Talwalkars to add 65 new gyms

Talwalkars Better Value Fitness Ltd (TBVFL), a chain of health clubs is looking at increasing its presence across India by opening 65 clubs by 2012, confirms Vishal Rupani, CEO, Talwalkars Hi Fi. Out of the 65, 40 will be company owned helth clubs and rest will be franchised Hi Fi gyms. The company is planning to invest around Rs 100 crore in this expansion and is targeting the tier III and IV cities to launch these new gyms. Besides this, Talwalkars are also eyeing to have 500 health clubs in India by 2015. Presently, the company is operating through 100 health clubs in 50 cities across the nation.