Pune, 05/02/2024: Gargi by P N Gadgil & Sons (PNGS), the prominent publicly listed fashion jewelry brand, has yet again broken new ground by launching its second franchise outlet in Nashik. With this, the company aims to cater to Nashik, an important market, and enhance its customers’ exceptional shopping experience. The company is renowned for its high-quality fashion jewellery in brass and 92.5 sterling silver and the recently launched diamond collection.
Established in December 2021, Gargi has repeatedly achieved new milestones and, towards the end of the calendar year 2023, ended on a high by delivering more than 1700% returns to its investors in the stock market. The company has already surpassed its annual projections despite much time left in the last quarter of FY’24.
Gargi’s incredible run is fuelled by its unique, high-quality products, which add significant value to the users’ persona and dressing style. The company is now present in 14 Shop-in-Shop stores of Shoppers’ Stop outlets across Mumbai, Nashik, and Bangalore, five exclusive stores in Pune, and two franchise outlets, which include the Nashik franchise outlet and one franchise outlet in Vashi (Mumbai). These developments are a part of Gargi’s relentless commitment to providing its customers with an unparalleled shopping experience.
Speaking about the recent expansion, Aditya Modak, Co-founder of Gargi by PNGS, said, “We’re thrilled to open another franchise outlet in Nashik to strengthen our presence and reach further. This latest milestone reflects our commitment to reaching more customers and providing them with our distinctive, high-quality jewellery pieces. This is a great way for us to commence our journey towards another fantastic calendar year, and we have several exciting plans for 2024 that will be unveiled strategically.”
Named after the ancient Indian female scholar from the Ramayana era, Gargi symbolizes beauty, honesty, style, fearlessness, and scholarship. Leveraging the expertise of the iconic P N Gadgil & Sons brand, with an annual turnover of over rupees 10,000 crores, Gargi continues to maintain exceptional operational standards, deep customer understanding, and product quality.
Gargi’s success has significantly influenced the Indian fashion jewellery industry, bringing innovation and quality to the forefront. With a strong focus on growth, Gargi aims to achieve a remarkable milestone of becoming a 100-crore company within the next two years. The brand’s unwavering commitment to excellence and its ambitious expansion plan underscore its determination to set new benchmarks within the retail sector.