This 200-year-old company is making common man rich, Salman Khan, Madhuri Dixit were once face of this company which started business from one room

Salman Khan & Madhuri Dixit were once the face of this one of the oldest brands of India, whose share price has doubled in one week of market debut.

No business becomes big overnight. It requires consistent effort, patience, and time. PN Gadgil Jewellers is a shining example of such growth, rising from ground level beginnings to become a globally recognized brand. Founded nearly 200 years ago, the company has not only earned a name for its unique designs and quality. It has also given substantial wealth to common investors after its recent entry into the stock market through IPO.

PN Gadgil Jewellers Journey

The journey began in 1832 when Ganesh Gadgil started a small jewelry business in a single room in Sangli, Maharashtra. Now Gadgil’s jewelry business has become one of India’s oldest jewelry companies. In 1860, he opened his first showroom, making a mark in the jewelry industry.

As the business grew, Ganesh Gadgil handed over the reins to his three sons. However, only his middle son, Narayan, showed interest in the business. He carried forward the family legacy. In 1874, with the birth of his grandson, Purushottam Gadgil, the business was renamed PN Gadgil Jewellers in his honor. Ganesh passed away in 1890, still the next generation leader took it to the next level.

Salman & Madhuri Face Of PN Gadgil Jewellers 

Over the decades, PN Gadgil Jewellers expanded significantly, known for delivering high-quality and intricately designed jewelry. The company eventually grew beyond Sangli, opening stores in various cities across India and later venturing into international markets, with showrooms in Dubai and the United States.

In 2015, PN Gadgil Jewellers took a bold step to further enhance its brand visibility by enlisting Bollywood superstars Salman Khan and Madhuri Dixit as the faces of the company. This marked the first time Salman Khan became the brand ambassador for a jewelry brand. The advertisement added to the company’s popularity. Madhuri Dixit remains the brand’s ambassador to this day and is expected to continue in this role until 2025.

PN Gadgil Jewellers IPO: Share Price Doubled

This year became a major turning point for the company, as PN Gadgil Jewellers made a historic entry into the stock market. After 192 years of doing business, the company launched its Initial Public Offering (IPO), which closed on September 12th. The shares were listed on September 17th at an opening price of Rs 480. Within just seven days, the company’s share price skyrocketed, reaching Rs 827.40, nearly doubling the investment of its shareholders.

The company’s market capitalization has soared to Rs 11.21 thousand crore, establishing it as a major player in the jewelry industry both in India and abroad.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)