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Cult.fit faces forgery allegations as it prepares for a proposed ₹4,000 Cr IPO
Cult.fit faces founder-linked forgery allegations over a 2016 asset and IP transfer involving Cult Fitness. Rishabh Telang denies wrongdoing, while Cult.fit says it is not an FIR accused. The dispute emerges shortly after its draft IPO filing.
Reported figures
From the report. Source details below
| FY26 net loss ₹251.8 Cr, down | 47.6% YoY |
|---|---|
| FY26 operating revenue ₹1,720.6 Cr, up | 41.5% YoY |
| FY26 total expenses ₹2,027.5 Cr, up | nearly 16% |
Also in the report
- Up to ₹950 Cr fresh issue
- Up to 17.86 Cr shares offered for sale
The source
First seen