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Legal · Healthcare & Life Sciences

Cult.fit co-founder seeks to quash forgery FIR

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Date
Company
Cult.fit
What it does
Fitness and wellness platform
Kind
Legal
Based in
Bengaluru
Founded
2016
Sector
Healthcare & Life Sciences

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

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