Directors
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Our Company, Talwalkars Better Value Fitness Limited, was co-promoted in the year 2003 by the Talwalkar Group and the Gawande Group with the object of developing “Talwalkars” brand as a leader in health clubs. Through the industry expertise of Mr. Madhukar Talwalkar and guidance of our co-promoters namely, Girish Talwalkar, Prashant Talwalkar, Vinayak Gawande, Anant Gawande and Harsha Bhatkal, we have enhanced our brand equity and pan- India presence.

  • Mr. Madhukar Vishnu Talwalkar,
    Executive Chairman,

    Mr. Madhukar Vishnu Talwalkar, is the Executive Chairman of our Company. He holds Bachelor’s degree in Textile Engineering from Veer Jijamata Technical Institute, Mumbai and has 50 years of experience in health and fitness industry. He has been the Founder President of Greater Bombay Body Builders Association and is the current President of Maharashtra State Body Builders Federation. He has been driving force for our company, guiding us for our expansion and positioning and has significantly contributed in our being leader in the industry of health and fitness.

  • Mr. Prashant Sudhakar Talwalkar,
    Managing Director and CEO,

    Mr. Prashant Sudhakar Talwalkar, is the Managing Director and CEO of our Company. He holds Bachelor’s degree in Science from University of Mumbai and has 25 years experience in marketing of health clubs. He has been spearheading the effort to evolve as efficient and currently he is the Managing Director of our Company. The health clubs / spas of Talwalkars Pantaloon Fitness Private Limited are pioneered and supervised by him. He has been a key person to expand the brand-name of our Company in events like the Pantaloons Femina Miss India 2009 and Standard Chartered Mumbai Marathon 2008 and 2009. He is also responsible for corporate tie ups and other promotional activities of our Company.

  • Mr. Vinayak Ratnakar Gawande,
    Whole-time Director,

    Mr. Vinayak Ratnakar Gawande, is the Whole-time Director of our Company. He holds Bachelor’s Degree in Commerce from Mumbai University and has 30 years experience in taxation, law and finance industry. He also manages a section of hospitality sector of the group, managing a 3 star hotel at Khandala. He is currently in charge of direct and indirect tax and legal matters of our Company.

  • Mr. Girish Madhukar Talwalkar,
    Whole-time Director,

    Mr. Girish Madhukar Talwalkar, is the Whole-time Director of our Company. He holds Masters Degree in Physiotherapy from Mumbai University and has 20 years experience in handling the task of setting up and running health clubs. His expertise in project management and execution has helped the growth of our Company. He is responsible for strategic planning, corporate tie ups and human resource (HR) function of our Company and other promotional activities.

  • Mr. Harsha Ramdas Bhatkal,
    Whole-time Director,

    Mr. Harsha Ramdas Bhatkal, is the Whole-time Director of our Company. He holds a Bachelors Degree in Commerce and a Masters Degree in Business Administration from Jamnalal Bajaj Institute of Management Studies, Mumbai and has 25 years experience in publishing and marketing industry. Following, this he worked as a business journalist for Update magazine and then joined his family owned Popular Prakashan Private Limited as sales manager. He took over Value Added News Service a fledgling business database service and went on to create Vans Information one of the pioneers in the electronic information services in India. He has won several awards, including the Paul Hamlyn scholarship for young Indian publishers as also the Award for excellence in publishing given by the Federation of Indian Publishers to young Indian publishers He is responsible for brand strategy and overall marketing of the brand of our Company.

  • Mr. Anant Ratnakar Gawande,
    Whole-time Director and CFO,

    Mr. Anant Ratnakar Gawande, is the Whole-time Director and CFO of our Company. He is a fellow member of the Institute of Chartered Accountants of India since 1989 and has 20 years experience in the finance industry with specialization in leasing and hire purchase finance, investment banking, portfolio advisory services and general banking service. He has promoted Anfin Investments Private Limited and has been associated in the past with Better Value Leasing and Finance Limited, Vans Information Limited, Brainworks Learning Systems Private Limited and Popular Institute of Art Private Limited. As Whole-time Director and CFO of our Company he is actively in charge of the entire finance operations including budgets and controls of our Company.

  • Mr. Manohar Gopal Bhide,
    Non- Executive - Independent Director ,

    Mr. Manohar Gopal Bhide, is the Non- Executive - Independent Director of our Company. He holds Masters degree in Arts in Economics from Mumbai university and has experience of 49 years in the area of banking and finance. He has been the Chairman and Managing Director of Bank of India. He was also associated with State Bank of India as Managing Director and Group Executive (National Banking Division). Prior to that he served State Bank of India as Deputy Managing Director and Chief Credit Officer. He has also worked as Chief Executive Officer – State Bank of India (London), Chairman – National Institute of Banking Management, Pune, Chairman – Bank of India Shareholding Limited, Chairman – Bank of India Asset Management Company Limited and Chairman Bank of India (Africa) Limited. He has been a member of the high level committee set up investigate activities of the Unit Trust of India and the expert committee appointed by the Government of India to review the system of administered interest rates and other related issues.

  • Mr. Raman Hirji Maroo,
    Non- Executive - Independent Director,

    Mr. Raman Hirji Maroo, is the Non- Executive - Independent Director of our Company. He holds Bachelors of Science degree from Mumbai University and has a 30 years experience in the field of Entertainment Industry. Currently, he is the Managing Director of Shemaroo Entertainment Private Limited (“Shemaroo”). Mr. Maroo joined Shemaroo in 1974. In the year 1987, he acquired Hindi Film Video Rights for Home Video and cable and satellite distribution. He was responsible for Shemaroo’s joint venture partnership with Sony Pictures Entertainment (LS, USA) to set up Sony Entertainment Television in India.

  • Mr. Mohan Motiram Jayakar,
    Non- Executive - Independent Director ,

    Mr. Mohan Motiram Jayakar, is the Non- Executive - Independent Director of our Company. He holds a bachelors degree in law from Government Law Collage, Mumbai and obtained his solicitors degree in the year 1975. He was a partner with M/s. Gagrat & Co. for 22 years, having attended to all the aspects of law and specialized in customs, central excise and foreign exchange matters including writs and criminal procedure. He was a member of shipping committee of the Bombay Chamber of Commerce and has attended to International Commercial Commodity Arbitrations and Shipping and other Maritime Arbitrations. He was also a member of the panel of Arbitrators of Bombay Incorporated Law Society. He has attended to Joint Ventures, Acquisitions and Mergers and advised corporate in setting up entities in Free Trade Zone in India as well as Tax Havens worldwide including the Free Trade Zone – Dubai. He has vast experience in commercial litigations, writ litigations, election petitions, Public Interest Litigations and has appeared before various court including Board of Industrial and Financial Reconstruction & Appellate Authority of Industrial and Financial Reconstruction and Commission rates of both customs and central excise, Customs, Excise and Gold Control (Appellate) Tribunal, appellate tribunal of Forex, arbitrations before Grain and Feed Trade Association, Federation of Oil, Seeds and Fats Association and arbitrations held as per the rules of the Indian Chamber of Commerce and Singapore International Arbitration Centers. He is presently the senior partner in M/s. Khaitan, Jayakar, Sud and Vohra and heads the entire operations of the Mumbai branch of the firm.

  • Dr. Avinash Achyut Phadke,
    Non- Executive - Independent Director,

    Dr. Avinash Achyut Phadke, is the Non- Executive - Independent Director of our Company. He passed D.P.B. in October, 1980 and was awarded Dr. Salaskar Gold Medal for the same and M. D. (Path) from Mumbai University in April, 1981 and was awarded special merit certificate for the same from the University of Bombay and has 30 years of experience in pathologic practice. He participated in many regional, national and international conferences. He is Honorary Secretary to prince Aly Khan Hospital and president of executive committee and advisor to Prince Aly khan Hospital and Aga Khan Health Foundation. He is also a faculty member at Tata Institute of Social Science, Bhabha Atomic Research Centre, advisor to Family Planning Association of India, Dhanwantari Hospital, Teacher for M.D. Pathology, Bombay University. He has been awarded with Times of India group of publication – Professional of the year award by Maharashtra Times in year 2008, Healthcare express award – selected as one of the beast fifty healthcare professionals in the country in the year 2008, Best Laboratory award – one of the beast quality labs in the country in the group of top seven quality laboratories in India in May 2009 by Healthcare Express, Distinguished Doctor Award by Indian Medical Association Mumbai at special felicitation function held at IMA hall on July 05, 2009.

  • Mr. Abhijeet Rajaram Patil,
    Non- Executive, Independent Director,

    Mr. Abhijeet Rajaram Patil, is the Non- Executive, Independent Director of our Company. He holds a Bachelor’s Degree in Commerce from Mumbai University and is having 24 years of experience in tourism industry. He has worked with Eli Lily’s global marketing team, USA soon after completing his graduation. Mr. Abhijeet Patil has been involved in the family travel business since the age of 12 years. Currently, he is the Chairman and Chief Executive Officer of Raja Rani Travels Private Limited.

  • Mr. Glenn Mario Saldanha,
    Non- Executive, Independent Director,

    Mr. Glenn Mario Saldanha, is the Non- Executive, Independent Director of our Company. He holds a Bachelor’s Degree in Pharmacy from Mumbai University and is Masters Degree in Business Administration from Leonard Stern School of Business, New York University and is having 15 years of experience in Pharmaceutical Industry. He has worked with Eli Lily’s global marketing team, USA soon after completing his graduation. Mr. Saldanha has also worked with PriceWater House Copper, USA and has had an opportunity to work for pharmaceutical companies like, Rone Poulenc Rhorer, Bristol Myers Squibb, Astra Merck and Smith Kline Beecham, as consultant. Currently, he is the Managing Director and Chief Executive Officer of Glenmark Pharmaceuticals Limited.