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Saurabh V. Gadgil

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Saurabh V. Gadgil
Born1976 or 1977 (age 47–48)
Pune, Maharashtra, India
EducationMaster of Business Administration (MBA)
Doctor of Philosophy (PhD)
Alma materSymbiosis Institute of International Business
University of Texas at Austin
OccupationEntrepreneur
TitleManaging Director and Chairman, PNG Jewellers
SpouseRadhika Gadgil
Children2
FatherVidyadhar Gadgil
RelativesAnant Gadgil (grandson)

Saurabh V. Gadgil[1] (born 1976 or 1977[2]) is an Indian entrepreneur who serves as the Managing Director and Chairman of PNG Jewellers,[3][4] a jewellery company established in 1832. He is the grandson of Anant Gadgil,[5] the founder of P N Gadgil Jewellers, also known as Dajikaka.[6] Gadgil is also a Director and National Vice President of the India Bullion & Jewellers Association Ltd. (IBJA).[7]

Early life

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Saurabh was born in Pune, Maharashtra,[8] into the family of jeweler-businessman Vidyadhar Gadgil.[9] His grandfather, Dajikaka, started the Pune branch of P N Gadgil Jewellers in 1958.[10] Saurabh completed his BCom degree in 1998 from Brihan Maharashtra College of Commerce (BMCC) in Pune and later pursued a Ph.D. in Mechanical Engineering at the University of Texas at Austin. He obtained his MBA from Symbiosis Institute of International Business (SIIB) and interned at the Reserve Bank of India, where he studied the gold market.[9] Gadgil is also a chess player and has competed in several state-level tournaments.[11][12] In 2000, he married Radhika Gadgil, and the couple has two children.[13]

Career

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Saurabh joined PNG Jewellers in 1998.[14][15] He expanded the business by opening stores in Pune, Nashik, Kolhapur, the UAE, and the United States.[16] Following the death of his grandfather Dajikaka in 2014, Saurabh opened additional stores.[17][18] Under his leadership, the company collaborated with actor Salman Khan and featured its designs in Bollywood films, including Prem Ratan Dhan Payo,[19] Bajrangi Bhaijaan,[20] and Dilwale. The company also launched the TIMELESS Collection by Madhuri Dixit[21] and opened a boutique store at the JW Marriott in Pune.[22] Saurabh became the Director of Style Quotient Jewellery. In 2015, he opened a P N Gadgil store in Fremont, California, in partnership with actress Preity Zinta.[23] On September 30, 2016, the Being Human brand, founded by Salman Khan, introduced Being Human Jewellery in collaboration with P N Gadgil. SQJPL, a sister company of PNG Jewellers, holds the global license for Being Human Jewellery and released the Bajrangi Bhaijaan pendant featured in the film.[24]

In 2015, he was appointed Vice President for the West Zone of the India Bullion & Jewellers Association Ltd.[25] As of 2024, PNG operates 39 retail outlets in Maharashtra, with 28 owned stores and 11 franchisee outlets.[26][27] Under his leadership, PNG Jewellers launched an initial public offering (IPO) in September 2024.[28][29] Shortly after the IPO, he debuted on the Bloomberg Billionaires Index with an estimated net worth of US$1.1 billion.[2]

References

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  1. ^ "Guests transported to fairytale land at this Arabian themed party hosted by Saurabh V. Gadgil". The Times of India. 2014-05-12. ISSN 0971-8257. Retrieved 2024-10-10.
  2. ^ a b Palepu, Advait (17 October 2024). "Jeweler Becomes Billionaire After 192-Year-Old Indian Firm's IPO". Bloomberg News.
  3. ^ "PNG Jewellers By Saurabh V. Gadgil Is A Jewellery Behemoth In Making". BW Businessworld. Retrieved 2024-10-10.
  4. ^ "Expanding jewels in Maharashtra's heart: PN Gadgil". The Times of India. 2024-09-17. ISSN 0971-8257. Retrieved 2024-10-10.
  5. ^ "Alumni Connect: 'I learnt professional formality from my college, which helped,' says Saurabh V. Gadgil". Hindustan Times.
  6. ^ Deshpande, Renuka. "Gadgil Jewellers 179-year-old journey from footpath to international showrooms". DNA India. Retrieved 2024-10-10.
  7. ^ "Costly gold may drive up demand for silver in rural India". The Economic Times. 2016-03-02. ISSN 0013-0389. Retrieved 2024-10-10.
  8. ^ "4 booked for trying to extort ₹50 lakh from Pune jeweller". Hindustan Times.
  9. ^ a b "PNG Jewellers By Saurabh V. Gadgil Is A Jewellery Behemoth In Making". BW Businessworld. Retrieved 2024-10-10.
  10. ^ "P N Gadgil Jewellers founder 'Dajikaka' dead". The Indian Express. 2014-01-11. Retrieved 2024-10-10.
  11. ^ "Alumni Connect: 'I learnt professional formality from my college, which helped,' says Saurabh V. Gadgil". Hindustan Times.
  12. ^ "Soundarya Kumar Pradhan clinches 15th AICFB National Chess Championship - ChessBase India". ChessBase. 2022-04-10. Retrieved 2024-10-10.
  13. ^ "DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors".
  14. ^ "Indian Retailer - Taking the Legacy Forward!". Indian Retailer. Retrieved 2024-10-10.
  15. ^ IN, FashionNetwork com. "PNG Jewellers bets on omni-channel strategy, franchise model for growth". FashionNetwork.com. Retrieved 2024-10-10.
  16. ^ Krishna, Tanya. "Indian Retailer - We Plan to Open 20 New Outlets Through Franchise Model In Next 3 Years: Saurabh V. Gadgil". Indian Retailer. Retrieved 2024-10-10.
  17. ^ "P N Gadgil Jewellers founder 'Dajikaka' dead". The Indian Express. 2014-01-11. Retrieved 2024-10-10.
  18. ^ "P N Gadgil Jewellers expands business".
  19. ^ "Salman Khan and Saurabh V. Gadgil clicked during the launch of Prem Ratan Dhan Payo collections in Mumbai - Photogallery". photogallery.indiatimes.com. Retrieved 2024-10-10.
  20. ^ "PNG to launch Salman's ?Being Human' jewellery line". Indian Retailer. Retrieved 2024-10-10.
  21. ^ Ghosal, Sutanuka (2015-02-14). "PN Gadgil Jewellers rope in Salman Khan, Madhuri Dixit for global endorsements". The Economic Times. ISSN 0013-0389. Retrieved 2024-10-10.
  22. ^ "For couples in Pune, weddings are about the right mix of ethnic and modern". India Today. 2016-11-22. Retrieved 2024-10-10.
  23. ^ service, diamond world news (2015-10-21). "PNG Jewellers launches store in California". Diamond World. Retrieved 2024-10-10.
  24. ^ "PNG to launch Salman's ?Being Human' jewellery line". Indian Retailer. Retrieved 2024-10-10.
  25. ^ "Saurabh V. Gadgil appointed as the Vice President of India Bullion & Jewellers Association (IBJA)". web.archive.org. 2016-10-09. Retrieved 2024-10-10.
  26. ^ "Expanding jewels in Maharashtra's heart: PN Gadgil". The Times of India. 2024-09-17. ISSN 0971-8257. Retrieved 2024-10-10.
  27. ^ "Gold is old! Why Indian grooms are opting for platinum jewellery instead of gold". The Times of India. 2023-11-28. ISSN 0971-8257. Retrieved 2024-10-10.
  28. ^ Vashishth, Neha (2024-09-09). "PN Gadgil Jewellers IPO: Top brass on 'Peshwa route' and how it became a legacy jeweller in Maharashtra". The Economic Times. ISSN 0013-0389. Retrieved 2024-10-10.
  29. ^ "Saurabh V. Gadgil, MD, P N Gadgil Jewellers On IPO, Financials, Debt & Expansion Plans". Business Today. 2024-09-10. Retrieved 2024-10-10.
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