Gargi by P N Gadgil & Sons, one of India’s fastest-growing fashion jewellery firms, opened its 100th store, a big step forward in its growth. The company opened two new stores this month in important cities like Patna and Kurla (Mumbai)
Financial Performance
This milestone comes after the company had a great financial quarter, with revenue rising 20.4% to ₹27.31 crore and net profit rising 29.3% to ₹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 big cities to little towns, from north to south and east to west.
CEO Statement
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.”
Growth Strategy
Gargi’s rapid growth shows that she is dedicated to making high-quality fashion jewellery available in a wide range of marketplaces. The company’s growth plan has concentrated on making a strong local presence while keeping the same high quality and design standards that have made customers happy across the country. The company has grown quickly and remained profitable since it has no debt and a strong financial base.
Team Culture
“Targets never felt like targets at Gargi; they were personal milestones,” Mr. 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.”
Store Opening Tradition
This month, all our new stores debuted 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.
Key Highlights:
• 100 stores opened within three years of starting operations
• Strong performance in Q1 FY26: revenue grew by 20.4% to ₹27.31 crore and profit grew by 29.3% to ₹5.31 crore
• Two new stores opened in August 2025 in Patna and Kurla (Mumbai).
• A presence across the country, from metro areas to tier-2 and tier-3 markets
• Coverage across the whole country, from north to south and east to west • A debt-free financial position that sets the stage for future growth
• A wide range of products, with more than 15,000 SKUs at different price points
• Marketing campaigns that worked: The recent Monsoon campaign got 35% more people to respond.
Team Spirit
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. “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,” said Mr. Modak.
Future Plans
Gargi sees the 100-store milestone not as the end of something, but as the start of something even bigger. The company wants to develop even more; therefore, it plans to issue 1,12,500 shares at ₹970 per share to pay for more marketing costs and speed up retail growth across the country. The company is still working on growing its business and becoming a more trusted name in fashion jewellery across India.
About PNGS Gargi Fashion Jewellery Ltd.
PNG Gargi Fashion Jewellery Ltd is one of India’s top fashion jewellery firms. It is known for its modern designs, high-quality craftsmanship, and accessible luxury positioning. Gargi has a strong retail presence across the country, with 100 stores; its goal is to make beautiful fashion jewellery available in all markets. The company has over 15,000 SKUs and caters to style-conscious customers. It is still a trusted and popular brand in the inexpensive fashion jewellery market.
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