Artaxerxes Fitness & Lifestyle Pvt Ltd
Artaxerxes Fitness & Lifestyle Pvt. Ltd., incorporated on May 16, 2017, is a private limited company based in Mumbai, Maharashtra, India. The company operates under the Corporate Identification Number (CIN) U74999MH2017PTC294910 and is registered with the Registrar of Companies, Mumbai. Its authorized and paid-up capital stands at ₹1 crore each. The registered office is located at HD-003, WeWork NESCO IT Park, Building 4, Western Express Highway, Goregaon East, Mumbai – 400063.
Business Activities and Industry Classification
Artaxerxes Fitness & Lifestyle Pvt. Ltd. is primarily engaged in other business activities not elsewhere classified, as per its National Industrial Classification (NIC) code 7499. This classification encompasses service activities generally delivered to commercial clients, indicating the company’s involvement in providing specialized services within the fitness and lifestyle sector.
Directors and Management
The company is led by two directors Farzad Jimmy Palia and Istayak Ahmed Ansari, both of whom were appointed on the date of incorporation, May 16, 2017. Their leadership has been instrumental in steering the company’s strategic initiatives and partnerships.
Strategic Partnerships and Expansion
Artaxerxes Fitness & Lifestyle Pvt. Ltd. has established a significant partnership with UFC GYM, the first major brand extension of the Ultimate Fighting Championship®. Under the visionary guidance of Farzad Palia and Istayak Ansari, the company secured a 10-year master franchise agreement to open over 100 UFC GYM locations across India by 2033. This collaboration aims to introduce a unique fitness experience that combines martial arts, functional training, and traditional fitness, encapsulated in UFC GYM’s ‘Train Different’ philosophy.
First UFC GYM Launch in India
The inaugural UFC GYM in India was launched in West Delhi’s Punjabi Bagh area. This milestone marks the beginning of a nationwide expansion plan, with subsequent locations planned in cities like Jaipur and Vijayawada. The strategic placement of these gyms is designed to cater to the growing demand for diverse fitness options in urban centers across India.
Financial Performance and Growth
Artaxerxes Fitness & Lifestyle Pvt. Ltd. has demonstrated notable growth in its financial performance. In the financial year ending March 31, 2022, the company reported a 25.93% increase in total revenue. However, this growth was accompanied by a 26.60% decline in profitability, indicating challenges in managing costs and operational efficiencies. Additionally, the company’s net worth experienced a significant decrease of 29.37%, reflecting the financial pressures associated with rapid expansion and infrastructure development.
Workforce and Employment
As of March 29, 2024, Artaxerxes Fitness & Lifestyle Pvt. Ltd. employed 32 individuals. The company’s workforce is integral to its operations, supporting various functions from gym management to customer service. The emphasis on employee training and development aligns with the company’s commitment to delivering high-quality fitness services to its clientele.
Corporate Compliance and Governance
The company maintains active status with the Registrar of Companies and adheres to the regulatory requirements set forth for private limited companies in India. Its Annual General Meeting (AGM) for the financial year 2023 was held on December 30, 2023, with the balance sheet for the same period filed on March 31, 2023. These filings underscore the company’s commitment to transparency and corporate governance.
Registered Office and Contact Information
Artaxerxes Fitness & Lifestyle Pvt. Ltd. is headquartered at HD-003, WeWork NESCO IT Park, Building 4, Western Express Highway, Goregaon East, Mumbai – 400063. For inquiries, the company can be contacted via email at contact@ufcgym.in.
Artaxerxes Fitness & Lifestyle Pvt. Ltd. stands as a prominent entity in India’s fitness and lifestyle industry, propelled by its strategic partnership with UFC GYM. The company’s ambitious expansion plans reflect its commitment to revolutionizing the fitness landscape in India. While facing financial challenges, Artaxerxes continues to focus on growth and innovation, aiming to establish a robust presence in the Indian market.