PNGS Reva Diamond Jewellery is an emerging premium jewellery company in India that specializes in diamond and precious-stone jewellery, crafted in gold and platinum, and retailed under the flagship brand “Reva”. The company represents a new, organized retail face for diamond jewellery with a strong heritage linkage to one of India’s oldest jewellery houses.

Origin & Legacy

PNGS Reva Diamond Jewellery was formally incorporated as a public limited company on 20 December 2024, after a strategic business transfer from its promoter P. N. Gadgil & Sons Limited. 

P. N. Gadgil & Sons has a longstanding legacy in the Indian jewellery space, with over 190 years of experience in designing, manufacturing, and retailing quality jewellery. This heritage provides the new company with strong brand trust and credibility among consumers.

Product Portfolio

The Reva brand offers a diverse range of jewellery catering to different occasions, lifestyles, and demographics:

Diamond Jewellery — Rings, solitaires, earrings, necklaces, pendants

Precious & Semi-Precious Stone Sets

Platinum Jewellery — Chains, bracelets, etc.

Traditional & Contemporary Designs — From bridal pieces like mangalsutras to everyday wear

Customisation options are offered to customers for personalised jewellery pieces. 

The collections are crafted with certified stones — often with IGI or GIA certifications, and metals that are BIS hallmarked for purity and quality. 

Retail & Market Presence

PNGS Reva operates through a multi-store model across Western and Southern India, including Maharashtra, Gujarat, and Karnataka. As of early 2026, it has 34 stores across more than 25 cities. 

The company uses a mix of formats:

Shop-in-Shop (SIS) inside existing jewellery outlets

Franchise-owned & Company-operated (FOCO)

Company-owned & Company-operated (COCO)

This model helps expand reach while keeping operational costs lean. 

JM Financial Services

Business Strategy & Growth

PNGS Reva’s core strategy revolves around:

Premium Diamond Focus — Differentiating from gold-heavy jewellers with a diamond-centric offering

Organised Retail Expansion — Building a branded experience for Indian consumers

Design-Driven Approach — Combining in-house creativity with external craftsmanship

The company is leveraging evolving consumer preferences toward branded and certified jewellery, shifting away from unorganised local markets. 

Financial Performance & IPO

In fiscal 2025, PNGS Reva’s revenue witnessed significant growth compared to previous years, with strong profitability margins — reflecting the strength of its high-end diamond portfolio. 

In February 2026, the company launched its Initial Public Offering (IPO), aimed at raising over ₹380–450 crore through a fresh issue of shares. The funds are earmarked for:

Establishing 15 new brand-exclusive stores

Marketing & brand visibility campaigns

General corporate purposes

The IPO opened on 24 February and closed on 26 February 2026, with shares listed on both NSE and BSE. 

Brand Philosophy & Customer Appeal

Reva seeks to make certified natural diamond jewellery accessible across segments — from young professionals buying their first diamond to families shopping for weddings and festivals. 

Retail Jeweller India

Their collections are designed to reflect a blend of tradition and modern elegance, honoring India’s rich jewellery heritage while appealing to changing tastes. 

Future Outlook

With its expansion plans backed by IPO capital, PNGS Reva Diamond Jewellery is poised to widen its footprint across India. The company’s focus on branded, certified diamond jewellery positions it well to capture a growing share of the premium segment in the Indian organised jewellery market — an industry expected to grow significantly in the coming years.