Fitness chains in India to witness cut-throat competition, says Anytime Fitness’ MD

ET Health World Press Release –

With the rise in disposable income, people are now shifting to healthier eating habits and heading for gym membership leading to penetration of more gym and fitness centres in India.

Rashmi Mabiyan from ETHealthworld interviewed Vikas Jain, the Managing Director at Anytime Fitness, to gain insights into their outlook on the health and fitness industry and its expansion in India. Having established their inaugural gym in India in February 2013, Anytime Fitness has successfully grown its presence with 76 operational gyms nationwide. Jain revealed that the company has achieved a commendable revenue and margin of 30-33%.

anytime fitness india managing director vikas jain

Q. How do you see the health and fitness industry in India? 

Vikas Jain: At the end of FY2018, revenues in the Indian fitness market amounted to USD 908 million. Further growth in the segment, expected at a CAGR of 9.3% between 2018 and 2022, it is expected to take the total market value to a whopping USD 1,296 million in 2022. With this kind of giant growth in the fitness industry, there is going to be cut-throat competition among all the fitness chains and more to launch in the market.

August 13, 2019by