Talwalkars
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| Company type | Public Company |
|---|---|
| BSE: 533200 NSE: TALWALKARS | |
| Genre | Fitness- Health -Aerobics - Cardio |
| Founded | 1932 |
| Founder | Madhukar Talwalkar |
| Headquarters | Mumbai, India |
Key people | Madhukar Talwalkar Prashant Talwalkar Vinayak Ratnakar Gawande Harsha Ramdas Bhatkal Anant Ratnakar Gawande[1] Girish Talwalkar |
Talwalkars Health Clubs Ltd, popularly known as Talwalkars, was India's largest chain of health clubs.[2] At its peak it had 152 Health Clubs across 80 cities in India on a consolidated basis, with over 200,000 members.[1] In 2020 bankruptcy proceedings were issued against the company for defaulting on loan payments.[3]
History
[edit]Established in 1932, by late Mr. Vishnupant Talwalkar, his eldest son - Madhukar Talwalkar, further continued under the name "Talwalkars Gymnasium" in Bandra, Mumbai in 1962.[4] In March 2014, UK based David Lloyd Leisure group begun talks with the management of Talwalkars to acquire around 20 percent stake in the company.[5] In June 2015, Talwalkars Better Value Fitness and David Lloyd announced their intention to create a joint venture (JV) establishing and managing leisure clubs in India.[6]
References
[edit]- ^ a b CJ: rahul apte.. "Talwalkars official fitness partner for Kingfisher Calendar Girl 2011 Hunt". indiainfoline.com. Retrieved 4 September 2010.
- ^ rahul apte (14 April 2008). "Talwalkars intensifies expansion drive with 8 new branches opened within a fortnight". Indiaprwire.com. Retrieved 4 September 2010.
- ^ "Fitness brand Talwalkars dragged to bankruptcy court by Axis Bank over unpaid dues". Economic Times. 12 August 2020. Retrieved 17 August 2022.
- ^ "Talwalkars History, Spreading fitness in over 50 cities". Talwalkars.net. Retrieved 9 January 2013.
- ^ "Talwalkars, David Llyod [sic] eyes 20% stake in Talwalkars, chain of health centres". The Economic Times. 27 March 2014. Archived from the original on 3 April 2014.
- ^ "Talwalkars, David Lloyd Leisure to create 50:50 JV to develop leisure clubs". Mint.