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.