Saurabh Gadgil Becomes A Billionaire Following P.N. Gadgil Jewellers’ Successful IPO

After releasing his company’s IPO in September, P.N. Gadgil Jewellers’ Chairman, Saurabh Gadgil, has become a billionaire. His net worth has now reached 1.1 billion dollars. Starting in 1832, the company has become one of India’s most trusted jewellery brands. From a city in Maharashtra, the company has expanded to 39 stores in Maharashtra and Goa. Additionally, they have taken an international step by opening a store in California, USA. Gadgil raised 1100 crore rupees in the IPO. Let’s learn more about the new billionaire of P.N. Gadgil Jewellers.

Who Is Saurabh Gadgil?

Saurabh Gadgil is the Chairman and Managing Director of PNG Jewellers. He completed his Bachelor’s from Brian Maharashtra College of Commerce and enrolled in the MBA program at Symbiosis International University. Saurabh is approximately 47 years old and has been working at PNG Jewellers since the beginning of his career. He has made significant contributions to PNG Jewellers’s development. The company’s headquarters is located in Pune, Maharashtra.

Saurabh is not only a great entrepreneur, but also a national-level chess player. Therefore, he believes in thinking 30 steps ahead in life. He has worked hard throughout his life to achieve big things. Influenced by the company’s futuristic vision, several prominent individuals have purchased jewellery from PNG. Celebrities like Madhuri Dixit, Raveena Tandon, and Salman Khan have become brand ambassadors for the company. Films like ‘Prem Ratan Dhan Payo’ and ‘Bajrangi Bhaijaan’ have also used PNG jewellery in their shoots.

Saurabh’s company, PNG Jewelers, raised 1,100 crore rupees through an IPO. After listing, the company’s share price increased by 162%, prompting the opening of nine new stores within nine days. The company celebrated its success by opening new stores during this Navratri. Not only Saurabh, but his wife Radhika also supports him in the business. PNG Jewelers is now working to expand its operations in states like Madhya Pradesh, Uttar Pradesh, and Bihar, adopting new techniques.

If we talk about the history of PNG Jewelers, Ganesh Gadgil started the company as Purushottam Narayan Gadgil Jewelers. The company primarily worked with gold until 2014. After that, it began establishing a diamond manufacturing unit in Mumbai. After ten years, the company launched its IPO. Experts believe there will be an increase in enthusiasm for purchasing jewellery in the coming times. This growth is mainly attributed to the desire for luxury purchases. The Indian jewellery sector is expected to double by 2028. It is currently 70 billion dollars in 2023 and is estimated to reach 140 billion by 2028. Stay tuned for more information on our website.