MAM
Gargi by PNGS’ sales skyrocket 76.07 per cent to Rs 50.48 crore turnover last fiscal
Mumbai: PNGS Gargi Fashion Jewellery Ltd (Gargi), a leading name in the fashion jewelry industry, has clocked a stellar financial performance for the financial year from April 2023 to March 2024. It has reported a substantial increase in annual sales, up 76.07 per cent to Rs 50.48 crore, compared to Rs 28.67 crore in the preceding year. Looking at the full-year performance, Gargi continued its upward trajectory, with net profit rising by 80.38 per cent to Rs 8.46 crore for the year ended March 2024, compared to Rs 4.69 crore in the previous year.
For the last quarter ending March 2024, the company showed a remarkable growth rate of 116.93 per cent and achieved sales of Rs 15.38 crore, showcasing robust performance and market resilience. The quarter also witnessed a substantial increase in net profit, which soared by 74.07 per cent to Rs 2.35 crore compared to the previous quarter ended March 2023, when it stood at Rs 1.35 crore. This impressive growth is a testament to Gargi’s strategic initiatives and ability to adapt to evolving market dynamics.
Speaking about this, Gargi by PNGS co-founder Aditya Modak said, “We are thrilled to witness such remarkable growth in sales and net profit, which reflects the dedication and hard work of our team, as well as the trust and support of our customers. These results underscore our commitment to delivering exceptional products and experiences.”
Gargi has achieved remarkable milestones, boasting a portfolio of over 15,000 SKUs and experiencing exponential growth in its first year, with a 6x increase in revenue. The company’s listing on the Bombay Stock Exchange (BSE) further solidified its position as a market leader, a position that will continue to attract customers and drive its growth. With a quadruple increase in customer numbers, the company is now confident in its customers’ trust and confidence in them. With a footprint spanning 18 locations across 10 metro cities and six states, Gargi is poised for continued growth and success and has a robust plan for the financial year 2024-25.
MAM
Time brings TIME100 Next franchise to India with Reliance
List to spotlight 100 emerging leaders, gala set for December 2026 in Mumbai.
MUMBAI: It’s about time India’s next wave got a global spotlight and now, it’s on the list. New York-headquartered Time is expanding its TIME100 Next franchise to India, partnering with Reliance Industries Limited to launch TIME100 Next India, its first international extension of the rising leaders platform. The announcement was made at the Time100 Gala in New York by Jessica Sibley and Nita Mukesh Ambani, signalling a strategic push to tap into India’s growing influence across sectors.
The India edition will recognise 100 emerging leaders from the country and the global Indian diaspora, spanning business, science, sports, arts and social impact. The list will be curated by Time’s editorial team and published online, continuing the franchise’s focus on identifying individuals shaping the future.
The initiative will culminate in a gala event scheduled for December 2026 at the Nita Mukesh Ambani Cultural Centre, anchoring the platform within India’s cultural and business ecosystem.
TIME’s broader Time100 franchise has steadily expanded its global footprint since 2021 through events and impact-led initiatives. Executives noted that India’s growing pool of influential voices and innovators made it a natural next step for the platform’s international ambitions.
For Reliance, the partnership aligns with its broader push to support emerging talent and ideas on a global stage. For Time, it marks a timely bet on India not just as a market, but as a talent engine shaping the next chapter of global leadership.
