Fitness First India Profile
Key Indicators
- Authorised Capital ₹ 339.00 Cr
- Paid Up Capital ₹ 30.68 Cr
- Company Age 18 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 1.50 M
- Revenue Growth -59.71%
- Profit Growth -10.22%
- Ebitda -1779.32%
- Net Worth -130.08%
- Total Assets -19.77%
About Fitness First India
Fitness First India Private Limited (FFIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 14 November 2006 and has a history of 18 years and five months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Travel And Hospitality Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 339.00 Cr and a paid-up capital of Rs 30.68 Cr.
The company has closed loans amounting to ₹1.50 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Fitness First India Private Limited India is Siddharth Sharma as COMPANY SECRETARY. Rishabh Telang and Mujtabha Magrey serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U93020KA2006PTC143540
- Company No.
155481
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
14 Nov 2006
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Travel and Hospitality
What products or services does Fitness First India Private Limited offer?
Fitness First India Private Limited offers a wide range of products and services, including Health Club Services, Fitness Club.
Fitness First India Private Limited
Explore comprehensive data for Fitness First India Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Fitness First India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Siddharth Sharma  | Company Secretary | 25-Jul-2024 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rishabh Telang | Whole-Time Director | 04-Sep-2019 | Current |
| Mujtabha Magrey | Director | 04-Sep-2019 | Current |
Financial Performance of Fitness First India.
Fitness First India Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 59.71% decrease. The company also saw a substantial fall in profitability, with a 10.22% decrease in profit. The company's net worth observed a substantial decline by a decrease of 130.08%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Fitness First India?
In 2022, Fitness First India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Cultfit Healthcare Private LimitedRishabh Telang and Mujtabha Magrey are mutual person
F2 Fun And Fitness (India) Private LimitedRishabh Telang and Mujtabha Magrey are mutual person
Transfit Venture Private LimitedRishabh Telang and Mujtabha Magrey are mutual person
- Acefit Alliance Gym Service Providers Association
Rishabh Telang and Mujtabha Magrey are mutual person
- Rugby League India Federation
Mujtabha Magrey is a mutual person
- Curefit Healthcare Private Limited
Siddharth Sharma is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹0.15 Cr
Charges Breakdown by Lending Institutions
- The Hongkong And Shanghai Banking Corporation Limited : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jul 2017 | The Hongkong And Shanghai Banking Corporation Limited | ₹1.50 M | Satisfied |
How Many Employees Work at Fitness First India?
Fitness First India has a workforce of 33 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Fitness First India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Fitness First India's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Fitness First India
Recent activity within the organization
- Annual General Meeting
Fitness First India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Director Appointment
Siddharth Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 25 Jul 2024 & has been associated with this company since 8 months 20 days .
- Balance Sheet
Fitness First India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Rishabh Telang was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 04 Sep 2019 & has been associated with this company since 5 years 7 months .
- Director Appointment
Mujtabha Khursheed Magrey was appointed as a Director was appointed as a Director on 04 Sep 2019 & has been associated with this company since 5 years 7 months .
- Charges
A charge registered on 13 Jul 2017 via Charge ID 100115525 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 25 Feb 2019.
Recent News, Updates & Announcement
- "Powerhouse Merger: CureFit and Fitness First India Join Forces to Revolutionize Preventive Healthcare with Oaktree Capital's Backing".
When two fitness brands merge to form a powerhouse, it's a win-win for everyone! CureFit and Fitness First India join forces to provide top-notch health and fitness services to customers. With Oaktree Capital's backing, this well-funded startup aims to revolutionize preventive healthcare through online and offline channels. With a focus on fitness, nutrition, and mental well-being, this new entity is set to dominate the market. #FitFam #HealthGoals #StartupSuccess.
- Cure.fit Acquires Fitness First India, Becomes Second Largest Fitness Chain with Annual Revenue of Rs 300 Crore and Plans for Expansion.
Cure.fit buys Fitness First India, Oaktree Capital joins board of Cult.fit. Fifth acquisition for Cure.fit, now second largest fitness chain in India. Annual revenue of Rs 200 crore for Cult.fit and Rs 100 crore for Eat.fit. Launching Care.fit and raising more funds. Fitness First adds 20,000 customers to Cult. Fitness First brand to continue. Access to prime locations in Mumbai and Delhi. Fitness First team joins Cult. Founded by ex-Flipkart execs in 2016..
Frequently asked questions
What is the Incorporation or founding date of Fitness First India Private Limited?
Fitness First India Private Limited was incorporated on 14 Nov 2006.
What is authorized share capital and paid-up capital of Fitness First India Private Limited?
The authorized share capital of Fitness First India Private Limited is ₹ 339.00 Cr and paid-up capital is ₹ 30.68 Cr.
Who are the current board members & directors of Fitness First India Private Limited?
Currently 3 directors are associated with Fitness First India Private Limited.
- Rishabh Telang
- Mujtabha Khursheed Magrey
- Siddharth Sharma
What is the registered address of Fitness First India Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Fitness First India Private Limited is No. 17 17C Bda Sector 3, Hsr Layout India, Bangalore, Karnataka, 560102.
What is the corporate identification number (CIN) and company number of Fitness First India Private Limited?
The corporate identification number (CIN) of Fitness First India Private Limited is U93020KA2006PTC143540 and the company number is 155481 as per Ministry of Corporate Affairs (MCA).
What is the official website of Fitness First India Private Limited?
The Official website of Fitness First India Private Limited is https://www.fitnessfirst.net.in
What has been the recent revenue trend for Fitness First India Private Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Fitness First India Private Limited has fallen by -59.71%.
How many employees does Fitness First India Private Limited currently have?
As Per 2021 financial reports, 33 employees are currently employed by Fitness First India Private Limited.
What change has been observed in the net worth of Fitness First India Private Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Fitness First India Private Limited has experienced an downturn of -130.08%.
When was the last Balance Sheet of Fitness First India Private Limited filed with the ROC?
The most recent Balance Sheet for Fitness First India Private Limited was filed with the ROC on 31 Mar 2024.
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