Hanman Fit Ltd. Company History and Annual Growth Details

The Company was incorporated as ÂPowerhouse Fitness And Realty LimitedÂ a public limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated February 8, 2013 issued by the Registrar of Companies, Maharashtra, Mumbai. The Company received the Certificate of Commencement of Business on February 18, 2013 issued by the Registrar of Companies, Maharashtra, Mumbai. Our promoters are Mr. Akshat Gupta, Mr. Ankush Gupta and Mrs. Sushma Gupta.

We are a fitness chain operating in Mumbai and also have the presence in Surat and Jaipur through our franchise. We operate our Gyms under the brand 'Powerhouse Gyms' which is owned by Powerhouse Gyms International headquartered in Detroit, USA.

The Gyms are state of the art facilities with services including gyms, steam, aerobics and diet counseling amongst others.

The first gym was established in May 1999, as 'QÂs Fitness Studio' a proprietary firm with Mr. Ashok Gupta HUF as its sole proprietor at Santacruz West, Mumbai. After the success of the Santacruz centre another centre was set up at Vile Parle, Mumbai in October 2004.
'QÂs Fitness Studio' has signed a Master Licensing Agreement dated March 21, 2005 with Powerhouse Licensing LLC, which provides us with the exclusive right to set up and operate Powerhouse Gyms and to use and license of the Powerhouse Gyms and the associated trademarks in the gyms in India, Nepal, Bangladesh and Sri Lanka set up and run Powerhouse gyms in India, Sri Lanka, Nepal, Bangladesh and Maldives. The first Powerhouse fitness centre in India was set up in November 2005 at at Juhu (Mumbai). The centres at Santacruz
and Vile Parle were converted to Powerhouse.

Key Events and Milestones:

2012-13 - Incorporation

2012-13 - Consolidation of Business

2014

- Increase in number of gyms to 13
- Entered into three franchise agreements for Santacruz, Surat and Jaipur
- The equity shares of Powerhouse Fitness And Realty Ltd (Scrip Code: 538731) are listed and admitted to dealings on the Exchange in the list of 'MT' Group Securities.

2018

-The Company has issued Bonus Shares in the Ratio of 1:20.

2019

-Company name has changed to Hanman Fit Ltd. from Powerhouse Gym & Wellness Ltd..

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