Kishore Biyani's Future Group in partnership with healthcare chain Talwalkars will invest around Rs 100 crore for launching 50 'Fit and Active' centres in shopping malls across India.
MUMBAI: Kishore Biyani's Future Group in partnership with healthcare chain Talwalkars will invest around Rs 100 crore in the next three years for launching 50 'Fit and Active' centres in shopping malls across India.
The two companies have joined hands to form a joint venture - Talwalkars Pantaloon Fitness Private Limited.
"We plan to launch 50 Talwalkars Fit and Active centres over the next three years. The company plans to spend Rs two crore as initial investment in each of these centres," Future group's CEO Kishore Biyani said on Tuesday.
The area of each centre would be around 7,000-15,000 sq ft depending on the availability of space, he added.
These centres will be equipped with specially imported equipments from the world's best fitness equipment maker including Nautilus, Trecor and Schwinn and would also offer fitness regimes like yoga, aerobics, spin-cycling and others, Talwalkars Better Value Fitness Pvt Ltd Managing Director Prashant Talwalkar said.
The joint venture also plans to launch health clubs that will have gyms, spas, swimming pools and offer customers a complete range of options in the areas of health, wellness and beauty, he said.
Talwalkar said that around 3,500 personnel would be employed in the 50 centres. "We are aiming to reach Tier I and Tier II cities through retail outlets. In the next few months, we will have two centres in Bangalore, one in Siliguri and one in Noida," he added.
He said that by the end of this year, around 10 centres would be operational in various parts of the country.
Talwalkars is also planning to have stand-alone gyms in Singapore, the Middle East and other Asian countries in the next two years.
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