In a recent development that underscores its burgeoning presence in the Indian fashion jewelry sector, Gargi by P N Gadgil & Sons (PNGS) has launched a new franchise outlet in Nashik. This strategic move not only solidifies Gargi's footprint in the key market of Nashik but also aims to elevate the shopping experience of its customers to new heights.
Gargi, established in December 2021, has been a revelation in the jewelry industry. By the end of 2023, the brand had delivered an astounding 1700% return to its investors, a clear indicator of its burgeoning popularity and business acumen. The company has surpassed its annual projections for the financial year 2024, marking yet another achievement in its impressive growth trajectory.
The brand's success is attributed to its unique and high-quality fashion jewelry offerings, including brass and 92.5 sterling silver pieces, along with a recently introduced diamond collection. These products are not just accessories but are seen as adding significant value to the users’ persona and dressing style.
Gargi’s presence is now notable in 14 Shop-in-Shop stores of Shoppers’ Stop across Mumbai, Nashik, and Bangalore. Additionally, it boasts five exclusive stores in Pune and two franchise outlets, including the newly inaugurated one in Nashik and another in Vashi, Mumbai.
Aditya Modak, Co-founder of Gargi by PNGS, expressed enthusiasm about the expansion, stating, "We're thrilled to open another franchise outlet in Nashik to strengthen our presence and reach further. This milestone reflects our commitment to reaching more customers with our distinctive, high-quality jewellery pieces and marks the beginning of another fantastic calendar year filled with exciting plans for 2024."
Named after the revered ancient Indian female scholar from the Ramayana era, Gargi symbolizes a blend of beauty, honesty, style, fearlessness, and scholarship. Leveraging the expertise of the iconic P N Gadgil & Sons brand, which boasts an annual turnover of over rupees 10,000 crores, Gargi maintains exceptional operational standards and a deep understanding of customer needs.
The company's remarkable success has had a profound impact on the Indian fashion jewellery industry, bringing innovation and quality to the forefront. With a steadfast focus on growth, Gargi aims to achieve the remarkable milestone of becoming a 100-crore company within the next two years. This ambition, coupled with an unwavering commitment to excellence, highlights Gargi's determination to set new benchmarks within the retail sector.
