Talwalkars Better Value Fitness

India Other consumer services

Talwalkars Better Value Fitness Ltd is India’s largest fitness chain, with over 150 gyms across 80 cities offering a diverse set of services including gyms, spas, and health counselling. Talwalkars pioneered the concept of organised fitness centres in India, setting up the first centre in Mumbai in 1932.

We are invested in Talwalkars Better Value Fitness through Ascent India Fund III, which is managed by Ascent Capital Advisors Private Limited. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Other consumer services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Ascent India Fund III
Fund Manager:
Ascent Capital Advisors Private Limited
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

June 2015