Legal · Healthcare & Life Sciences
Cult.fit co-founder seeks to quash forgery FIR
By Startup Enthusiast ·
- Date
- Company
- Cult.fit
- What it does
- Fitness and wellness platform
- Kind
- Legal
- Based in
- Bengaluru
- Founded
- 2016
What they do
Cult.fit provides fitness services including group classes, gym access, and online workout videos through its app and physical centers across India
What happened
Co-founder Rishabh Telang has petitioned the Karnataka High Court to quash a forgery FIR filed by former co-founder Deepak Poduval
Why it matters
The legal dispute emerges shortly after Cult.fit filed draft papers for a ₹950-crore IPO, potentially complicating the company's public listing plans
The details
- Co-founder Rishabh Telang has approached the Karnataka High Court to quash a FIR (First Information Report) registered against him.
- The Bellandur Police in Bengaluru registered the case on August 6 following a complaint by former co-founder Deepak Poduval.
- Poduval alleges that Telang forged his signatures on documents related to the closure of Cult Fitness Private Limited.
- The complaint claims these documents were submitted to the Registrar of Companies without Poduval's consent or knowledge.
- Telang denies the allegations, stating the complaint is filed nearly 10 years after the events and contradicts existing records.
- The court has asked the state government and Poduval to respond by the next hearing on September 2.
- The court did not stay the investigation but noted that Telang is not under an immediate threat of arrest.
The bigger picture
- The legal challenge occurs just weeks after Cult.fit filed draft papers for a ₹950-crore IPO (Initial Public Offering).
- Poduval claims he was removed from management and that the business was shifted to Cultfit Healthcare Private Limited without compensation.
- Telang's legal team argues that Poduval was aware of the IP transfer and signed assignment deeds in 2017.
About the business
- Cult.fit operates a fitness platform offering group sessions, gym access, and home workout videos.
- Key products include cultpass ELITE, cultpass PRO, and cultpass Home.
- Workout formats feature boxing, dance fitness, yoga, and strength training.
- The company utilizes a mobile app and website for class bookings and digital content delivery.
- It maintains a high rating of 4.8 within its fitness community.
What happens next
- The Karnataka High Court will hold the next hearing on September 2.
The deal
- Type
- IPO
Founders
- Rishabh Telang, Co-founder
- Deepak Poduval, Former co-founder
About Cult.fit
- Product
- Hybrid fitness model combining digital workout offerings through app with 700+ physical gym locations
- Customers
- Fitness enthusiasts seeking gym memberships and digital workout programs
- How it makes money
- Recurring gym membership revenue plus digital subscription
Other articles talking about it
More on Cult.fit
- Cult co-founder accused of forging signatures8 August 2026 · Legal
- Cult.fit files DRHP for up to ₹4,000 crore IPO on BSE and NSE7 July 2026 · IPO · up to ₹4,000 crore
- Cult.fit expands into retail and products to boost profitability21 June 2026 · Launch
- Cult.fit appoints board members ahead of Rs 2500 crore IPO7 April 2026 · IPO · Rs 2,500 crore
- Cult.fit raises Rs 440 crore from Temasek24 March 2026 · Funding · ₹440 crore
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