One of India's leading gymnasium chains Talwalkars Better Value Fitness Ltd hopes to add 100 fitness centres over the next three years to take the total above 250.
Of the total planned centres, 20 will be rolled out via the company-owned format in the locations where the brand currently has no presence. The remaining 80 centres will be opened in the existing markets through the franchise mode. The company looks at investing about Rs 70 crore to open its own centres.
Besides this, Talwalkars has agreed to acquire a 50 per cent stake in Chennai-based Zorba chain of yoga studios for an undisclosed amount. This is its second such deal in the southern city and the fourth strategic deal in as many months.
Talwalkars hopes the investment into Zorba will strengthen its wellness and fitness offerings in the Chennai market and also help the company to expand its yoga training activities across multiple locations in India. Zorba, launched in 2013 by Sarvesh Shashi, offers six courses and eight alternative therapies in yoga, Zumba, posture correction and healing.