Talwalkars
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| File:Talwalkar logo.gif | |
| 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 | edit source]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
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