PNGS Reva Diamond Jewellery Ltd. was incorporated in 2004 and is engaged in the jewellery business. The company offers a wide range of jewellery made using diamonds, precious, and semi-precious stones that are studded in precious metals such as gold and platinum. All its products are sold under the brand name “Reva”. The company provides a diversified product portfolio, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains. These products are designed to cater to different customer segments and various occasions. As of September 30, 2025, the company had 13 distinct jewellery collections, supported by an in-house design team as well as curated selections from third-party manufacturers and Karigars. As of the RHP date, PNGS Reva Diamond Jewellery had 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka. The total retail footprint is around 647.15 running feet. The company operates through multiple retail models, including Franchise Owned Company Operated (FOCO), Franchise Owned Franchise Operated (FOFO), and Company Owned Company Operated (COCO), which helps in expanding its presence while maintaining operational flexibility. The company plans to utilize the IPO proceeds mainly for opening 15 new stores, marketing and promotional activities, and general corporate purposes to strengthen its brand presence and expand its retail network.