Pallavi Mohadikar (Palmonas)
Overview
Pallavi Mohadikar is an Indian entrepreneur widely recognized for co-founding the jewelry brand Palmonas. Her venture into the jewelry industry follows the successful creation and later acquisition of the digital-first saree brand, Karagiri. Pallavi's latest endeavor, Palmonas, emerged as a pioneering brand in the demi-fine jewelry segment, offering pieces that blend the opulence of fine jewelry with the affordability of everyday wear. Her work in this sector has been particularly noted for its innovative use of surgical-grade stainless steel plated with 18K gold, setting a new trend in the jewelry market.
Recent Developments
In recent years, Palmonas has witnessed significant growth and development under Pallavi Mohadikar's leadership. Some key recent developments include:
- June 2023: Pallavi co-founded Palmonas, marking a significant shift from her earlier venture with Karagiri. This move introduced Indian consumers to demi-fine jewelry, bridging the gap between imitation jewelry and expensive gold jewelry.
- August 2025: Palmonas raised INR 55 crore in a Series A funding round led by Vertex Ventures. This injection of capital is intended to expand its demi-fine collection and open 100 new stores across India.
- February 2025: The brand was featured on "Shark Tank India," where it secured INR 1.26 crore for a 1% equity stake. This televised appearance helped increase brand visibility significantly.
- March 2024: Bollywood actress Shraddha Kapoor joined Palmonas as a co-founder, adding celebrity influence and further enhancing the brand's profile and market reach.
- 2024: Palmonas reported a substantial 20X growth in revenue, with aggressive plans to expand its footprint both domestically and internationally.
- 2024-2025: The brand has been actively expanding its product offerings to include lab-grown diamonds, alongside its popular 9kt gold collection.
- The company plans to increase its physical presence by establishing more retail outlets and enhancing its international shipping capabilities.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Pallavi Mohadikar Patwari |
| Born | Raised in Nashik, original from Nagpur, Maharashtra, India |
| Nationality | Indian |
| Occupation | Entrepreneur |
| Known For | Co-founding Palmonas and Karagiri |
| Net Worth | Estimated between ₹0 – ₹500+ crore (approx. $0 – $60M) |
| Education | MBA from IIM Lucknow, Bachelor's from COEP |
Early Life and Education
Pallavi Mohadikar was born in Nagpur, Maharashtra, but she spent a significant part of her childhood in Nashik. Her upbringing in these culturally rich cities played a substantial role in shaping her appreciation for traditional Indian art and fashion. Pallavi pursued a Bachelor’s degree in Electronics and Telecommunication Engineering from the College of Engineering Pune (COEP), a foundation that provided her with a technical background crucial for her later ventures. Following her engineering degree, she completed an MBA in Marketing from the prestigious Indian Institute of Management, Lucknow. This academic journey instilled in her a deep understanding of business dynamics, which she adeptly applied first at Goldman Sachs and later in her own entrepreneurial projects.
Career and Notable Achievements
Pallavi Mohadikar’s professional journey is marked by progressive entrepreneurial ventures:
- Tata Consultancy Services (2010-2012): Began her career here as an Assistant System Engineer.
- Goldman Sachs (2014-2015): Worked as a Business Analyst, honing her financial analytical skills.
- Indofash Ethnic Private Limited (2015-2017): Co-founded and managed initial business operations.
- Karagiri (2017-2021): Co-founded this digital-first saree brand which was acquired by Mensa Brands in 2021.
- Palmonas (2022-present): Co-founded with Dr. Amol Patwari, Palmonas has set a bold precedent in the jewelry industry by creating accessible luxury through demi-fine jewelry.
Current Work and Impact
Pallavi’s current focus is on leading Palmonas in its mission to redefine the jewelry landscape in India. Palmonas stands out by providing high-quality, affordable jewelry that caters to the lifestyle needs of modern consumers while espousing sustainable and ethical practices. Her strategic leadership has been crucial in Palmonas’ rapid expansion both in terms of physical retail presence and online global reach. The impact of Palmonas is evident through its high customer retention and growing market share in the demi-fine jewelry segment.
Pallavi Mohadikar LinkedIn
Pallavi maintains an active presence on LinkedIn where she frequently shares insights on entrepreneurship, leadership, and industry trends. Her profile details her extensive experience in the D2C space and emphasizes her strategic vision that continues to steer Palmonas towards its ambitious growth goals.
Pallavi Mohadikar Education
Pallavi Mohadikar’s educational background laid a robust foundation for her entrepreneurial success. Her engineering degree from COEP equipped her with technical proficiency while her MBA from IIM Lucknow provided her with core business acumen. Her education has been pivotal in navigating the complexities of her ventures, combining technical knowledge with strategic marketing expertise.
Conclusion
Pallavi Mohadikar epitomizes the spirit of modern entrepreneurship through her ventures in the fashion and jewelry industry. Her strategic foresight and commitment to innovation have set new benchmarks in the market. As Palmonas continues its trajectory of growth and expansion, Pallavi’s initiatives in sustainable and affordable luxury promise to leave a lasting legacy in Indian retail.