Cult.fit Limited
- Unlisted share
- Infrastructure & Services
- ISIN INE0BVO01015
At a glance
Sales
FY26
₹1,721 Cr
+41.6%on FY25What the company earned from its customers in the year.
Loss for the year
FY26
₹-252 Cr
The company spent more than it earned in the year.
Net worth
FY26
₹681 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Cult.fit Limited
- ISIN
- INE0BVO01015
- Sector
- Infrastructure & Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹653.40
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Cult.fit Limited
Cult.fit Limited is the parent company of the Cult.fit fitness group, which sells Cultpass gym memberships and runs gym brands including Fitness First through its wholly owned subsidiary Cultfit Healthcare Private Limited. It was founded by Mukesh Bansal, is professionally managed with no identifiable promoter, and counts Temasek's MacRitchie Investments, Accel and Tata Digital among its investors. In April 2026 the outside shareholders of Cultfit Healthcare were moved into Cult.fit Limited under a court-approved scheme, and in July 2026 Cult.fit Limited filed a draft prospectus for an IPO.
Written from: nsearchives.nseindia.com, nsdl.com
Listing status. Cult.fit Limited filed a DRHP dated 6 July 2026 for an IPO (fresh issue up to ₹950 crore plus an offer for sale of up to 178,609,200 shares), with listing proposed on BSE and NSE. No later offer document was on SEBI as of 9 October 2026, so it is not yet listed as far as could be found. Cult.fit Limited DRHP dated 6 July 2026 (NSE)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Infrastructure & Services
- ISIN
- INE0BVO01015
- Promoter
- Professionally managed, with no identifiable promoter
- Key people (Cult.fit Limited)
- Managing Director and Executive Chairman: Mukesh Bansal; Whole-time Director and CEO: Naresh Krishnaswamy; CFO: Bishnu Prakash Hazari
- Personnel employed by the group
- 6,331 people
- Face value per equity share
- ₹1
- Official website
- cult.fit
Read from: Cult.fit Limited DRHP dated 6 July 2026 (NSE), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
-14.6%
For every ₹100 of sales, the company lost ₹14.6.
Return on equitycalculated
-37%
For every ₹100 of the owners' money, the company lost ₹37 in the year.
Debt to equitycalculated
0.38×
The company has borrowed ₹0.38 for every ₹1 of its owners' money.
- Indicative price
- ₹653.40
- EPS
- ₹-3.27
- Face value
- ₹1
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Cult.fit Limited (formerly Cult.fit Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹927 Cr to ₹1,721 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY26: ₹-888 Cr to ₹-252 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Revenue from operations | 926.66 | 1,215.54 | 1,720.61▲42% |
| Other income | 100.46 | 56.5 | 81.21▲44% |
| Total income | 1,027.12 | 1,272.03 | 1,801.82▲42% |
| Depreciation and amortisation expense | 212.32 | 237.64 | 227.11▼4% |
| Finance costs | 87.82 | 109.49 | 125.45▲15% |
| Loss before tax | -888.06 | -483.64 | -249.88▲48% |
| Loss for the year | -888.49 | -480.83 | -251.86▲48% |
| Loss per equity share, basic and diluted (₹) | -11.92 | -6.4 | -3.27▲49% |
Rupees crore unless marked, consolidated (Cult.fit Limited, the parent). The change shown is the latest year against the year before. Read from: Cult.fit Limited DRHP dated 6 July 2026 (NSE).
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 18 Jun 2026Parent Cult.fit Limited allotted 55,975,998 bonus equity shares in the ratio 2:1. | Bonus issue | Equity shares (Cult.fit Limited) | Not stated | Not stated |
| 9 Apr 2026On the demerger of the Cultpass business into the parent, holders of Cultfit Healthcare shares other than the parent received between 1.76867 and 1.98875 Cult.fit Limited shares or preference shares for each share held. | Scheme of arrangement | Equity shares and Series F-1/F-2 CCPS (Cult.fit Limited) | Not stated | Not stated |
| 17 Mar 2026Parent Cult.fit Limited allotted 9,098,052 Series G CCPS of ₹483.62 each to MacRitchie Investments Pte. Ltd. for cash. | Private placement | Series G compulsorily convertible preference shares (Cult.fit Limited) | ₹483.62 | ₹440 Cr |
Leadership
Management
Mukesh Bansal
Managing Director and Executive Chairman (Cult.fit Limited)
Naresh Krishnaswamy
Whole-time Director and Chief Executive Officer (Cult.fit Limited)
Bishnu Prakash Hazari
Chief Financial Officer (Cult.fit Limited)
Subrata Mitra
Non-Executive Nominee Director (Cult.fit Limited; nominee of Accel India IV (Mauritius) Limited)
Kalpana Jaisingh Morparia
Non-Executive Independent Director (Cult.fit Limited)
Arun Madhavan Kumar
Non-Executive Independent Director (Cult.fit Limited); also a director of Cultfit Healthcare Private Limited
Indu Bhushan
Non-Executive Independent Director (Cult.fit Limited)
Siddharth Sharma
Company Secretary and Compliance Officer (Cult.fit Limited)
Corporate calendar
Events
- 6 Jul 2026DRHPParent Cult.fit Limited filed its draft red herring prospectus for an IPOOpen
- 25 Jun 2026ConversionParent converted to a public company and renamed Cult.fit LimitedOpen
- 18 Jun 2026BonusParent Cult.fit Limited issued bonus shares in the ratio 2:1Open
- 18 Jun 2026BuybackCultfit Healthcare board approved a buyback of its equity sharesOpen
- 10 Apr 2026MergerRemaining business of Curefit Services Private Limited amalgamated into Cultfit HealthcareOpen
- 9 Apr 2026DemergerCultpass Elite and Pro membership-servicing business demerged from Cultfit Healthcare into the parent; outside holders swapped into parent sharesOpen
- 27 Mar 2026NCLT orderNCLT Chennai approved the composite scheme among Cultfit Healthcare, Curefit Services and the parentOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Cult.fit Limited on WhatsAppIs the price shown for Cult.fit Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Cult.fit Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Cult.fit Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Cult.fit Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.