# PC Jeweller becomes debt-free

> PC Jeweller clears debt with all 14 consortium banks.
- Title: PC Jeweller becomes debt-free · The Economic Times | Shortify
- Summary: PC Jeweller clears debt with all 14 consortium banks. PC Jeweller Ltd achieved debt-free status after repaying all 14 consortium banks under a September 2024…
- Keywords: pc jeweller, consortium banks, debt-free, financial position, jewellery, india, Jeweller, becomes, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/pc-jeweller-becomes-debt-free-after-clearing-dues-of-all-14-consortium-banks/articleshow/134487078.cms
- Author: PTI
- Published: 2026-09-25T13:48:00+00:00
- Read time: 1 min
- Topics: pc jeweller, consortium banks, debt-free, financial position, jewellery, india
## PC Jeweller becomes debt-free
PC Jeweller Ltd has successfully cleared dues with all 14 consortium banks to become completely debt-free.
## Debt amount cleared
The company had a total debt of around Rs 3,000 crore before clearing all dues.
## Settlement agreement
PC Jeweller opted for OTS in September 2024 to settle outstanding dues with consortium banks.
## Debt repayment completed
The company discharged all 14 consortium banks' debt ahead of scheduled due dates under the September 30, 2024 agreement.
## Financial impact
PC Jeweller reported a 37 per cent increase in net profit to rs 221.88 crore for the quarter ended june.
## Key takeaway

PC Jeweller Ltd achieved debt-free status after repaying all 14 consortium banks under a September 2024 settlement agreement.