Talwalkars
{{Short description|Indian health club chain}}
{{Cleanup rewrite|date=April 2021}}
{{Use Indian English|date=August 2021}}
{{Use dmy dates|date=January 2014}}
{{Infobox company
| name = Talwalkar
| logo = Talwalkar logo.gif
| logo_size = 150px
| type = Public Company
| traded_as = {{BSE was|533200}}
{{NSE was|TALWALKARS}}
| founder = Madhukar Talwalkar
| area_served =
| key_people = Madhukar Talwalkar
Prashant Talwalkar
Vinayak Ratnakar Gawande
Harsha Ramdas Bhatkal
Anant Ratnakar Gawande{{cite web|author=CJ: rahul apte.. |url=http://www.indiainfoline.com/Markets/News/Talwalkars-now-official-fitness-partner-for-the-Kingfisher-Calendar-Girl-Hunt-2011/4960699436|title=Talwalkars official fitness partner for Kingfisher Calendar Girl 2011 Hunt|publisher=indiainfoline.com |access-date=4 September 2010}}
Girish Talwalkar
| industry =
| genre = Fitness- Health -Aerobics - Cardio
| products =
| services =
| revenue =
| operating_income =
| net_income =
| num_employees =
| parent =
| divisions =
| subsid =
| footnotes =
| foundation = 1932
| location = Mumbai, India
| origins =
| homepage =
| dissolved =
}}
Talwalkars Health Clubs Ltd, popularly known as Talwalkars, was India's largest chain of health clubs.{{cite web|author=rahul apte |url=http://www.indiaprwire.com/pressrelease/health-care/200804108669.htm |title=Talwalkars intensifies expansion drive with 8 new branches opened within a fortnight |publisher=Indiaprwire.com |date=14 April 2008 |access-date=4 September 2010}} At its peak it had 152 Health Clubs across 80 cities in India on a consolidated basis, with over {{formatnum:200000}} members. In 2020 bankruptcy proceedings were issued against the company for defaulting on loan payments.{{cite web|url=https://economictimes.indiatimes.com/news/company/corporate-trends/gymn-operator-talwalkars-dragged-to-bankruptcy-court/articleshow/77498740.cms |title=Fitness brand Talwalkars dragged to bankruptcy court by Axis Bank over unpaid dues |publisher=Economic Times |date=12 August 2020 |access-date=17 August 2022}}
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.{{cite web|url=http://www.talwalkars.net/History.aspx |title=Talwalkars History, Spreading fitness in over 50 cities |publisher=Talwalkars.net |access-date=9 January 2013}}
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.{{cite web|url=http://articles.economictimes.indiatimes.com/2014-03-27/news/48630345_1_talwalkars-better-value-fitness-anant-gawande-fitness-first |archive-url=https://web.archive.org/web/20140403052833/http://articles.economictimes.indiatimes.com/2014-03-27/news/48630345_1_talwalkars-better-value-fitness-anant-gawande-fitness-first |url-status=dead |archive-date=3 April 2014 |title=Talwalkars, David {{sic|Llyod|nolink=y}} eyes 20% stake in Talwalkars, chain of health centres |work=The Economic Times |date=March 27, 2014}} 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.{{cite web|url=http://money.livemint.com/news/company/news/talwalkars-david-lloyd-leisure-to-create-50-50-jv-to-develop-leisure-clubs-378664.aspx|title=Talwalkars, David Lloyd Leisure to create 50:50 JV to develop leisure clubs|publisher=Mint}}
References
{{reflist}}
Category:Medical and health organisations based in India
Category:Companies based in Mumbai
Category:Health care companies established in 1932
Category:1932 establishments in India
Category:Companies formerly listed on the National Stock Exchange of India
Category:Companies formerly listed on the Bombay Stock Exchange