Pune, India – June 9, 2026 — Gargi by PNGS, the fashion jewelry brand from the esteemed house of P N Gadgil & Sons, has announced the launch of two new kiosks in Kolkata and Ghaziabad, further strengthening its footprint across North and East India. The new retail locations, inaugurated in May 2026, reflect the brand’s continued focus on expanding into high-potential markets with strong consumer affinity for jewelry and lifestyle-driven fashion accessories.
The latest additions are located at City Center II in New Town, Kolkata, and North India Mall in Ghaziabad’s Indirapuram district. These openings form part of Gargi’s broader growth strategy for FY27 and reinforce its commitment to building deeper market penetration through region-focused expansion.
Strengthening Presence in Eastern India
The New Town kiosk marks the organization as the second retail destination in Kolkata, following the successful launch of its Salt Lake outlet earlier this year. This expansion shows consumer acceptance of the brand in Eastern India, a region where jewelry remains an important part of culture and lifestyle.
Situated within City Centre II, one of New Town’s most prominent shopping and lifestyle destinations, the new kiosk is designed to cater to a growing audience seeking contemporary jewelry that blends style, affordability, and everyday wearability.
Expanding the NCR Retail Network
The launch in Ghaziabad further consolidates Gargi’s presence within the National Capital Region (NCR), one of India’s largest organized jewelry markets. Located at North India Mall in Vaibhav Khand, Indirapuram, the kiosk serves a dynamic consumer base comprising young professionals, modern families, and aspirational shoppers.
The addition complements Gargi’s existing presence in Delhi and surrounding markets, creating stronger regional visibility while enhancing operational efficiencies through a concentrated retail network.
Commenting on the expansion, Aditya Modak, Co-Founder of Gargi by PNGS, said:
“North and East India have always played a pivotal role in India’s jewelry landscape. These new kiosks represent our commitment to serving customers in markets where jewelry is deeply woven into culture and everyday life. While Ghaziabad strengthens our presence in the NCR, our second location in Kolkata reinforces the growing response we are seeing from consumers in Eastern India.”
He added:
“What makes this growth especially meaningful is that it has been achieved through a self-funded model supported by a zero-debt balance sheet. As we continue our expansion journey with plans for 20 additional stores in FY27, our focus remains on building lasting customer relationships and creating meaningful retail experiences rather than simply increasing store count.”
Building on a Strong Growth Trajectory
The latest store launches build upon a milestone year for Gargi by PNGS. During FY26, the company reported revenue of ₹149.47 crore, representing nearly 49 percent year-on-year growth. Over the course of the year, the brand added 32 new stores, expanding its retail presence to 126 points of sale across 65 cities and 21 states.
Operating with a debt-free balance sheet, Gargi has funded its expansion entirely through internal accruals, reflecting a disciplined and sustainable approach to growth in a highly competitive retail environment.
Looking ahead, the company plans to open 20 additional stores during FY27 while targeting a revenue CAGR of approximately 35 percent. The current expansion strategy prioritises building strong regional clusters in high-opportunity markets to maximize brand visibility, customer engagement, and operational effectiveness.
New Store Locations
Kolkata – New Town
Ground Floor, M Block, City Centre II, Noapara, Action Area-IID, New Town, Kolkata – 700157
Ghaziabad
Ground Floor, North India Mall, Vaibhav Khand, Indirapuram Scheme, Ghaziabad, Uttar Pradesh – 201014
About Gargi by PNGS
Gargi by P N Gadgil & Sons is a publicly listed fashion jewelry brand (BSE: GARGI) backed by the legacy of P N Gadgil & Sons, one of India’s most respected jewelry houses established in 1832.
The brand offers an extensive portfolio of 925-certified sterling silver jewelry, 14KT natural diamond jewelry, and 9KT gold collections designed for modern consumers seeking contemporary and versatile jewelry solutions. Gargi operates through a diversified retail network that includes exclusive brand outlets, franchise stores, kiosks, and shop-in-shop formats across 65 cities and 21 states in India.
Since its inception, the company has maintained profitability in every quarter while continuing to expand its presence through customer-centric innovation, strong design capabilities, and a disciplined growth strategy.
Media Contact
Glocal Brand Solutions
Aarya Raut
+91 84848 09115
Brand Information
Website: https://www.gargi.shop/
Instagram: https://www.instagram.com/gargibypng/
LinkedIn: https://www.linkedin.com/company/gargibypng/
