jewellers in Maharashtra. It has a legacy of over six generations that is built on trust, excellence and a warm relationship with the customers and the society. Apart from purity and transparency, P. N. Gadgil & Sons Ltd. is known for excellence in craftsmanship. For P. N. Gadgil & Sons Ltd. all customers are equal irrespective of purchase. Our focus on innovation and on changing with the times has kept us at the forefront of jewellery retail sector in Maharashtra. P. N. Gadgil & Sons Ltd. is pioneer in bringing new jewellery trends in Maharashtra and have introduced Temple Motifs, Contemporary Jewellery designs. To connect with changing aspirations of customers P. N. Gadgil & Sons Ltd. have also introduced Light Weight, Daily Wear and Designer Collections. To reach out to the Indian and Global customers P. N. Gadgil & Sons Ltd. has an E-Commerce onlinepng.com platform which is secured and trusted. Apart from business, P. N. Gadgil & Sons ltd. is known for Art Initiative platform. Under P. N. Gadgil & Sons Ltd. Art Initiative we have setup art galleries at various showrooms to promote art and budding artists. Hundreds of artists have been benefited through this platform. We also bring heritage art and legend artists art for common people. To keep our Heritage Art alive, P. N. Gadgil & Sons Art Initiative runs special revival project. For instance, Kinnal craft is being practiced in the Kinnal village located about 20 km from Koppal district in Karnataka. The craft is primarily used to make religious idols and murals for temples apart from other toys like animals, fruits and vegetables. Since this Heritage Art form was on the verge of dying, Mr. Ajit Gadgil with his love for Art started Kinnal Art Revival Project and under this project, we have trained 6 local Kinnal Artists of Sawantwadi to practice this art form. Apart from Art initiative, P. N. Gadgil & Sons Ltd. does community connects programs such as blood donation, education support, medical checkups etc. We support under privileged students for their educational needs. Under the ongoing clean and green program we have done tree saplings across the 3 states namely Maharashtra, Karnataka, and Gujarat. Today, P. N. Gadgil & Sons Ltd. is present in 3 States, 23 Cities with 30 Showrooms and achieved the milestone of More than 1 Million Satisfied Customers across the Globe and the number is growing.
P. N. Gadgil & Sons Ltd History – It was in the early 19th century, when Gadgil family decided to move for a better future, from a small village called Trimbak in Malvan Tehsil in the south Konkan of Maharashtra to Sangli. The family head Mr. Narayanrao Vasudeorao Gadgil continued with his business of selling towels, which by then had acquired a brand-like status, called famously as “Gadgili Panche”. His son Ganesh learned jewellery business under the guidance of Mr. Modak, a family of jewellers with roots in Konkan. After getting that hands-on experience, Ganesh decided to start his own jewellery business in Sangli. On November 29,1832, he started the business with the name “Ganesh Narayan Gadgil”. As years passed, Gadgil’s jewellery business started flourishing in Sangli. Two generations later, Gadgil family named this business as ‘Purshottam Narayan Gadgil’—after the then family head—which is now a well-known jewellery retail brand. The jewellery business was limited to Sangli, until 1957, around almost 125 years of its establishment. The vision of fourth generation of Gadgil family, namely Vishwanath Gadgil (Father of Govind alias Ajit Gadgil), Laxman alias Nanasaheb Gadgil (Grandfather of Akshay & Rohan Gadgil) and Anant Gadgil (Father of Vidyadhar Gadgil) was different. The trio decided to take this legacy outside their hometown Sangli, and moved to Pune in 1958 and opened the first showroom on the Laxmi Road. It was a courageous decision at that time, as the traditional Jewellery market was limited to the Sonya Maruti Chowk area, in the Raviwar Peth of Pune. With the Trust, Transparent Policies, Splendid Craftsmanship and Good Service paved the success to Purshottam Narayan Gadgil (PNG) in Pune. Today Purshottam Narayan Gadgil (PNG) is successful brand in the Jewellery Industry and is carrying its legacy since 1832. In 2012 Purshottam Narayan Gadgil & Company demerged and P. N. Gadgil & Sons was formed by Mr. Govind Gadgil & Dr. Renu Gadgil. In November 2017 P. N. Gadgil & Sons became Limited Company. The first day business page of year 1832 (Account) is preserved with Gadgil family.
Dajikaka Gadgil, Founder – A man of society and the godfather of the jewellers association in the State of Maharashtra, Shri Dajikaka Gadgil, has been a blessed persona for the new-age entrepreneurs and associates of this field. Born in Sangli on the 11th of Sept 1915, Shri Dajikaka has been known for his relentless efforts and dedication for the last 75 years to his ancestral business initiated by his great grandfather Shri Ganesh Narayan Gadgil in the year 1832. Since 1935, Shri Dajikaka has been zealously looking into the firm establishment and expansion of the family business. Even at 97, he made it a point to visit at least one of the PNG Jewellers branches as a routine and continued to lead the business as a mentor and guide. The succeeding generations are following in his footsteps to take the business forward, with a chain of beautiful jewellery stores with a reputation for quality and service, which is now poised to spread overseas. Dajikaka has ably carried forward the tradition of trust that is the hallmark of his business who stuck to the tenets of honesty in dealings, thought, and deed. Think Pure was the ruling principle he lived by.
Mr. Govind V. Gadgil – Mr. Govind V. Gadgil who is the promoter and founder of P. N. Gadgil & Sons Ltd. has more than four decades of experience in jewellery business and he is carries the legacy of six generations of P. N. Gadgil. In his initial career, he was involved in gold buying, vendor management & quality control. He has introduced Temple Jewellery in Maharashtra in late 2000 and it became a regular collection in the jewellery industry in Maharashtra. He introduced many collections such as Warli, Temple, Colorful Mangalsutra etc for the first time in Maharashtra. He always thrust on quality products, transparent policy and good service to customers. He feels, customers are the real Brand Ambassadors and we should treat them as a special person. He also introduced the Core Team Culture at company and appointed Industry Veterans as respective department heads. Today, company is functioning under the leadership of Mr. Amit Modak. He is Director and Chief Executive Office-CEO of the company.
India Jewellry 6th Generation Family & Chairman of P.N. Gadgil Jewellers Saurabh Gadgil Becomes Billionaire with $1.1 Billion Fortune, Gadgil Jewellry Business was Founded in 1832 by Ganesh Gadgil, Business is Split into 2 Separate Businesses with P.N. Gadgil Jewellers Led by Chairman Saurabh Gadgil and P. N. Gadgil & Sons Led by Govind Gadgil
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
