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Company type | Public Company |
---|---|
BSE: 533200 NSE: TALWALKARS | |
Genre | Fitness- Health -Aerobics - Cardio |
Founded | 1932 |
Founder | Vishnu 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]
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]
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