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
- CJ: rahul apte.. Talwalkars official fitness partner for Kingfisher Calendar Girl 2011 Hunt indiainfoline.com, retrieved 4 September 2010^
- rahul apte. Talwalkars intensifies expansion drive with 8 new branches opened within a fortnight Indiaprwire.com, 14 April 2008, 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 eyes 20% stake in Talwalkars, chain of health centres The Economic Times, March 27, 2014^
- Talwalkars, David Lloyd Leisure to create 50:50 JV to develop leisure clubs Mint^