Gargi, Pune - 2026 Company Profile, Team & Financials

About Gargi

Gargi is a publicly listed company based in Pune (India) founded in 2021 by Aditya Modak. Jewellery including bracelets, anklets, and necklaces is offered online. Its website gargi.shop draws about 177 thousand monthly visits. Its Indian entity Pngs Gargi Fashion Jewellery Limited reported revenue of ₹155 Cr. Gargi offers products and services including Mangalsutra, Earrings, Bracelets, and Necklace. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Accessories. Similar companies include GIVA, BlueStone and CaratLane; 3 of its 3 listed similar companies have raised funding.

Company details

Gargi was established in 2021 and is based in Pune, India. An internet-first approach is utilized in the jewellery sector, with a catalog encompassing bracelets, anklets, necklaces, earrings, rings, and other items. Materials such as silver, brass, and diamonds are incorporated into the products. Operations center on e-commerce distribution, overseen by co-founder Aditya Modak.

Headquarters Pune, India
Founders Aditya Modak
Stage Public
Sectors
Retail
Phone
•••• ••••
Website gargi.shop
Social LinkedIn X Facebook Instagram YouTube
Legal Name Pngs Gargi Fashion Jewellery Ltd
Date of Incorporation 25 Mar, 2009
Jurisdiction Pune, Maharashtra, India

Operational Areas

Retail → Fashion & Lifestyle E-Commerce

Key Metrics

Market Cap
₹561 Cr
GARGI · BSE
Share Price
₹518.30
-3.30% today
Revenue
₹149 Cr
FY 2025-26 · +18.3% YoY
EBITDA
₹39.46 Cr
Margin 26.4%
Net Profit
₹31.40 Cr
FY 2025-26 · +9.0% YoY
P/E (TTM)
19.3x
P/B 4.2x
ROE
25.9%
ROCE 32.4%
Debt / Equity
0.06
Interest cover 2.3x

Associated legal entities of Gargi

Gargi operates through Pngs Gargi Fashion Jewellery Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Pngs Gargi Fashion Jewellery Limited Listed CIN L36100PN2009PLC133691	Active	25 Mar 2009	Haveli, Maharashtra	₹155 Cr	64	8	View details

Products & Services of Gargi

Gargi offers a comprehensive portfolio of products and services, including Mangalsutra, Earrings, Bracelets, and Necklace.

Mangalsutra

Jewelry

Traditional necklace for cultural wear.

Earrings

Accessories

Trendy ear pieces for daily fashion.

Bracelets

Jewelry

Stylish arm accessories for various occasions.

Necklace

Jewelry

Ornamental chains for festive and casual use.

Apps and channels of Gargi

its YouTube channel Gargi by P N Gadgil & Sons has 651 subscribers and 23 videos.

Gargi by P N Gadgil & Sons

YouTube 651 subscribers 23 videos Howto & Style

Open channel

Videos from Gargi

The most watched videos on Gargi's YouTube channel, Gargi by P N Gadgil & Sons (651 subscribers). Click a video to play it here.

At Gargi, every piece tells a story—of elegance, confidence, and timeless beauty. 😍 😍

5.4M views

The Ultimate Apology Hack: When Words Aren't Enough 😉✨ by #Gargi

5.1M views

Gargi By PNG | Ft. Mithila Palkar | It's My Vibe | Anniversary Sale

4.2M views

Snip Slip? Let Jewellery Save the Day 💇‍♀️✨ | Styling Fixes You’ll Love

459.9K views

Board of directors of Pngs Gargi Fashion Jewellery Limited (Gargi)

Pngs Gargi Fashion Jewellery Limited is the primary company behind Gargi. The board of Pngs Gargi Fashion Jewellery Limited currently have 6 directors; the longest-serving is Aditya Amit Modak, appointed in 2021. 9 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Aditya Amit Modak DIN 09237633	Director	26 Jul 2021	5 yrs 3 mo	Pngs Gargi Fashion Jewellery Limited
Govind Vishwanath Gadgil DIN 00616617	Director	26 Jul 2021	5 yrs 3 mo	Pngs Gargi Fashion Jewellery Limited
Amit Yeshwant Modak DIN 00396631	Director	31 Aug 2021	5 yrs 1 mo	Pngs Gargi Fashion Jewellery Limited
Sweta Ashish Khandelwal DIN 00098451	Director	03 Nov 2022	3 yrs 11 mo	Pngs Gargi Fashion Jewellery Limited
Ranjeet Sadashiv Natu DIN 02892084	Director	03 Nov 2022	3 yrs 11 mo	Pngs Gargi Fashion Jewellery Limited
Ashok Namdeo Gokhale DIN 02415119	Director	03 Nov 2022	3 yrs 11 mo	Pngs Gargi Fashion Jewellery Limited

People of Gargi

1 people are tracked at Gargi (1 in leadership).

Name	Role	Group
Aditya Modak	Co-Founder	Leadership

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Complete people profiles for Gargi

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Team structure
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Professional contacts

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IPO & Listings of Gargi

Gargi is a publicly listed company on the BSE with ticker symbol GARGI in India, operating in the Diamond, Gems and Jewellery sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Listed onBSE: GARGI
Listed entityPngs Gargi Fashion Jewellery Limited
Exchange sectorDiamond, Gems and Jewellery

Financials of Gargi

Exchange-reported figures of Pngs Gargi Fashion Jewellery Limited, the listed company behind Gargi (BSE: GARGI).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹149 Cr

+18.3% YoY

EBITDA

₹39.46 Cr

+5.4% YoY

Profit After Tax

₹31.40 Cr

+9.0% YoY

Net Worth

₹142 Cr

+42.3% YoY

Total Assets

₹160 Cr

+49.1% YoY

Total Debt

₹11.66 Cr

+219.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	149	126	50.51	28.67	5.94	0.01	0.00
Revenue growth	+18.3%	+150.1%	+76.2%	+382.7%	-	-	-
EBITDA	39.46	37.43	11.25	6.50	1.53	0.01	0.00
EBITDA margin	+26.4%	+29.6%	+22.3%	+22.7%	+25.8%	+100.0%	-
Profit before tax	42.35	38.70	11.36	6.33	1.49	0.01	0.00
Net profit	31.40	28.81	8.47	4.67	1.11	0.01	0.00
Net profit margin	+21.0%	+22.8%	+16.8%	+16.3%	+18.7%	+100.0%	-
EPS (₹)	29.92	27.81	8.79	4.87	1,105.30	3.50	(1.00)
Balance sheet
Total assets	160	107	31.79	22.07	6.54	0.02	0.02
Net worth	142	99.69	29.04	20.58	1.12	0.02	0.01
Total debt	11.66	3.65	2.12	1.33	5.31	0.00	0.00
Cash & bank	72.75	54.13	0.70	11.34	0.63	0.02	0.02
Net working capital	142	98.15	29.89	20.62	6.17	0.02	0.01
Cash flow
Cash from operations	11.01	14.71	(11.13)	1.70	(4.31)	0.00	0.00
Cash from investing	(40.14)	(38.66)	(0.16)	(1.11)	(0.38)	0.00	0.00
Cash from financing	10.11	43.11	0.66	10.13	5.29	0.00	0.00

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	30.22	29.59	46.06	46.45	27.31	22.69	36.24	22.95
Revenue growth (YoY)	+10.7%	+30.4%	+27.1%	+102.4%	-38.6%	-	-	-
Other income	1.88	1.19	1.67	1.28	1.20	1.06	0.94	0.11
Total expenses	24.25	22.64	32.88	33.44	20.97	17.95	24.64	16.01
EBITDA	5.97	6.95	13.18	13.01	6.34	4.74	11.60	6.94
EBITDA margin	+19.8%	+23.5%	+28.6%	+28.0%	+23.2%	+20.9%	+32.0%	+30.2%
Depreciation	0.75	0.53	0.41	0.37	0.27	0.23	0.16	0.11
Interest	0.31	0.29	0.26	0.18	0.14	0.06	0.12	0.03
Profit before tax	6.79	7.32	14.18	13.74	7.13	5.51	12.26	6.91
Tax	1.74	2.17	3.58	3.47	1.82	1.40	3.11	1.82

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	30.22	29.59	46.06	46.45	27.31	22.69	36.24	22.95
Revenue growth (YoY)	+10.7%	+30.4%	+27.1%	+102.4%	-38.6%	-	-	-
Other income	1.88	1.19	1.67	1.28	1.20	1.06	0.94	0.11
Total expenses	24.25	22.64	32.88	33.44	20.97	17.95	24.64	16.01
EBITDA	5.97	6.95	13.18	13.01	6.34	4.74	11.60	6.94
EBITDA margin	+19.8%	+23.5%	+28.6%	+28.0%	+23.2%	+20.9%	+32.0%	+30.2%
Depreciation	0.75	0.53	0.41	0.37	0.27	0.23	0.16	0.11
Interest	0.31	0.29	0.26	0.18	0.14	0.06	0.12	0.03
Profit before tax	6.79	7.32	14.18	13.74	7.13	5.51	12.26	6.91
Tax	1.74	2.17	3.58	3.47	1.82	1.40	3.11	1.82

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	149	126	50.51	28.67	5.94	0.01	0.00
Revenue growth	+18.3%	+150.1%	+76.2%	+382.7%	-	-	-
Other income	5.34	2.13	0.59	0.15	0.00	0.00	0.00
Total expenses	110	88.89	39.26	22.17	4.41	0.00	0.00
Employee cost	3.21	2.08	1.55	1.00	0.25	0.00	0.00
EBITDA	39.46	37.43	11.25	6.50	1.53	0.01	0.00
EBITDA margin	+26.4%	+29.6%	+22.3%	+22.7%	+25.8%	+100.0%	-
Depreciation	1.58	0.60	0.33	0.18	0.02	0.00	0.00
Interest	0.87	0.26	0.15	0.14	0.02	0.00	0.00
Profit before tax	42.35	38.70	11.36	6.33	1.49	0.01	0.00
Tax	11.04	9.90	2.89	1.66	0.38	0.00	0.00
Net profit	31.40	28.81	8.47	4.67	1.11	0.01	0.00
Net profit margin	+21.0%	+22.8%	+16.8%	+16.3%	+18.7%	+100.0%	-
EPS (₹)	29.92	27.81	8.79	4.87	1,105.30	3.50	(1.00)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	10.47	10.36	9.63	9.63	0.01	0.01	0.01
Reserves & surplus	131	89.33	19.41	10.95	1.11	0.01	0.00
Shareholders' funds (net worth)	142	99.69	29.04	20.58	1.12	0.02	0.01
Secured loans	0.00	0.00	1.73	0.10	0.00	0.00	0.00
Unsecured loans	11.66	3.65	0.39	1.23	5.31	0.00	0.00
Total debt	11.66	3.65	2.12	1.33	5.31	0.00	0.00
Total liabilities	160	107	31.79	22.07	6.54	0.02	0.02
Assets
Gross block	18.43	6.67	1.96	1.49	0.38	0.00	0.00
Net block	14.09	4.66	1.49	1.29	0.36	0.00	0.00
Capital work in progress	0.09	0.07	0.00	0.00	0.00	0.00	0.00
Investments	0.10	0.10	0.20	0.00	0.00	0.00	0.00
Inventories	48.24	31.78	32.11	10.45	6.82	0.00	0.00
Sundry debtors	13.63	13.85	1.88	0.03	0.01	0.01	0.01
Cash & bank balances	72.75	54.13	0.70	11.34	0.63	0.02	0.02
Loans & advances	15.33	8.47	2.05	0.95	0.53	0.00	0.00
Total current assets	150	108	36.74	22.77	7.99	0.03	0.03
Total current liabilities	7.71	10.08	6.85	2.15	1.82	0.01	0.02
Net working capital	142	98.15	29.89	20.62	6.17	0.02	0.01
Total assets	160	107	31.79	22.07	6.54	0.02	0.02

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	19.87	0.70	11.34	0.63	0.02	0.02	0.02
Net cash from operating activities	11.01	14.71	(11.13)	1.70	(4.31)	0.00	0.00
Net cash from investing activities	(40.14)	(38.66)	(0.16)	(1.11)	(0.38)	0.00	0.00
Net cash from financing activities	10.11	43.11	0.66	10.13	5.29	0.00	0.00
Net change in cash	(19.01)	19.17	(10.64)	10.71	0.61	0.00	0.00
Closing cash	72.75	54.13	0.70	11.34	0.63	0.02	0.02

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+18.3%	+150.1%	+76.2%	+382.7%	-	-	-
EBITDA growth	+5.4%	+232.7%	+73.1%	+324.8%	-	-	-
PBT growth	+9.4%	+240.7%	+79.5%	+324.8%	-	+9997.0%	+9997.0%
Net income growth	+9.0%	+240.1%	+81.4%	+320.7%	-	-	-
Revenue CAGR (3Y)	+73.4%	+177.1%	+1615.8%	-	-	-	-
EBITDA CAGR (3Y)	+82.4%	+190.3%	+940.0%	-	-	-	-
Profitability & leverage
Net income margin	+21.0%	+22.8%	+16.8%	+16.3%	+18.7%	+100.0%	-
Return on capital employed	+32.4%	+56.1%	+42.8%	+45.3%	+46.0%	0.0%	0.0%
Return on net worth	+25.9%	+44.8%	+34.1%	+43.2%	+194.7%	0.0%	0.0%
Debt / equity	0.06	0.04	0.07	0.31	4.66	0.00	0.00
Long-term debt / equity	0.05	0.02	0.01	0.02	-0.01	-0.24	-0.36
Interest cover	2.30	0.71	1.37	2.22	1.32	0.00	-
Efficiency & per share
Fixed asset turnover	11.90	29.27	29.28	30.66	31.26	0.00	0.00
Inventory turnover	3.73	3.95	2.37	3.32	1.74	0.00	0.00
Debtors turnover	10.87	16.06	52.89	1,433.50	594.00	1.00	0.00
EPS (₹)	29.92	27.81	8.79	4.87	1,105.30	3.50	(1.00)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	135.53	96.24	30.16	21.38	1,119.80	16.20	12.80

Similar companies to Gargi

Gargi has 3 listed similar companies in our database, 3 of them funded. They include GIVA, BlueStone and CaratLane.

Company Name	Domain	Founded	HQ Location	Total funding	Employees	Description
GIVA	giva.co	2019	Bengaluru, India	$131.25M	2,023	Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
BlueStone	bluestone.com	2011	Bengaluru, India	$254.97M	4,102	Subscription-based jewelry is provided by digital-first brand BlueStone.
CaratLane	caratlane.com	2008	Chennai, India	$57.88M	1,564	Precious jewelry is offered online for men and women.

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Detailed similar companies of Gargi

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Web traffic of Gargi

The website of Gargi (gargi.shop) receives about 176.5K visits a month.

Monthly visits
176.5K
▲ 34.2% vs previous month

Similar websites

Websites whose visitors overlap most with Gargi. Affinity shows how closely the audiences match.

Website	Domain	Audience affinity	Monthly visits	Global rank	Profile
Shyle	shyle.in	100%	233.3K	#223,302	View details
emmadisilverjewellery.com	emmadisilverjewellery.com	100%		#354,406	–
clara.in	clara.in	99%		#248,665	–
Mia By Tanishq	miabytanishq.com	97%	1.3M	#44,221	View details
Aham Jewellery	ahamjewellery.com	97%		#1,042,101	View details
••••••••••	••••••.com	••%	•.•M	#•••••	–
••••••••••	••••••.com	••%	•.•M	#•••••	–
••••••••••	••••••.com	••%	•.•M	#•••••	–

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Top companies in Fashion & Lifestyle E-Commerce

3 companies that operate in the same segment as Gargi (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Lenskart	Eyewear is offered online for men, women, and kids.	2010	Gurugram, Haryana, India	USD 1.04 B	USD 939.4 M	18,984
Myntra	Fashion and lifestyle products are offered via an online marketplace.	2007	Bengaluru, Karnataka, India	USD 123.71 M	USD 542.17 M	1,108
GIVA	Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.	2019	Bengaluru, Karnataka, India	USD 142.34 M	USD 32.66 M	711

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Related news about Gargi

PNGS Gargi Fashion Jewellery Says Q1 Revenue From Operations Rises 11.61% YoY

Reuters • 3 months ago

PNGS Gargi Fashion Jewellery Says No Negative Impact On Business Operations After Prime Minister's Appeal

Reuters • 5 months ago

PNGS Gargi Fashion Jewellery Targets Revenue CAGR Of About 35% Over Next Couple Of Years

Reuters • 6 months ago

Gargi by PNGS launches new stores in Aurangabad and Indore

Fashionnetwork • 1 year ago

Gargi by P N Gadgil & Sons Unveils the Aura Collection: A Celebration of Women’s Elegance and Strength

Punekarnews • 1 year ago

Gargi by P N Gadgil & Sons (PNGS) launches wedding sub-brand 'Utsaav,' opens Gurgaon store

Fashionnetwork • 1 year ago

Gargi Fashion Jewellery's Q3 2025 profit soared 189.56% to ₹9.15 crore (revenue ₹36.24 crore).

Livemint • 1 year ago

Gargi By Png Expands Fashion Jewellery Offering With First Children's Line

In • 1 year ago

Gargi by PNGS kicks off 2025 with Delhi and Pune store launches

In • 1 year ago

India's PNGS Gargi Fashion Jewellery gains on Q2 results

Reuters • 2 years ago

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Frequently Asked Questions about Gargi

When was Gargi founded?

Gargi was founded in 2021.

Where is Gargi located?

Gargi is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

What is the annual revenue of Gargi?

The primary company behind Gargi, Pngs Gargi Fashion Jewellery Limited, reported revenue of ₹155 Cr for FY 2026, up 18% year on year.

What does Gargi do?

Gargi was established in 2021 and is based in Pune, India. An internet-first approach is utilized in the jewellery sector, with a catalog encompassing bracelets, anklets, necklaces, earrings, rings, and other items. Materials such as silver, brass, and diamonds are incorporated into the products. Operations center on e-commerce distribution, overseen by co-founder Aditya Modak.

Which companies are similar to Gargi?

Gargi's top competitors include GIVA, BlueStone and CaratLane.

What products or services does Gargi offer?

Gargi offers Mangalsutra, Earrings, Bracelets, and Necklace.

Is Gargi publicly traded?

Yes, Gargi is publicly traded on BSE under the ticker symbol GARGI.

Which legal entities are associated with Gargi?

Gargi operates through Pngs Gargi Fashion Jewellery Limited.

Who are the directors of Gargi?

The legal entities of Gargi currently have 8 directors, including Sweta Ashish Khandelwal, Ranjeet Sadashiv Natu, Ashok Namdeo Gokhale and others.

How much web traffic does Gargi get?

The website of Gargi receives about 177 thousand visits a month.

About Gargi

Company details

Operational Areas of Gargi

Associated legal entities of Gargi

Products & Services of Gargi

Apps and channels of Gargi

Videos from Gargi

Board of directors of Pngs Gargi Fashion Jewellery Limited (Gargi)

People of Gargi

Complete people profiles for Gargi

IPO & Listings of Gargi

Financials of Gargi

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr Standalone AnnualQuarterly

Financial Statements

Similar companies to Gargi

Detailed similar companies of Gargi

Web traffic of Gargi

All 40 similar websites and full traffic analytics for Gargi

Top companies in Fashion & Lifestyle E-Commerce

Related news about Gargi

Complete news archive for Gargi

Frequently Asked Questions about Gargi

Financial summary ₹ Cr