Saurabh V. Gadgil
Saurabh V. Gadgil | |
|---|---|
 | |
| Born | 1976 or 1977 (age 47–48) Pune, Maharashtra, India |
| Education | Master of Business Administration (MBA) Doctor of Philosophy (PhD) |
| Alma mater | Symbiosis Institute of International Business University of Texas at Austin |
| Title | Managing Director and Chairman, PNG Jewellers |
| Relatives | Anant Gadgil (grandfather) |
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, also known as Dajikaka,[5] the founder of P N Gadgil Jewellers.[6] Gadgil also served as the Director and National Vice President of the India Bullion & Jewellers Association Ltd. (IBJA).[7]
According to the Bloomberg Billionaires Index, his net worth was estimated at $1.1 billion in September 2023, following PNG Jewellers' initial public offering.[2][8]
Early life
[edit]Saurabh was born in Pune, Maharashtra,[9] into the family of jeweler-businessman Vidyadhar Gadgil.[10] His grandfather, Dajikaka, started the Pune branch of P N Gadgil Jewellers in 1958.[11] 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.[10] Gadgil is also a chess player and has competed in several state-level tournaments.[12][13] In 2000, he married Radhika Gadgil, and the couple has two children.[14]
Career
[edit]Saurabh joined his family-owned business, PNG Jewellers, in 1998 when the company operated as a partnership firm.[15] He later restructured the organization into a corporate entity and oversaw its geographic expansion into cities including Pune, Nashik, and Kolhapur, as well as international markets such as the UAE and the United States.[16] After the death of his grandfather, Anant Gadgil (colloquially known as Dajikaka), in 2014, the company added 11 new retail locations.[17][18]
During Gadgil's tenure, PNG Jewellers engaged Bollywood actors Madhuri Dixit, Raveena Tandon, and Salman Khan as brand ambassadors. As of 2024, the company operates 53 stores, predominantly in Maharashtra, comprising 42 company-owned outlets and 11 franchise locations. Collaborations with Salman Khan led to jewelry designs appearing in the films Prem Ratan Dhan Payo (2015) and Bajrangi Bhaijaan (2015).[19] He also launched the TIMELESS Collection by Madhuri Dixit[20] and opened a boutique store at the JW Marriott in Pune.[21] Saurabh became the Director of Style Quotient Jewellery. In 2015, he partnered with actress Preity Zinta to open a P N Gadhil store in Fremont, California,[22] and launched the Being Human Jewellery line in association with Salman Khan's charitable brand.[23]
In 2015, he was appointed Vice President for the West Zone of the India Bullion & Jewellers Association Ltd.[24] Under his leadership, PNG Jewellers launched an initial public offering (IPO) in September 2024,[25][26][27] after which Gadgil was listed on the Bloomberg Billionaires Index with an estimated net worth of $1.1 billion.[28][29][30][31]
As of 2024, PNG operates 48 retail outlets in Maharashtra, with 28 owned stores and 11 franchisee outlets.[32][33]
Recognition
[edit]In 2015, Gadgil was inducted in the hall of fame by GJEPC.[34]
References
[edit]- ^ "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.
- ^ a b Palepu, Advait (17 October 2024). "Jeweler Becomes Billionaire After 192-Year-Old Indian Firm's IPO". Bloomberg News.
- ^ "PNG Jewellers By Saurabh V. Gadgil Is A Jewellery Behemoth In Making". BW Businessworld. Retrieved 2024-10-10.
- ^ "Expanding jewels in Maharashtra's heart: PN Gadgil". The Times of India. 2024-09-17. ISSN 0971-8257. Retrieved 2024-10-10.
- ^ "Alumni Connect: 'I learnt professional formality from my college, which helped,' says Saurabh V. Gadgil". Hindustan Times.
- ^ Deshpande, Renuka. "Gadgil Jewellers 179-year-old journey from footpath to international showrooms". DNA India. Retrieved 2024-10-10.
- ^ "Costly gold may drive up demand for silver in rural India". The Economic Times. 2016-03-02. ISSN 0013-0389. Retrieved 2024-10-10.
- ^ "Who is Saurabh Gadgil? India's newest billionaire". The Times of India. 2024-10-18. ISSN 0971-8257. Retrieved 2025-06-18.
- ^ "4 booked for trying to extort ₹50 lakh from Pune jeweller". Hindustan Times.
- ^ a b "PNG Jewellers By Saurabh V. Gadgil Is A Jewellery Behemoth In Making". BW Businessworld. Retrieved 2024-10-10.
- ^ "P N Gadgil Jewellers founder 'Dajikaka' dead". The Indian Express. 2014-01-11. Retrieved 2024-10-10.
- ^ "Alumni Connect: 'I learnt professional formality from my college, which helped,' says Saurabh V. Gadgil". Hindustan Times.
- ^ "Soundarya Kumar Pradhan clinches 15th AICFB National Chess Championship - ChessBase India". ChessBase. 2022-04-10. Retrieved 2024-10-10.
- ^ "DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors".
- ^ "India's newest billionaire was a RBI intern and national level chess player. Meet Saurabh Gadgil of PNG Jewellers". The Economic Times. 2024-10-20. ISSN 0013-0389. Retrieved 2025-06-18.
- ^ 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.
- ^ "P N Gadgil Jewellers founder 'Dajikaka' dead". The Indian Express. 2014-01-11. Retrieved 2024-10-10.
- ^ "P N Gadgil Jewellers expands business".
- ^ "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.
- ^ 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.
- ^ "For couples in Pune, weddings are about the right mix of ethnic and modern". India Today. 2016-11-22. Retrieved 2024-10-10.
- ^ service, diamond world news (2015-10-21). "PNG Jewellers launches store in California". Diamond World. Retrieved 2024-10-10.
- ^ "PNG to launch Salman's ?Being Human' jewellery line". Indian Retailer. Retrieved 2024-10-10.
- ^ "Saurabh V. Gadgil appointed as the Vice President of India Bullion & Jewellers Association (IBJA)". 2016-10-09. Archived from the original on 2016-10-09. Retrieved 2024-10-10.
- ^ 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.
- ^ "Saurabh V. Gadgil, MD, P N Gadgil Jewellers On IPO, Financials, Debt & Expansion Plans". Business Today. 2024-09-10. Retrieved 2024-10-10.
- ^ "How an RBI intern and chess star played his way to a billion dollar IPO: Meet Saurabh Gadgil - BusinessToday". Business Today. 2024-10-20. Retrieved 2025-06-18.
- ^ Palepu, Advait (17 October 2024). "Jeweler Becomes Billionaire After 192-Year-Old Indian Firm's IPO". Bloomberg News.
- ^ "लंडन मराठी संमेलनाचा जल्लोष". Maharashtra Times (in Marathi). Retrieved 2024-11-25.
- ^ "P.N. Gadgil Jewellers Bags Three National Awards – Gems2Jewellery". Retrieved 2024-11-25.
- ^ "Meet Saurabh Gadgil, Pune Jeweller With Net Worth Of Over Rs 91,300,000,000 Who Credits His Success To 'Thirty Moves Ahead' Chess Rule". Times Now. 2024-10-17. Retrieved 2025-06-18.
- ^ "P N Gadgil Jewellers Strengthening retail presence with trust" (PDF). Analyst report.
- ^ "Saurabh Gadgil: The Billionaire Behind India's Iconic Jewellery Brand | PNG Jewllery |". StartupTalky. 2024-10-23. Retrieved 2024-11-25.
- ^ Bijlani, Shanoo (2021-07-15). "Pandemic Has Brought Increased Focus On Gold As An Investment: Dr. Saurabh Gadgil". Solitaire International jewellery magazine. Retrieved 2025-02-24.