Cricketer Virat Kohli is set to start his own chain of gyms and fitness Centres across India. One of Kohli’s partners in the venture, Mr. Satya Sinha, said the total investment to launch 75 centers of Fitness Centers in three years is around Rs 190 crores. The gyms will be launched under the brand name Chisel.
The brand is jointly owned by Kohli, Chisel Fitness and CSE, the sister concern of Cornerstone Sport & Entertainment, which is the agency that manages Kohli.
“We will launch gyms of various sizes and with different facilities according to their locations. We are also in talks with international sports-based fitness experts to bring in their expertise” said Sinha, director of Chisel Fitness, a Bangalore-based startup that specializes in corporate fitness.
“The gyms are just a start. There are plans on the anvil to launch fitness inspired clothing lines and tech wearables in the future” said Mr. Gaurav Marya, chairman of Franchise India, which is a commercial and marketing partner in this venture of Fitness Centers Chain.
The country’s fitness industry comprising branded fitness chains and standalone gyms is pegged at around Rs 1,300 crore. “These days, the reach of fitness centers goes beyond just the top ten cities. Apart from his financial equity, Kohli’s brand equity is so strong at the moment that it may catapult the chain to success” says Mr. Arvind Singhal, founder of retail consultancy Technopak.
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