Written By: Payal Das

Embarking on an entrepreneurial journey in India's thriving jewellery market can be both exciting and rewarding. The jewellery industry in India has always been a thriving market, deeply rooted in tradition and culture. One esteemed brand that offers a promising franchise opportunity is PNG Jewellers. 

PNG Jewellers has stood the test of time with its commitment to quality, trust, and exquisite craftsmanship. With a legacy dating back to 1832, PNG Jewellers has established itself as a trusted name in the industry, known for its exquisite designs and unwavering commitment to quality.

If you are looking for lucrative jewelry franchise opportunities in the jewellery sector, owning a PNG Jewellers franchise could be the perfect venture for you.

About PNG Jewellers

PNG Jewellers, originally P.N. Gadgil Jewellers, is a well-established brand with a legacy dating back to 1832. Headquartered in Pune, Maharashtra, the company has grown tremendously over the decades, expanding its presence across India, the UAE, and the USA. The brand is known for its innovative designs, purity assurance, and customer trust, making it a household name among jewellery lovers.

Why Choose PNG Jewellers?

Partnering with PNG Jewellers means aligning with a brand that has over a century of experience and a strong reputation for trust and excellence. The company has been expanding its footprint through franchising since 2015, operating numerous outlets across Maharashtra, Goa, and even an international presence in California, USA.

Starting a PNG jewellery store franchise means aligning yourself with a brand that has:

• Over 190 years of legacy in the jewellery business.
• Strong brand recognition and credibility in the market.
• High-quality gold, silver, diamond, and platinum jewellery collections.
• A well-established supply chain and operational support system for franchisees.

Investment Details - PN Gadgil Franchise Cost, Profit Margin, etc.

If you are considering opening a PNG jewellery shop franchise, here are the essential investment details:

Retail Space Requirement: 8,000 to 20,000 sq. ft. in a prime commercial area.

PN Gadgil Franchise Fees: Three options are available. Cost varies depending on location, store size, and inventory requirements. The PNG franchise Cost in India are as follows: 

• Option 1: Rs. 10-12 crore
• Option 2: Rs. 18-20 crore
• Option 3: Rs. 25 crore and above

PN Gadgil Franchise Profit Margin

Investing in a PNG Jewellers franchise can be highly profitable due to the strong brand reputation and high demand for gold and diamond jewellery. Here’s an overview of the expected profit margins:

• Gold Jewellery Margin: Typically 10-15%, depending on market fluctuations.
• Diamond & Platinum Jewellery Margin: 20-30%, as these have higher markups and exclusivity.
• Making Charges & Custom Designs: Additional profits come from making charges, which range between 8-25% of the jewellery cost.
• Break-even Period: Generally 3-5 years, depending on store location and sales performance.

PNG Franchise Apply Online – Step By Step Guide

1. Submit an Application

• Visit the official PNG Jewellers website or contact their franchise team.
• Fill out an application with details about your background, financial capacity, and proposed store location.

2. Initial Screening

• The company reviews the application to ensure it aligns with their brand values and business model.

3. Discussion and Agreement

• If shortlisted, you will be invited for a detailed discussion about investment, support, and expectations.
• A formal franchise agreement will be signed upon mutual agreement.

4. Site Selection and Store Setup

• PNG Jewellers will evaluate the proposed location for feasibility.
• Once approved, the store setup will follow the brand’s design and operational guidelines.

5. Training and Launch

• The franchisor provides staff training on sales, customer service, and jewellery trends.
• After final preparations, the store is officially launched with marketing and promotional support from PNG Jewellers.

Support and Benefits

As a PNG Jewellers franchisee, you gain access to:

• Brand Recognition: Leverage a well-established brand with a loyal customer base.
• Marketing Support: Benefit from national and regional advertising campaigns, as well as promotional strategies tailored to your market.
• Training Programs: Receive ongoing training for you and your staff to stay updated on product knowledge and industry trends.
• Operational Assistance: Get support in areas like inventory management, customer service, and sales strategies to ensure smooth operations.

Business Insights for PNG Jewellers Franchise

Starting a PNG Jewellers franchise presents a significant opportunity in India's jewellery industry, which is driven by high demand, cultural significance, and growing disposable income. Here are key insights for potential investors:

1. Established Brand with Strong Market Presence
   • PNG Jewellers has been a trusted name for over 190 years, making it one of the most recognized jewellery brands in India.
   • The brand has international expansion in markets like the UAE and the USA, enhancing global credibility.
2. Rising Demand for Branded Jewellery
   • Customers today prefer branded jewellery for authenticity, quality assurance, and better resale value.
   • PNG Jewellers offers hallmarked gold, certified diamonds, and innovative designs, attracting a diverse customer base.
3. High-Profit Margins & Long-Term Growth
   • The jewellery sector generally yields high-profit margins (15-30%), depending on product type and location.
   • PNG Jewellers provides a well-structured business model that ensures steady sales and profitability.
4. Comprehensive Franchise Support
   • PNG Jewellers offers marketing, operational, and training support to help franchisees manage the business efficiently.
   • The company assists with inventory management, store design, and customer engagement strategies.
5. Growing Online and Offline Presence
   • PNG Jewellers has embraced omnichannel retailing, allowing franchisees to benefit from both in-store sales and digital marketing strategies.
   • The brand's strong digital presence helps drive footfall and sales.

Best Jewellery Franchises in India Apart from PNG Jewellers

India's jewellery market is booming, making franchising a lucrative opportunity for investors. Here are some of the top jewellery franchises in India:

1. Tanishq (by Tata Group)

• Legacy: A premium jewellery brand under Tata’s Titan Company.
• Investment: ₹5 crore – ₹10 crore.
• Why Choose?: High brand recall, extensive customer base, and assured purity.

2. Kalyan Jewellers

• Legacy: One of India’s largest jewellery chains.
• Investment: ₹10 crore+ (high-end franchise model).
• Why Choose?: Strong market presence, diverse collections, and wedding jewellery specialization.

3. Malabar Gold & Diamonds

• Legacy: Established in 1993, with 300+ stores worldwide.
• Investment: ₹8 crore – ₹15 crore.
• Why Choose?: International brand, high resale value, and premium collections.

4. Joyalukkas

• Legacy: Global brand with 150+ stores in India and abroad.
• Investment: ₹10 crore+.
• Why Choose?: Luxurious brand image, strong gold and diamond segment, and high credibility.

Also Read: Top jewellery franchise opportunities in India

Conclusion

Venturing into the jewellery industry with a PNG Jewellers franchise offers a blend of tradition, luxury, and business potential. By adhering to their established systems and upholding their commitment to quality, you can build a successful enterprise that resonates with customers seeking timeless elegance. If you have the required PN Gadgil franchise cost and a passion for luxury retail, this franchise could be a golden opportunity for you.

FAQs

1. Is a jewellery franchise profitable?

Ans: Yes, a jewellery franchise can be highly profitable due to the consistent demand for gold, silver, and diamond jewellery in India. Established brands like PNG Jewellers offer a strong customer base, brand trust, and operational support, making it a lucrative business opportunity.

2. Are PNG and PN Gadgil the same?

Ans: Yes and no. PNG Jewellers and PN Gadgil & Sons originate from the same family business but have been operating as separate entities after a family division. Both continue to run successful jewellery businesses under different leadership.

3. How many branches does PN Gadgil have in India?

Ans: PNG Jewellers has over 35 stores across India and abroad, while PN Gadgil & Sons operates separately with its own branches. The exact number of outlets may change as they expand.

4. Is PN Gadgil good for long-term investment?

Ans: Yes, PNG Jewellers is a trusted name in the jewellery industry, known for its purity, craftsmanship, and legacy of over 190 years. Gold and diamond jewellery from PNG Jewellers can be a secure long-term investment due to their high resale value and consistent appreciation.

5. What is the turnover of PNG Jewellers?

Ans: While exact figures may vary, PNG Jewellers has reported an annual turnover of over ₹12,000 crore in recent years, reflecting its strong market presence and customer trust. For the latest financial data, it's best to refer to the company's official reports or business news sources.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.