Talwalkars

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Talwalkar
Company typePublic Company
BSE: 533200
NSE: TALWALKARS
Genre Fitness- Health -Aerobics - Cardio
Founded1932
FounderMadhukar 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

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

  1. 1 2 CJ: rahul apte.. "Talwalkars official fitness partner for Kingfisher Calendar Girl 2011 Hunt". indiainfoline.com. Retrieved 4 September 2010.
  2. ↑ rahul apte (14 April 2008). "Talwalkars intensifies expansion drive with 8 new branches opened within a fortnight". Indiaprwire.com. Archived from the original on 29 December 2010. Retrieved 4 September 2010.
  3. ↑ "Fitness brand Talwalkars dragged to bankruptcy court by Axis Bank over unpaid dues". Economic Times. 12 August 2020. Retrieved 17 August 2022.
  4. ↑ "Talwalkars History, Spreading fitness in over 50 cities". Talwalkars.net. Retrieved 9 January 2013.
  5. ↑ "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.
  6. ↑ "Talwalkars, David Lloyd Leisure to create 50:50 JV to develop leisure clubs". Mint.
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