Have you ever scrolled through Instagram and seen those stunning, gold-like necklaces that don’t cost a fortune? If so, you’ve definitely seen Palmonas. But who is the mastermind behind this sparkle? The story of the Palmonas owner isn’t just about one person; it’s a brilliant mix of medical science, fashion expertise, and Bollywood stardom.
Actually, there are three key people who own and lead this brand. The original founders are a powerhouse couple: Pallavi Mohadikar and her husband, Dr. Amol Patwari. In a twist that sounds like a movie plot, Bollywood superstar Shraddha Kapoor loved the jewellery so much as a customer that she officially joined them as a co-founder in 2024! Together, they have turned a simple idea into a multi-crore empire that everyone is talking about.
The Full Details: Palmonas Owner & Company Profile
To make things easy, here is a quick look at the leadership team and the company’s “birth certificate.”
| Feature | Details |
| Main Palmonas Owner | Pallavi Mohadikar (CEO & Co-founder) |
| Co-Founders | Dr. Amol Patwari & Shraddha Kapoor |
| Year Founded | 2022 |
| Headquarters | Pune, Maharashtra |
| Product Type | Demi-fine Jewellery (18k Gold Plated) |
| Materials Used | Surgical Grade Stainless Steel & Sterling Silver |
| Recent Valuation | Over ₹1,900 Crore (Post-Series B in 2026) |
| Major Investors | Vertex Ventures & XPONENTIA Capital |
The Visionary Behind the Brand: Pallavi Mohadikar
When you ask about the Palmonas owner, the first name you need to know is Pallavi Mohadikar. She isn’t new to the world of business. Before Palmonas, she founded a very successful sari brand called Karagiri. She has an MBA from the famous IIM Lucknow, which gave her the skills to build a huge brand from scratch.
Pallavi noticed that Indian women had two choices: very expensive real gold or cheap “junk” jewellery that turns green after two wears. She wanted to create something in the middle. Her goal was to make “everyday luxury” a real thing for women who want to look polished at work or at a cafe without worrying about lockers and safety.
How a Surgeon Inspired the Palmonas Owner
It might sound strange, but a doctor played a huge role in your favorite jewellery brand! Dr. Amol Patwari, an orthopedic surgeon and the second Palmonas owner, provided the scientific “secret sauce.” One evening, while talking to Pallavi, he mentioned how surgical instruments stay shiny and rust-free for years because they are made of medical-grade stainless steel.
This was the “Aha!” moment. They realized they could use that same tough, skin-safe material to make jewellery. By plating this steel with thick 18k gold, they created pieces that are waterproof, sweat-proof, and tarnish-free. This technical edge is exactly why the Palmonas owner has seen such massive success so quickly.
Shraddha Kapoor: From Fan to Palmonas Owner
In March 2024, the brand reached a whole new level of fame. Actress Shraddha Kapoor didn’t just become a “brand ambassador”—she became a Palmonas owner and co-founder. Shraddha actually started as a regular customer. She loved the quality and the “demi-fine” concept so much that she decided to invest her own money and time into the business.
Having Shraddha as a Palmonas owner adds a lot of trust. She is known for being relatable and down-to-earth, which matches the brand’s vibe perfectly. Her involvement helps the team design pieces that modern girls actually want to wear, from dainty rings to “airport look” necklaces.
What is “Demi-Fine” Jewellery Anyway?
The Palmonas owner team pioneered the term “demi-fine” in India. Imagine if 22k gold and fashion jewellery had a baby—that’s demi-fine! It uses high-quality metals like sterling silver or surgical steel as a base, covered in a thick layer of real gold. It looks exactly like the real thing but costs a fraction of the price.
This category is perfect for the “Gen Z” and Millennial crowd. They don’t want to store jewellery in bank lockers; they want to wear it while traveling, exercising, or hanging out. Because the Palmonas owner focuses on durability, you can literally wear these pieces in the shower without them losing their shine.
The Shark Tank India Connection
Did you know the Palmonas owner appeared on Shark Tank India Season 4? Pallavi and Amol walked onto the set and impressed the Sharks with their incredible growth numbers. They eventually struck a deal with Namita Thapar and Ritesh Agarwal (the founder of OYO).
The Sharks were amazed that the company grew its revenue by 40 times in just one year! This investment helped the Palmonas owner expand from just an online website to opening beautiful physical stores in cities like Pune and Delhi. It proved that the brand wasn’t just a trend, but a serious business.
Making Luxury Accessible to Everyone
The main mission of every Palmonas owner is to “democratize luxury.” Usually, if you want something that looks like 18k gold, you have to spend thousands. At Palmonas, most items are priced between ₹800 and ₹5,000. This means a college student or a young professional can own a “luxury” piece without breaking the bank.
By keeping the prices low and the quality high, the Palmonas owner has built a community of over 6.5 lakh happy customers. They have shown that you don’t need a massive budget to have a “jewelry wardrobe” that makes you feel confident every single day.
Where is Palmonas Heading in 2026?
The future looks incredibly bright for the Palmonas owner. As of early 2026, the brand has just raised a massive ₹200 crore in Series B funding. They are planning to open over 100 new stores across India and even take the brand to the USA and UK.
The Palmonas owner team is also expanding into new areas like lab-grown diamonds and 9kt solid gold. They want to be the one-stop shop for all things “shiny.” With the combined power of Pallavi’s business brain, Amol’s science, and Shraddha’s style, Palmonas is on track to become a household name globally.
Why People Trust Palmonas
Trust is the most important thing when buying jewellery online. The Palmonas owner ensures that every piece comes with a one-year warranty. They use “gold vermeil” and “surgical steel” which are terms used by high-end international brands. This transparency is why people keep coming back.
When you buy from them, you know you aren’t getting cheap plastic or lead-filled metal. You are getting something designed by a Palmonas owner who actually cares about your skin health and your fashion sense. That “people-first” approach is their real secret to success.
Conclusion: A Brand Built with Heart
In short, the Palmonas owner isn’t just a title—it’s a team of three people who wanted to change how India wears jewellery. Pallavi Mohadikar, Dr. Amol Patwari, and Shraddha Kapoor have proven that when you combine a great idea with the right materials and a bit of star power, magic happens.
Whether you are looking for a gift for a friend or a little “treat yourself” moment, knowing the story of the Palmonas owner makes the sparkle feel even more special. They’ve moved jewellery out of the locker and into our daily lives!
Frequently Asked Questions (FAQs)
1. Who is the founder of Palmonas?
The original founders are Pallavi Mohadikar and Dr. Amol Patwari. Bollywood star Shraddha Kapoor joined them later as a co-founder.
2. Does Shraddha Kapoor really own Palmonas?
Yes! Shraddha Kapoor is a co-founder and a significant Palmonas owner. She is involved in the brand’s creative vision and growth.
3. Is Palmonas jewellery made of real gold?
It is “demi-fine” jewellery. This means it has a base of sterling silver or surgical steel and is plated with a thick layer of real 18k gold.
4. Where is the Palmonas head office located?
The company is based in Pune, Maharashtra, where they also opened their very first offline store.
5. Was Palmonas on Shark Tank?
Yes, the Palmonas owner team appeared on Shark Tank India Season 4 and secured an investment from Ritesh Agarwal and Namita Thapar.
