[9] Under Gadgil's father, the family had previously served as savakars to the Kolhatkar and Modak families of the Princely state of Sangli, and were thus accorded the office of royal jeweller to the Patwardhan kings of the State after the establishment of their jewellery business.
[17] Dajikaka Gadgil died in 2014, and few stores of Pune branch of the company was inherited by his son and grandson, Saurabh V. Gadgil[18][19][20] who joined the business in 2000 after completing his MBA and currently serves as the Chairman and Managing Director of PNG Jewellers.
[21] The company expanded its retail presence by opening new stores across Maharashtra and Goa,[22] and internationally in the United States.
[24][25] In September 2024, PNG Jewellers launched its initial public offering (IPO), with a total issue size of ₹1,100 crore (US$130 million), and listed on the BSE and NSE.
[32][33] PNG Jewellers has also become associated with several Bollywood celebrities, being endorsed by Madhuri Dixit,[34] Salman Khan, Raveena Tandon, and Sushmita Sen.
[35] The company has provided Jewellery to Marathi movies like Balgandharva and Katyar Kaljat Ghusali, among others.