About Fitness First India Private Limited
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Fitness First India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Cultfit Healthcare Private Limited. It operates in the wellness and healthcare centers segment of the travel and hospitality sector. It was incorporated on 14 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93020KA2006PTC143540. Its GSTIN is 29AABCF0249C3ZZ (Karnataka). The company holds 13 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹339 Cr and a paid-up capital of ₹30.68 Cr. It is led by directors Rishabh Telang (Whole-Time Director) and Mujtabha Khursheed Magrey.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 17 & 17C Bda Sector 3 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.83 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹14.5 Lakh (net margin -1.2%) and EBITDA of ₹20,000 (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 27% over five years.
The company has about 92 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fitness First. As per MCA filings, the company has satisfied charges of ₹15 Lakh on record. Court records list 13 cases involving the company, including 10 filed by the company and 3 filed against it; 2 cases are pending. The company has 12 deals on record (4 secondary share transfers, 3 convertible or debt financings, 3 rights issues), with disclosed funding of ₹207.03 Cr; the latest was in July 2020. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 102 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fitnessfirst.net.in.
Company details
CIN history
Fitness First India has one previous CIN (Corporate Identification Number): U93020DL2006PTC155481. The current CIN is U93020KA2006PTC143540, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93020KA2006PTC143540 | Current |
| U93020DL2006PTC155481 | Previous |
Contact details
Fitness First India Private Limited's registered office is in Bangalore, Karnataka. Its website is fitnessfirst.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 17 & 17C Bda Sector 3 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryTravel and Hospitality, Wellness & Healthcare Centers
To see the full contact details of Fitness First India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Fitness First India operates one associated brand: Fitness First. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A chain of fitness clubs is operated by Fitness First. | fitnessfirst.com |
Financials of Fitness First India Private Limited
FY 2025 filings availableFitness First India Private Limited reported revenue of ₹11.83 Cr (up 394167% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years. EBITDA rose 100% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹20,000 | ||||
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| Net Profit (PAT) | -₹14.5 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | -1.2% | ||||
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To see the full financial statements and ratios of Fitness First India Private Limited, buy the company report.
Board of directors of Fitness First India Private Limited
Fitness First India has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishabh Telang Also directs: Sr Health Edit LLP, F2 Fun and Fitness (India) Private Limited, Cultfit Healthcare Private Limited and 2 more | Whole-Time Director | 04 Sep 2019 | 7 Years 2 Months | Current |
| Mujtabha Khursheed Magrey Also directs: F2 Fun and Fitness (India) Private Limited, Cultfit Healthcare Private Limited, Transfit Venture Private Limited and 3 more | Director | 04 Sep 2019 | 7 Years 2 Months | Current |
Auditor
Fitness First India Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Fitness First India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fitness First India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2017 | 100115525 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Lakh | Satisfied |
To see the full charge records of Fitness First India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Fitness First India Private Limited has 12 deals on record (4 secondary share transfers, 3 convertible or debt financings, 3 rights issues), with disclosed funding of ₹207.03 Cr; the latest was in July 2020.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Rights issue | ₹57.5 Cr | Investors: Cultfit Healthcare Private Limited |
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: Cultfit Healthcare Private Limited Seller: Oaktree Capital Management |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Cultfit Healthcare Private Limited Seller: Oaktree Capital Management |
| May 2018 | Acquisition | ₹265.88 Cr | Buyer: Oaktree Capital Management Seller: Moray Limited |
| Feb 2017 | Rights issue | ₹50.2 Cr | Investors: Moray Limited, Cultfit Healthcare Private Limited |
To see the full deal history of Fitness First India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fitness First India Private Limited has 13 court cases on record: 10 filed by Fitness First India, 3 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 2 |
| District courts | 3 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against Ambience Developers & Infrastructure Private Limited | Disposed |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Ambience Developers & Infrastructure Pvt. Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed by the company against M/S Niit Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Ambience Developers and Infrastructure Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.) | Filed by the company against Ambience Developers and Infrastructure Private Limited | Disposed |
To see the full case history of Fitness First India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Fitness First India Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 102 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Lead Tax Management Solutions Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Fitness First India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Fitness First India Private Limited has a workforce of 92 employees on its EPFO records as of Oct 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 92 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Fitness First India Private Limited, buy the company report.
GST
Fitness First India has 13 GST registrations: 5 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF0249C3ZZ | Karnataka | Active | 30 Aug 2023 |
| 06AABCF0249C1Z9 | Haryana | Active | 01 Jul 2017 |
| 27AABCF0249C2Z4 | Maharashtra | Active | 01 Jul 2017 |
| 07AABCF0249C3Z5 | Delhi | Active | 13 Jul 2017 |
To see the full GST registrations and return filing status of Fitness First India Private Limited, buy the company report.
Recent activity
Fitness First India Private Limited has 16 board changes on record since 2007: 2 appointments and 14 cessations. The latest: Richin Sangwan ceased to be Company Secretary on 27 Dec 2023.
9 earlier events are in the company report.
News
Frequently asked questions
Fitness First India is an active private limited company based in Bangalore, Karnataka, India. The company works in wellness and healthcare centers, within the travel and hospitality industry. It was incorporated on 14 November 2006 (20+ years old) and is registered under CIN U93020KA2006PTC143540.
Fitness First India has 2 current directors:
- Rishabh Telang - Whole-Time Director
- Mujtabha Khursheed Magrey - Director
The latest financial statements of Fitness First India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fitness First India is 29AABCF0249C3ZZ, registered in Karnataka. The company has 13 GST registrations in all, of which 5 are active and 8 are cancelled or inactive. Other active GSTINs include 06AABCF0249C1Z9 (Haryana), 27AABCF0249C2Z4 (Maharashtra), 07AABCF0249C3Z5 (Delhi).
The CIN (Corporate Identification Number) of Fitness First India is U93020KA2006PTC143540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fitness First India has 13 court cases on record: 10 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Fitness First India was incorporated on 14 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Fitness First India has 12 deals on record (4 secondary share transfers, 3 convertible or debt financings, 3 rights issues), with disclosed funding of ₹207.03 Cr; the latest was in July 2020.
Richin Sangwan ceased to be Company Secretary on 27 Dec 2023. Mujtabha Khursheed Magrey ceased to be Additional Director on 27 Sep 2019. Rishabh Telang ceased to be Additional Director on 27 Sep 2019. Fitness First India has 16 board changes on record in total.
Fitness First India has 8 MSME Form 1 returns on record between 2019 and 2024, listing 102 overdue payments to 9 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Fitness First India can be reached through the website fitnessfirst.net.in. Its registered office is in Bangalore, Karnataka, India.
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