The 5-year analysis of Talwalkars Better Value Fitness Ltd's performance infers:
We analysed the performance of Talwalkars Better Value Fitness Ltd share prices over the last 10 years. Here is what we found out:
Talwalkars Better Value Fitness incorporated as â€œTalwalkars Better Value Fitness Private Limitedâ€, a private limited company under the provisions of the Indian Companies Act, 1956, vide Certificate of Incorporation dated April 24, 2003 at Mumbai, Maharashtra. Pursuant to a Board resolution dated September 10, 2009 and a special resolution of the shareholders of the company at the EGM held on October 1, 2009, the company became a public limited company and the company's
Talwalkars Better Value Fitness incorporated as â€œTalwalkars Better Value Fitness Private Limitedâ€, a private limited company under the provisions of the Indian Companies Act, 1956, vide Certificate of Incorporation dated April 24, 2003 at Mumbai, Maharashtra. Pursuant to a Board resolution dated September 10, 2009 and a special resolution of the shareholders of the company at the EGM held on October 1, 2009, the company became a public limited company and the company's name was changed to â€œTalwalkars Better Value Fitness Limitedâ€. The fresh Certificate of Incorporation to reflect the new name was issued by the RoC on November 7, 2009.
The company traces the history of its brand â€œTalwalkarsâ€ when the first gym was setup in the year 1932 by late Vishnu Talwalkar in Mumbai. Madhukar Talwalkar, eldest son of late Vishnu Talwalkar, carried on with the legacy and started his first gym in Bandra, Mumbai in the year 1962 by the name â€œTalwalkars Gymnasiumâ€. Madhukar Talwalkarhad been instrumental in creating the brand â€œTalwalkarsâ€ over the past several decades. The company, Talwalkars Better Value Fitness Limited, was co-promoted in the year 2003 by the Talwalkar Group and the Gawande Group with the object of developing â€œTalwalkarsâ€ brand as a leader in health clubs.
The company is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand â€œTalwalkarsâ€. â€œTalwalkarsâ€ has pioneered the concept of gyms in India and today it is a recognized name in the health and fitness industry. The company has grown rapidly since its inception and, as on the date operates 51 health clubs in 24 cities belonging to 11 states of the country serving over 55,000 members.
2003 â€“ 2004
2005 - 2006
2006 â€“ 2007
2007 â€“ 2008
2008 â€“ 2009
2009 - 2010
Products and service offering:
1. Fitness Training:
2. Nutrition Centre:
3. Value Add-ons:
The company and Life Fitness India Private Limited entered into a Memorandum of Understanding (MoU) dated November 05, 2009 for forming a joint venture company in which Talwalkars will hold 50% plus one share of its equity shareholding. Pursuant to this MoU, Aspire Fitness Private Limited (â€œAspire), a private limited company was incorporated.
Joint Venture and Associate Companies:
TPFPL incorporated on December 19, 2006 as a private limited company and registered with the Registrar of Companies, Mumbai under the name â€œTalwalkars Pantaloon Fitness Private Limitedâ€. It is engaged, in the business to organize, build, establish, run, conduct, develop, manage, promote, and maintain gymnasium, health centers, nutrition centers, health club and physiotherapy centers.
DEPL incorporated on February 8, 2005 as a private limited company and registered with the Registrar of Companies, Maharashtra, Mumbai under the name â€œDenovo Enterprises Private Limitedâ€. DEPL is engaged in the business to carry on in India and abroad the business of setting, running, building hotels, fitness club, health center, gymnasium, sports club, recreation club, swimming pools, massage house and paddling pools, libraries, hair, beauty saloons.
EWPL incorporated on June 8, 2004 as a private limited company and registered with the Registrar of Companies, West Bengal under the name â€œEquinox Wellness Private Limitedâ€. EWPL is engaged in the business to own, run, and manage gymnasium and fitness centers.
1. Life Fitness India Private Limited (LFIPL);2. Pinnacle Fitness Private Limited (PFPL);3. Talwalkars Omnifitness Private Limited (TOFPL);4. R2 Infrastructure Private Limited (RIPL);5. Better Value Leasing & Finance Limited (BVLFL);6. Gawande Consultants Private Limited (GCPL);7. Anfin Investments Private Limited (AIPL);8. Better Value Restaurants Private Limited (BVRPL);9. Better Value Properties Private Limited (BVPPL);10. Vrindavan Restaurant Private Limited (VRPL);11. Brainworks Learning Systems Private Limited (BLSPL);12. Radhika Hotels Private Limited (RHPL);13. Vakratund Land Developers Private Limited (VLDPL);14. Better Value Brands Private Limited (BVBPL)15. Popular Institute of Art Private Limited (PIAPL);16. Popular Prakashan Private Limited (PPPL)17. Indian Cookery.Com Private Limited (ICPL) and18. Popular Educational Enterprise Private Limited (PEEPL)
1. Talwalkars;2. Talwalkars Fitness Club;3. Talwalkars Health Complex;4. Fitness India Investments;5. Club Business Systems;6. Talwalkars Health & Leisure;7. Talwalkars Health Commune;8. Vrindavan;9. Bhatkal Book International;10. Popular Book Depot Printing Division;11. Bhatkal & Sen;12. Talwalkars Fitness Products