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Talwalkars Better value Fitness Ltd.

BSE: 533200 Sector: Others
NSE: TALWALKARS ISIN Code: INE502K01016
BSE 00:00 | 22 Mar Talwalkars Better value Fitness Ltd
NSE 05:30 | 01 Jan Talwalkars Better value Fitness Ltd
OPEN 1.45
PREVIOUS CLOSE 1.45
VOLUME 30842
52-Week high 2.79
52-Week low 1.45
P/E 1.84
Mkt Cap.(Rs cr) 4
Buy Price 1.52
Buy Qty 5000.00
Sell Price 1.45
Sell Qty 17598.00
OPEN 1.45
CLOSE 1.45
VOLUME 30842
52-Week high 2.79
52-Week low 1.45
P/E 1.84
Mkt Cap.(Rs cr) 4
Buy Price 1.52
Buy Qty 5000.00
Sell Price 1.45
Sell Qty 17598.00

Talwalkars Better value Fitness Ltd. (TALWALKARS) - Company History

Talwalkars Better Value Fitness Private Limited is India's largest chain of health centres. It has 50000 members and 33 ultramodern branches across major cities in the country. The company fitness centres are in Mumbai Delhi Bangalore Hyderabad Chennai Pune Mumbai Thane Cochin Vijayawada Secunderabad Jaipur Indore Kolkata Nagpur and Vizag.The company was originally incorporated on April 24 2003 as Talwalkars Better Value Fitness Pvt Ltd. In June 30 2003 the company acquired and took over the entire business as a going concern of Talwalkars Health Unlimited a partnership firm of the promoters. In September 2003 the company made an agreement for purchase of business of Talwalkar Omnifitness Private Limited situated at Ulsoor Bangalore.In June 15 2005 the company executed a franchisee agreement with Pinnacle Fitness Private Limited for 2 gymnasiums located at NCR. In August 2005 it also executed franchisee agreements with Kandarkar & Shinde Associates and Equinox Wellness Private Limited for gymnasiums located at Navi Mumbai and Kolkata respectively. In August 6 2006 the company executed a joint venture agreement with Palestra Enterprises Pvt Ltd for running a joint venture in the name of Denovo Enterprises Pvt Ltd and in August 10 2006 it executed a franchisee agreement with Denovo Enterprises Pvt Ltd for gymnasiums located at Jaipur and Indore. In October 5 2006 the company entered into a joint venture agreement with Pantaloon Retail (India) Ltd for running a joint venture in the name of 'Talwalkars Pantaloon Fitness Pvt Ltd. During the year 2008-2009 the company commenced a dormitory and training academy at Thane. In June 24 2008 it entered into an agreement for the purchase of business of Talwalkars Health Commune situated at Chembur Mumbai and in July 15 2008 it entered into another agreement for the purchase of business of Club Business Systems at Nungumbakkam Chennai. In September 17 2008 the company executed a franchisee agreement with Jyotsna Shinde & Associates for gymnasium located at Byramji Town Nagpur. In October 1 2009 the company became a public limited company the name of the company was changed to Talwalkars Better Value Fitness Ltd. In November 5 2009 the company signed an MoU with Life Fitness India Private Limited for setting up additional gyms.

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