Mumbai, April 28th 2026: Gargi by P N Gadgil & Sons (PNGS), one of India’s fastest-growing fashion jewellery brands, has added four new points of sale this April — an exclusive brand outlet in Salt Lake, Kolkata; a kiosk in Gwalior; a store in Amravati; and a kiosk in New Delhi. The four launches, spread across West Bengal, Madhya Pradesh, Maharashtra, and the National Capital Territory of Delhi, reflect the brand’s deliberate strategy of reaching aspirational consumers in high-potential urban markets that are still underserved by organised fashion jewellery retail.
The Salt Lake outlet brings Gargi to one of Kolkata’s most upscale planned townships — a market characterised by a strong, fashion-aware professional and residential demographic. The Gwalior kiosk extends the brand’s presence in Madhya Pradesh, a state where consumer appetite for branded, accessible fine jewellery has been growing steadily. The Amravati store deepens Gargi’s already strong footing within Maharashtra, reinforcing its position as the go-to fashion jewellery destination in the state’s Vidarbha region. And the New Delhi kiosk — positioned at Pacific Mall, Netaji Subhash Place — marks the brand’s entry into the capital, tapping into one of India’s highest-density retail corridors anchored by a key Metro interchange.
NEW STORE DETAILS — APRIL 2026
- Salt Lake, Kolkata (Exclusive Brand Outlet): Mall of City Centre Salt Lake, DC Block, Bidhannagar, Kolkata – 700064
- Gwalior (Kiosk — 26th April): Unit No. G-33, Ground Floor, DB Mall Gwalior, Khasra No. 520, 521, 524, 528, 529, Opposite Railway Station, Race Course Road, Gwalior, Madhya Pradesh – 474001
- Amravati (Store): Unit No. B-105, Ground Floor, Tapadia City Centre, Survey No. 15/2, Mouje Saturna, Gopal Nagar Square, Opp. Khandelwal Lawns, Amravati, Maharashtra – 444607
- New Delhi (Kiosk): Unit No. IKGF03 & IKGF04, Ground Floor, Pacific Mall, Netaji Subhash Place (Pink Line), MRTS Station, DMRC Phase – III Corridor, New Delhi – 110034
The April launches are part of a wider expansion wave that has seen Gargi rapidly extend its footprint beyond its Maharashtra home base into new geographies. The brand closed FY26 with 126 points of sale across 65 cities and 21 states — a network built on a mix of Exclusive Brand Outlets, Shop-in-Shop formats, and Franchise stores. With FY27 bringing a target of 20 new store openings, the pace of rollout is only increasing.
What makes the current expansion distinctive is the brand’s deliberate calibration of store format to market context. In prime metro-adjacent catchments like Salt Lake, Gargi deploys full-format EBOs that allow for complete brand expression. In high-footfall commercial hubs and malls in mid-sized cities like Gwalior, and at high-transit metro nodes like Netaji Subhash Place in New Delhi, kiosks offer a capital-efficient entry point that builds consumer familiarity before larger investments follow. The Amravati store continues Gargi’s pattern of deepening its presence in Maharashtra’s interior markets, where brand recognition from the PNGS legacy translates directly into consumer trust in Gargi.
MANAGEMENT COMMENT
“Every city we enter teaches us something new about how Indian consumers relate to jewellery. Kolkata brings a sophisticated, trend-aware buyer. Gwalior represents the aspirational tier-2 market that is now firmly on the radar of organised retail. Amravati is home ground — a market that trusts the PNGS name and is embracing Gargi as its own. And New Delhi is a statement — our first footprint at one of its most connected retail nodes. These four stores are not just about adding numbers to our count. They are about building a brand that feels genuinely local wherever it goes. With 20 new stores planned for FY27 and a strong balance sheet to back it, we are in a strong position to keep this momentum going.”
— Aditya Modak, Co-founder, PNGS Gargi Fashion Jewellery Limited
ABOUT PNGS GARGI FASHION JEWELLERY LIMITED
PNGS Gargi Fashion Jewellery Limited (CIN: L36100PN2009PLC133691; BSE: GARGI) is a focused fashion jewellery retail company backed by the 192+ year legacy of the P. N. Gadgil & Sons Group. The Company operates 126+ points of sale across 65+ cities and 21 states, comprising a mix of Exclusive Brand Outlets, Shop-in-Shop formats, and Franchise stores, with a strong core in Maharashtra and a fast-growing pan-India presence. Its portfolio spans 925 sterling silver jewellery, 9, 12 & 14KT natural diamond jewellery and plain gold jewellery. Their fashion jewellery and gifting products are all designed for everyday wear with a contemporary aesthetic. Gargi targets a revenue CAGR of approximately 35% over the next couple of years and operates on a zero-debt balance sheet.
