Palmonas Owner: Founder, Net Worth, Business Journey & Brand Growth

The story of the Palmonas Owner is a powerful example of how passion, creativity, and smart branding can transform a small idea into a successful jewellery business. Palmonas has quickly become a trusted name in the fashion jewellery industry, known for its elegant designs, affordable luxury, and strong digital presence. Behind this growing brand stands a visionary entrepreneur who understood modern consumers’ love for stylish yet durable jewellery.

Quick Facts Summary

Personal Information – Pallavi Mohadikar (Primary Founder & CEO)

Pallavi Mohadikar is the visionary entrepreneur behind Palmonas owner name, who has revolutionized India’s jewellery industry with her innovative approach to demi-fine jewellery. The Palmonas owner net worth reflects her incredible journey from a small town in Maharashtra to building a ₹500+ crore valuation company. Understanding the Palmonas owner background provides inspiration for aspiring entrepreneurs across India.

Personal Information – Dr. Amol Patwari (Co-Founder)

Family & Personal Life

Pallavi Mohadikar’s Family Background

Parents: Pallavi Mohadikar comes from a traditional weaver family in a small village near Nagpur, Maharashtra. Her grandfather was a skilled weaver who specialized in Kosa silk sarees, a traditional Vidarbha craft. Her father’s stories about the weaving community deeply influenced her entrepreneurial journey.

Upbringing: Growing up in a middle-class Maharashtrian family, Pallavi spent her childhood surrounded by the weaving community. She would spend summer holidays watching her grandfather transform silk yarns into beautiful Tussar (Kosa) sarees. These formative experiences instilled in her a deep appreciation for Indian craftsmanship and artisan livelihoods.

Spouse: Married to Dr. Amol Patwari, an accomplished orthopedic surgeon who transitioned into entrepreneurship. Their partnership represents a unique blend of medical precision and business acumen that defines Palmonas.

Children: Mother to daughter Anaya. Pallavi openly shares her journey as a founder-mother on social media, inspiring working mothers across India.

Hometown: Nagpur region, Maharashtra – a place known for its rich weaving heritage

Palmonas Owner Educational Background

Pallavi Mohadikar’s Education Journey

Pallavi Mohadikar’s educational journey is a testament to academic excellence combined with entrepreneurial ambition. Her education at India’s premier institutions laid the foundation for her success as the Palmonas owner.

Undergraduate Education

Bachelor of Technology (BTech) – Electronics & Telecommunication Engineering

• Specialized in Electronics and Telecommunication
• Developed strong analytical and technical skills
• Foundation for understanding e-commerce technology platforms

Graduate Education

Master of Business Administration (MBA) – Indian Institute of Management, Lucknow (2012-2014)

• Specialized in Marketing
• One of India’s top 10 business schools
• Learned advanced business strategy and leadership
• Gained exposure to startup ecosystem
• During MBA, renewed connection with weaving community
• Spent time with weavers and craftsmen in rural UP and Maharashtra
• Realized the exploitation of artisans by middlemen
• Planted seeds for future entrepreneurial ventures

Educational Impact

While pursuing her MBA at IIM Lucknow in 2014, Pallavi reconnected with her roots. She spent time with weavers and craftsmen, learning that they earned only 10-15% of the final sale price of their products. This revelation became the driving force behind her first venture, Indofash (later Karagiri).

Dr. Amol Patwari’s Education

Medical Education

• MBBS – Bachelor of Medicine and Bachelor of Surgery
• MS in Orthopedic Surgery
• Specialized training in surgical procedures
• Deep understanding of medical-grade materials and durability

Physical Statistics

Pallavi Mohadikar

Note: Pallavi focuses on substance over appearance, rarely disclosing personal physical details publicly

Entrepreneurial Career Timeline

The Palmonas owner career journey showcases an inspiring rise from corporate professional to serial entrepreneur building India’s leading demi-fine jewellery brand.

Major Achievements & Recognition

Entrepreneurial Milestones

• Successful Exit from Karagiri (2021)

• Built Karagiri into India’s largest digital-first saree brand
• Acquired by Mensa Brands – one of India’s leading D2C roll-up companies
• Created employment for 2,000+ weavers across India
• Delivered orders to 11 countries globally

• Palmonas – Record-Speed Launch (2022)

• Launched first collection just 10 days after conceptualization
• Started operations from home with just 30 designs
• Immediate market validation with strong sales

• Shark Tank India Season 4 Success (February 2025)

• Secured ₹1.26 crore investment for 1% equity
• Achieved ₹126 crore valuation
• Deal with Namita Thapar and Ritesh Agarwal
• National recognition and brand visibility

• Series A Funding – Vertex Ventures (August 2025)

• Raised ₹55 crore ($6.3 million) at ₹550 crore valuation
• Led by prestigious Vertex Ventures Southeast Asia & India
• 4X valuation increase in just 6 months post-Shark Tank

• Rapid Business Growth

• Fulfilled 6.5+ lakh orders within 3 years
• Grew from 2 founders to 228+ employees (660% YoY growth)
• Revenue of ₹10.8 crore in FY25
• Revenue run rate of ₹300 crore (annualized, 2025)
• Expanded to 1,300+ jewelry designs across categories

• Celebrity Partnership

• Brought Bollywood star Shraddha Kapoor as Co-Founder (March 2024)
• Strategic collaboration that elevated brand positioning

Palmonas Owner Net Worth & Financial Information

The Palmonas owner net worth reflects the successful creation of India’s pioneering demi-fine jewellery brand. As of 2025, the financial standing of Palmonas owners demonstrates remarkable wealth creation in just 3 years.

Shareholding Structure (As of Aug 2025)

Financial Philosophy

1. Customer-First Investment The Palmonas owner believes in reinvesting profits into customer experience, product innovation, and quality improvement rather than extracting wealth prematurely.

2. Sustainable Growth Focus on profitable unit economics and sustainable scaling rather than growth at any cost.

3. Value Creation for All Stakeholders Commitment to creating value for employees (via ESOP), artisans, investors, and customers simultaneously.

4. Long-term Vision Building a legacy brand rather than seeking quick exits, despite successful exit from Karagiri.

Digital Presence & Professional Engagement

Pallavi Mohadikar’s Digital Footprint

LinkedIn: Active presence sharing entrepreneurial insights, team achievements, and industry trends

Instagram: @mohadikar.pallavi (20K+ followers)

• Shares behind-the-scenes of Palmonas journey
• Mother-entrepreneur content
• Team celebrations and milestones
• Bio: “Founder & CEO @palmonas_official, founder @karagiri_ethnic (Acquired)”

Professional Platforms:

• Featured speaker at startup events and D2C conferences
• Guest lecturer at business schools
• Mentor for women entrepreneurs

Media Coverage:

• Regular features in Inc42, YourStory, Economic Times
• Shark Tank India Season 4 appearance
• Industry publications and podcasts

Detailed Biography: The Palmonas Owner Story

Early Life – Roots in Weaving Community

Born around 1989-1990 in a small village near Nagpur, Maharashtra, Pallavi Mohadikar grew up in a traditional weaver family in the Vidarbha region. Her grandfather was a skilled weaver specializing in Kosa silk sarees, a beautiful traditional craft of the region.

As a child, Pallavi would spend her summer holidays mesmerized by the rhythmic sound of looms, watching her grandfather and other weavers transform simple yarns into intricate sarees. Her grandfather would explain the intricacies of weaving – the patience required, the skill involved, and unfortunately, the economic challenges faced by artisans.

Growing up in a middle-class Maharashtrian family, Pallavi witnessed firsthand the struggles of the weaving community. Despite their incredible craftsmanship, weavers lived in poverty, exploited by middlemen who captured most of the profits. These early observations would profoundly shape her entrepreneurial mission.

Educational Journey – From Engineering to IIM

Despite her traditional background, Pallavi’s parents encouraged education. She pursued a Bachelor of Technology degree in Electronics and Telecommunication Engineering, demonstrating strong academic aptitude in technical subjects.

However, Pallavi’s ambitions extended beyond engineering. She successfully secured admission to the Indian Institute of Management, Lucknow (2012-2014), one of India’s most prestigious business schools. This was a significant achievement for someone from a small town background.

During her MBA, Pallavi reconnected with her roots in a meaningful way. While in Lucknow, she explored the local markets with her father and discovered the beautiful Chikankari embroidery work. She met hundreds of artisans and weavers, witnessing the same exploitation her grandfather had faced.

To earn pocket money, Pallavi started sourcing Chikankari sarees and selling them to classmates, friends, and their families abroad. This small side hustle revealed a crucial insight: authentic Indian handloom had huge demand, especially in international markets where it was either unavailable or extremely expensive.

Corporate Stint – The Goldman Sachs Chapter

After graduating from IIM Lucknow in 2014, Pallavi joined Goldman Sachs in Bengaluru as an investment banking analyst. This was a dream job by conventional standards – prestigious, well-paying, and exactly what her conservative middle-class family expected.

However, Pallavi’s heart was elsewhere. She had spent her MBA years dreaming of creating a direct platform for artisans to reach global audiences, eliminating exploitative middlemen. The corporate world, while comfortable, felt constraining.

After a brief stint, Pallavi made the difficult decision to quit Goldman Sachs in April 2015. Her mother was deeply upset, asking the now-famous question: “Saree bechni thi toh IIM jaane ki kya zaroorat thi?” (If you wanted to sell sarees, what was the need to go to IIM?)

This maternal disappointment was painful, but Pallavi persevered, convinced of her vision.

First Venture – Indofash/Karagiri (2015-2021)

In April 2015, Pallavi founded Indofash (later rebranded to Karagiri) with a modest ₹3 lakh loan from a friend. Her co-founder was Rahul Gayakwad (CTO). The team started with just 5 people.

The Mission: Create a direct digital platform connecting Indian weavers and artisans with global customers, ensuring artisans received fair compensation.

The Journey:

The early days were a roller-coaster. Pallavi worked with weavers and craftsmen from rural Karnataka, Maharashtra, Jharkhand, and Rajasthan, organizing photoshoots and showcasing their products online.

The response was overwhelming, especially from the Indian diaspora in the USA, UK, Canada, Australia, and South Africa. Authentic handloom sarees in these markets were either unavailable or priced 3-4X higher than in India.

Word-of-mouth powered growth. Friends living abroad became customers, then advocates. Social media, especially Facebook, proved crucial for reaching niche audiences.

Key milestones:

• Raised angel funding from Shekhar Sahu
• Grew team from 5 to 8 full-time employees
• Built network of 2,000+ weavers across India
• Delivered orders to 11 countries
• Transformed from Indofash to Karagiri
• Achieved successful acquisition by Mensa Brands

Impact on Weavers:

Pallavi’s parents, initially skeptical, were won over when they witnessed the impact on weavers’ lives. By eliminating middlemen, Karagiri ensured artisans received 60-70% of the sale price instead of just 10-15%.

This wasn’t just business – it was a social mission aligned with profit.

Personal Life – Partnership with Dr. Amol

During this period, Pallavi married Dr. Amol Patwari, an accomplished orthopedic surgeon. Their relationship was built on mutual respect for each other’s professional pursuits.

In 2021, they welcomed their daughter Anaya, adding the dimension of motherhood to Pallavi’s entrepreneurial journey.

The Birth of Palmonas (2022) – A Tea-Time Revolution

In 2022, after successfully exiting Karagiri through Mensa Brands acquisition, Pallavi was contemplating her next venture. One evening, while sipping tea with Dr. Amol, a casual conversation changed everything.

Dr. Amol mentioned that his surgical equipment – made from surgical-grade stainless steel – had lasted over a decade without any rust or corrosion. He explained the durability of medical-grade materials.

Pallavi had an instant epiphany. Why not use similar durable materials for jewelry?

The Market Gap:

Pallavi identified a huge white space in India’s jewelry market:

• Fast Fashion Jewelry: Cheap but tarnishes quickly
• Fine Jewelry: Gold and diamonds, expensive and not for everyday wear
• The Gap: High-quality, durable, everyday luxury at accessible prices

This gap was the “demi-fine” category – practically non-existent in India.

The Palmonas Solution:

• Base materials: Surgical-grade stainless steel and sterling silver
• Coating: 2.5-micron thick layer of 18K gold vermeil
• Result: Jewelry that looks like gold, lasts like surgical steel, costs a fraction of fine jewelry
• Perfect for: Daily wear, waterproof, sweat-proof, skin-safe

Record Launch:

True to her bias for action, Pallavi launched Palmonas just 10 days after conceptualizing the idea. They started from home with just the two of them:

• Pallavi: Designs, website, marketing
• Dr. Amol: Operations, manufacturing coordination

They launched with 30 designs. Sales poured in immediately, validating the concept. Manufacturing was on-demand initially.

Scaling Palmonas (2022-2024)

Growth Trajectory:

From the home operation, Palmonas scaled rapidly:

• Expanded to 1,300+ designs across categories (necklaces, rings, bracelets, earrings, mangalsutras)
• Grew team to 35+ employees
• Opened flagship store in Koregaon Park, Pune
• Partnered with Myntra, Nykaa, Ajio
• Fulfilled thousands of orders monthly

Angel Funding (2023): Raised ₹6 crore in angel round, providing capital for inventory and expansion.

Celebrity Partnership (March 2024):

In a game-changing move, Bollywood star Shraddha Kapoor joined Palmonas as co-founder. The partnership began organically with Shraddha commenting on Palmonas’ Instagram posts as a genuine customer.

Shraddha’s involvement brought:

• Massive brand visibility
• Celebrity credibility
• Alignment with values of sustainability and accessibility

Recent Developments (2025-2026)

Potential Series B (November 2025):

Reports suggest Palmonas is in advanced talks with Xponentia Capital for ₹200-250 crore at ₹1,600-1,800 crore valuation – tripling valuation in just 3 months.

Operational Expansion:

• Team scaled to 228+ employees (660% YoY growth)
• Fulfilled 6.5+ lakh orders cumulatively
• Plans for 100 stores in 2026
• International expansion to USA, Middle East, Southeast Asia

Product Innovation:

• AI-driven personalization
• Enhanced customization options
• Collaborations with designers and influencers

Celebrity Campaigns:

• Shraddha Kapoor and Amrita Rao featuring in mangalsutra campaigns
• Building brand association with Bollywood glamour

Conclusion

The journey of the Palmonas Owner reflects the rise of a new generation of Indian entrepreneurs who blend global education with strong Indian values. Pallavi Mohadikar and Dr. Amol Patwari redefined traditional jewelry by introducing demi-fine luxury that is affordable, modern, and scalable. Their success is measured not only in revenue but also in impact—creating jobs, empowering artisans, and building a brand loved by everyday consumers. Looking ahead, their vision includes nationwide expansion, global presence, innovative product lines, and responsible sourcing. For aspiring entrepreneurs, this story proves that big brands can emerge from small towns, limited capital, and imperfect beginnings—driven by courage, speed, and purpose.

Frequently Asked Questions

Q1: Who is the Palmonas owner?

Palmonas is co-founded by three owners: Pallavi Mohadikar (CEO & Co-Founder), Dr. Amol Patwari (Co-Founder), and Shraddha Kapoor (Co-Founder who joined in March 2024). Pallavi Mohadikar is the primary operational leader as CEO.

Q2: What is the Palmonas owner name?

The Palmonas owner name is Pallavi Mohadikar Patwari (CEO & Co-Founder) and Dr. Amol Patwari (Co-Founder). They are a married couple who founded the company in 2022. Bollywood actress Shraddha Kapoor joined as co-founder in 2024.

Q3: What is Palmonas owner net worth?

The Palmonas owner net worth is approximately ₹400 crore based on their 77.68% shareholding in the company valued at ₹515-550 crore (as of August 2025). With potential new funding at ₹1,600-1,800 crore valuation, the founders’ net worth could exceed ₹1,200+ crore.

Q4: What is Pallavi Mohadikar’s educational background?

Pallavi Mohadikar holds a BTech degree in Electronics & Telecommunication Engineering and an MBA in Marketing from Indian Institute of Management, Lucknow (2012-2014), one of India’s premier business schools.

Q5: How did Palmonas start?

Palmonas started from a casual tea-time conversation in 2022 between Pallavi and her husband Dr. Amol about the durability of surgical equipment. This inspired them to create jewelry using surgical-grade stainless steel with 18K gold plating. They launched the first collection just 10 days later from their home.

Q6: What is the current valuation of Palmonas?

Palmonas’ current valuation is ₹515-550 crore (as of August 2025 Series A round). The company is reportedly in talks for a new funding round at ₹1,600-1,800 crore valuation (as of November 2025).