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P. N. Gadgil Jewellers

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P. N. Gadgil Jewellers
Private
ISIN🆔
IndustryJewellery
Founded 📆29 November 1832; 188 years ago (1832-11-29)
Founder 👔Ganesh Gadgil
Area served 🗺️
Members
Number of employees
Subsidiaries
  • P. N. Gadgil Jewellers & Sons (est. 1832) in Sangli
  • P. N. Gadgil Jewellers & Company (est. 1958)
in Pune
🌐 Website[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] 
📇 Address
📞 telephone

Purshottam Narayan Gadgil Jewellers is an Indian jewellery corporation. The company was founded by Ganesh Gadgil in 1832 in Sangli, Maharashtra.[1]

Ganesh Gadgil (1815–c.1890), a member of the Gadgil gharana of Dongare–Kondhe, first set up a jewellery business in Sangli on November 29, 1832, renaming it Gadgil Jewellers & Sons after his children were born in the 1850s. The jewellery business was firmly established in Sangli by 1860. After the birth of his eldest grandson in 1874, Gadgil changed the name again to P. N. Gadgil Jewellers & Sons,[2] believing that his grandson's name, Purshottam, would bring good luck.[1]

After Gadgil's death, the company was managed by his sons and grandsons, until the death of his son Narayan Gadgil in 1920. The company was later expanded by Purshottam and his two brothers. After Anant Gadgil set up a branch of the company in Pune in 1958, the two companies continued to function as a single coproration,[3] until they formally split in 2012.[4]

Since the death of his grandfather Anant in 2014,[5] Saurabh Gadgil now serves as the managing director for the Pune branch.[1] Since 2015, the Pune branch of the company has outlets in the United States and the United Arab Emirates,[6] using a franchising model to extend operations.[7] The Pune branch has become associated with several Bollywood celebrities, such as Salman Khan and Madhuri Dixit.[8] and has attracted controversy after being duped by potential franchise partners.[9]

In 2018, the company based in Sangli planned to file for an IPO,[10] and in 2019, it was the victim of cybercrime.[11]

References[edit]

  1. 1.0 1.1 1.2 Deshpande, Renuka (11 September 2011). "Gadgil Jewellers 179-year-old journey from footpath to international showrooms". DNA.
  2. Joshi, Parshuram Kamlakar (1989). Gadgil Kulavruttanta [The Gadgil Family Genealogy Almanac] (in मराठी). Pune. pp. 85–95. Search this book on Amazon.com Logo.png
  3. Joshi, Parshuram Kamlakar (1989). Gadgil Kulavruttanta [The Gadgil Family Genealogy Almanac] (in मराठी). Pune. pp. 95–97. Search this book on Amazon.com Logo.png
  4. "PNG & Sons: A gem among luxury jewellers". The Economic Times. February 26, 2021.
  5. "P N Gadgil Jewellers founder 'Dajikaka' dead". The Indian Express. 11 January 2014.
  6. "P N Gadgil Jewellers expands business". Business Standard. 11 January 2015.
  7. "PNG Jewellers get into franchise mode". The Times of India. July 26, 2018.
  8. Ghosal, Sutanuka (February 14, 2015). "PN Gadgil Jewellers rope in Salman Khan, Madhuri Dixit for global endorsements". The Economic Times.
  9. "Pune: Director of PNG Jewellers duped of Rs 1.6 crore, say cops". The Indian Express. 20 January 2021.
  10. Susmit, Sneh (3 May 2018). "P.N. Gadgil & Sons to file for Rs500 crore IPO". Mint.
  11. Bende, Anurag (December 6, 2019). "PN Gadgil and Sons loses Rs 2.98 cr in hack attack". Pune Mirror.

External links[edit]


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Category:Indian brands Category:Companies established in 1832 Category:Companies based in Pune Category:Companies based in Maharashtra Category:Retail companies established in 1832



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