PNGS Reva Diamond Jewellery 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 which was subsequently amended on December 9, 2015 and September 1, 2024. Subsequently, the partnership firm was converted into a public limited company with the name ‘PNGS Reva Diamond Jewellery Limited’ on December 20, 2024. Its Corporate Promoter, P. N. Gadgil & Sons Limited undertook a disinvestment via a slump sale of their diamond business in favour of the company pursuant to a business transfer agreement dated January 31, 2025 (‘Business Transfer Agreement’) pursuant to which the company has been involved in the business of retail diamond jewellery.

The company is a retail focused jewellery brand 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. It also retails plain platinum jewellery including rings, bracelets and chains. Its products are sold under its flagship brand, ‘Reva’. The Reva brand aims to blend traditional elegance with modern aesthetics, offering customizable diamond jewellery that appeals to a broad customer base. 

As a design-led brand, it offers designs across various price points tailored to various occasions and customer preferences. Its retail network comprises of brand-exclusive store owned and operated by the company and shops-in-shop where the company set up its brand in a dedicated space within the premises of the retail stores operated by its Corporate Promoter -- P. N. Gadgil & Sons, allowing the company to leverage their established infrastructure and customer footfall while maintaining its brand identity. Its stores are divided into three categories namely, franchise owned and company operated (FOCO), franchise owned and franchise operated (FOFO), and company owned and company operated (COCO). 

Business area of the company 

The company is engaged in the trading of diamond jewellery and precious stones. It also retails plain platinum jewellery including rings, bracelets and chains. Its products are sold under its flagship brand, ‘Reva’.

Products of the company

• Precious stones
• Rings
• Bangles
• Bracelet
• Chain
• Nose pins
• Pendent
• Earring
• Necklace
• Mangalsutra
• Others
• Gold

History and milestones

• 2024: Converted from the partnership firm ‘Gadgil Metals & Commodities’ into a public limited company under the Companies Act, 2013 with the name ‘PNGS Reva Diamond Jewellery Limited’.
• 2025: Acquired the business of diamond from P. N. Gadgil & Sons Limited via a Business Transfer Agreement dated January 31, 2025.
• 2025: Entered into the Franchise Agreement dated February 1, 2025, as amended, pursuant to the amendment agreement dated June 26, 2025, with P. N. Gadgil & Sons Limited for our business operations.
• 2025: Opened its first brand-exclusive physical store in Wakad, Pune, marking its debut in COCO model.