Brands
Gympik expands its footprint by acquiring Oyofit
MUMBAI: Bangalore based Gympik Health Solutions Pvt. Ltd., which owns and runs Gympik.com, the largest fitness discovery platform of India has increased its foot print in the corporate wellness catergory by acquiring Oyofit. a fitness aggregator for enterprises and individuals.
Founded in September 2015, by Shivank Agarwal and Ruchik Garg, Oyofit, has unique gym membership offerings for individuals and corporate that includes DreamOrbit, HackerRank, AirRescue, MoveInSync, FxCart, HackerEarth, RazorPay, Jet Airways, Furlenco and HomeLane.
“Corporate wellness is gaining prominence as its benefits range from increased employee productivity, higher engagement, lesser absenteeism and higher ROI. This acquisition is part of our strategy to expand the business of our corporate wellness solutions and become the leaders in this sector. Oyofit has established a strong presence in the corporate fitness category. We bring the strengths of strong network of personal trainers and the capability to deliver wellness solutions that cater to the unique needs of employees. Together, our abilities will enable us bring wellness solutions to corporates in the most efficient way” said Gympik founder and CEO Amaresh Ojha without disclosing the consideration.
The co-founders and the core members of the Oyofit team will join Gympik and Shivank Agarwal, co-Founder of Oyofit, will be part of the Gympik leadership team.
“It will be an opportunity for Oyofit to be part of Gympik and build the corporate wellness category which has tremendous potential in the coming years” said Oyofit co-founder Shivank.
Gympik was founded in December 2012 by Ojha, with a vision of creating technology driven solutions that impact the fitness choices of individuals that enable them to lead a healthy life. They have raised an undisclosed amount in the pre-series A funding in 2016 from Roundglass partners. Gympik is rapidly expanding with more than 9000 fitness centers and 6000 personal trainers on their platform and presence in 20 cities. They are now venturing into corporate wellness to drive healthier change at workplaces and build a healthy and fit working community in India.
Brands
Tata Sons defers decision on chairman N Chandrasekaran’s third term
Term runs till 2027, but board differences are stalling extension talks
MUMBAI: Tata Sons has deferred a decision on whether to extend the tenure of its chairman, N Chandrasekaran, injecting fresh uncertainty into the leadership timeline of India’s largest conglomerate.
The board had last year cleared a third executive term for Chandrasekaran running until February 2027, when he turned 65. However, deliberations on any further extension were put on hold this week after differences emerged during a board meeting, CNBC-TV18 reported, citing people familiar with the matter.
The pause underscores internal strains as the group pushes through an aggressive investment cycle while grappling with uneven financial returns. The Economic Times reported that Chandrasekaran himself asked for discussions on his reappointment to be deferred after some directors raised concerns about mounting losses at several newer businesses.
Those concerns were led by Tata Trusts chairman Noel Tata, the principal shareholder of Tata Sons. Other board members countered that losses were expected in early-stage, capital-intensive ventures designed to secure the group’s long-term position.
Since taking charge in 2017, following the ouster of Cyrus Mistry, Chandrasekaran has driven a phase of expansion and consolidation. Over the past five years, the tata group has nearly doubled revenue and more than tripled net profit and market capitalisation, while committing about Rs 5.5 lakh crore to investments aimed at making the conglomerate “future fit”, according to its latest annual report.
Recent numbers, however, present a more mixed picture. Tata Sons reported a 24 per cent rise in revenue to Rs 5.92 lakh crore in fiscal 2025, while net profit fell 17 per cent to Rs 28,898 crore.
In its annual report, the company said the year opened with expectations of macroeconomic stability and easing inflation. That optimism faded as uncertainty over global trade policy intensified, complicating the operating environment.
For now, the question of leadership continuity at the apex of the Tata Group remains unresolved and closely watched by investors assessing the cost and conviction behind the conglomerate’s long-term bets.
