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Gargi by P N Gadgil & Sons (PNGS) opens 2nd franchise outlet in Nashik

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With this, the company aims to better cater to Nashik, which it considers an important market

New Delhi: Fashion jewellery brand Gargi by P N Gadgil & Sons (PNGS) has launched its second franchise outlet in Nashik as per a release shared by the company on Monday. With this, the company aims to better cater to Nashik, which it considers an important market the release added.

Gargi is known for fashion jewellery in brass and 92.5 sterling silver. It recently launched its diamond collection.

Speaking about the recent expansion, Aditya Modak, Co-founder of Gargi by PNGS, said, “We’re thrilled to open another franchise outlet in Nashik to strengthen our presence and reach further. This is a great way for us to commence our journey towards another fantastic calendar year, and we have several exciting plans for 2024 that will be unveiled strategically.”

Established in December 2021, Gargi is now present in 14 Shop-in-Shop stores of Shoppers’ Stop outlets across Mumbai, Nashik, and Bangaluru, five exclusive stores in Pune, and two franchise outlets, which include the Nashik franchise outlet and one franchise outlet in Vashi (Mumbai).

PNGS is a publicly listed company with a Rs1000-crore turnover. The company has delivered 1700% returns to its investors in the stock market in 2023, the release added.

Backed by its parent PN Gadgil & Sons, Gargi aims to become a Rs100-crore company in the next two years.

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