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Talwalkars

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Talwalkar
[REDACTED]
Company typePublic Company
Traded asBSE: 533200
NSE: TALWALKARS
GenreFitness- Health -Aerobics - Cardio
Founded1932
FounderMadhukar Talwalkar
HeadquartersMumbai, India
Key peopleMadhukar Talwalkar
Prashant Talwalkar
Vinayak Ratnakar Gawande
Harsha Ramdas Bhatkal
Anant Ratnakar Gawande
Girish Talwalkar

Talwalkars Health Clubs Ltd, popularly known as Talwalkars, was India's largest chain of health clubs. At its peak it had 152 Health Clubs across 80 cities in India on a consolidated basis, with over 200,000 members. In 2020 bankruptcy proceedings were issued against the company for defaulting on loan payments.

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. 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. 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.

References

  1. ^ 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. 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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