BSE-listed Talwalkars Better Value Fitness (TBVFL) has announced plans to open 65 new health clubs across the country. The company will open 40 more Talwalkar gyms across metros, tier I and II cities and 25 specialty format Hi Fi gyms in tier III and IV cities in this fiscal. Most of the upcoming gyms would be franchisee-owned. The an...nual fee to join a Talwalkars Health Club is around Rs 13,000-15,000, and for the Hi Fi gym it would be around Rs 8,000-9,000. Anant Gawande, director and CFO, Talwalkars, said, “We are investing around Rs 100 crore for the rollout of 65 gyms pan-India. Of this, Rs 70-75 crore is being allotted for Talwalkar gyms. The money would be raised from internal accruals. The brand name Hi Fi stands for `Healthy India Fit India' movement. The first Hi Fi gym is scheduled for launch later this week. The next two quarters will see the launch of ten Hi Fi gyms."