PNGS Reva Diamond Jewellery Limited was originally formed as a partnership firm under the name of 'Gadgil Metals and Commodities' at Pune, pursuant to a partnership deed dated July 26, 2004. Subsequently, the partnership firm was converted into a public limited company as 'PNGS Reva Diamond Jewellery Limited' and a certificate of incorporation dated December 20, 2024 was issued by the Registrar of Companies, Central Registration Centre.
Promoter, P.N. Gadgil & Sons Limited was originally involved in the business of gold jewellery, silver jewellery, idols and other silverware, diamonds and diamond jewellery and other gemstones jewellery and related gift items. In 2025, the Company acquired the running business of diamond from the Promoter, P.N. Gadgil & Sons Limited through a Business Transfer Agreement via slump sale dated January 31, 2025. Since then, the Company engaged in the business of retail diamond jewellery. This restructuring led to the establishment of Company as an independent business entity, allowing it to carve out a distinct identity in the market while continuing the operations in the diamond jewellery industry.
The Company is retail focused jewellery involved in the business of sale of a wide range of jewellery made using diamond and precious and semi-precious stones which are studded into precious metals such as gold and platinum. We also retail plain platinum jewellery including rings, bracelets and chains. As of March 31, 2025, Company operate 33 Stores, which are divided into two categories, namely, franchise owned and company operated (FOCO) and franchise owned and franchise operated (FOFO).
Company is planning the initial public offer by raising funds aggregating to Rs 450 Cr equity shares having the face value Rs 10 each through Fresh Issue.