Cult.fit (formerly CureFit), India’s largest integrated fitness and wellness platform, was co-founded in 2016 by Mukesh Bansal and Ankit Nagori in Bangalore. Today, Cult.fit CEO Naresh Krishnaswamy leads the company’s growing business across nearly 700 fitness centers in 40+ cities, serving millions of active members. Appointed CEO in October 2023, Krishnaswamy is an IIT Madras engineer and IIM Calcutta MBA who joined the company in 2018 after serving as Chief Revenue Officer at Myntra. Under his leadership, Cult.fit posted 31% revenue growth in FY25 to Rs 1,216 crore while slashing losses nearly in half, positioning the fitness unicorn for a potential Rs 2,500 crore IPO.

Naresh Krishnaswamy — Quick Facts

Cult.fit Competitors

Cult.fit operates in India’s rapidly growing fitness and wellness industry. The key competitors of Cult.fit include:

• GOQii — health and fitness wearables and coaching platform
• HealthifyMe — AI-powered nutrition and fitness app
• Growfitter — fitness rewards and wellness platform
• Gold’s Gym India — international fitness chain with Indian presence
• Anytime Fitness India — 24/7 gym franchise chain
• Talwalkars — one of India’s oldest gym chains
• JEFIT / Fittr — digital fitness coaching platforms
• Lululemon / Nike Training — digital fitness competitors globally

Naresh Krishnaswamy Net Worth 2026 — Cult.fit CEO Salary

As a privately held Indian startup, Cult.fit does not publicly disclose executive compensation details. However, as CEO of a unicorn-valued company (Rs 12,200 crore / ~$1.5 billion), Naresh Krishnaswamy’s net worth is estimated at $3–5 million USD based on his equity stake in CureFit Healthcare Pvt. Ltd., accumulated over his nearly eight years with the company since joining as an early team member in 2018.

In the Indian startup ecosystem, CEO compensation at unicorn-stage companies typically ranges from Rs 2–5 crore ($240K–$600K) in annual salary, plus significant equity ownership. Krishnaswamy’s early involvement with Cult.fit, combined with his elevation to CEO, suggests substantial vested equity in the company.

Cult.fit (CureFit) Financial Summary

Cult.fit CEO Email Address | Naresh Krishnaswamy Contact

Below are the contact details for Cult.fit CEO Naresh Krishnaswamy:

Career & Education — Company, University, & College

Naresh Krishnaswamy’s career spans investment banking, e-commerce, and health-tech, reflecting a trajectory of building and scaling consumer businesses in India. Below is his complete career timeline:

Naresh Krishnaswamy Career Timeline

Naresh Krishnaswamy began his professional career at UBS Investment Bank in the Equity Capital Markets division after completing his MBA from IIM Calcutta in 2010. He spent about two years in investment banking before transitioning to the rapidly growing Indian e-commerce sector.

He joined Myntra, India’s leading fashion e-commerce platform (founded by Mukesh Bansal), where he rose through the ranks to become Chief Revenue Officer. At Myntra, Krishnaswamy gained deep expertise in scaling consumer technology businesses, digital marketing, and revenue growth — skills that would prove invaluable in his next role.

In April 2018, Krishnaswamy joined Cult.fit (then CureFit), following Mukesh Bansal from Myntra to the health-tech startup. He initially led growth and business initiatives before becoming Head of Fitness Services, overseeing the rapid expansion of Cult.fit’s physical gym network across India. In October 2023, Bansal stepped aside to become Executive Chairman and elevated Krishnaswamy to the CEO role, entrusting him with the day-to-day operations of India’s largest fitness platform.

Education

Naresh Krishnaswamy Wiki — Age, Family, & More

Cult.fit CEO Naresh Krishnaswamy (age ~40) is based in Bangalore, India — the startup capital of the country and the home of Cult.fit’s headquarters. Like many Indian tech executives, Krishnaswamy maintains a relatively private personal life, with limited publicly available information about his family.

Krishnaswamy is known for his operational focus and data-driven leadership style. He was recognized in the Global Fitness 100 (2025) Power List by Gym Revival Group, honoring the most influential leaders in the global fitness industry. This recognition placed him alongside fitness industry CEOs from around the world, highlighting the growing importance of India’s fitness market on the global stage.

Notable Achievements & Recognitions

• Global Fitness 100 (2025) — Named to the prestigious Global Fitness 100 Power List by Gym Revival Group
• Revenue Growth — Led 31% revenue surge to Rs 1,216 Cr in FY25 as CEO
• Loss Reduction — Oversaw 83% reduction in EBITDA losses, nearing profitability
• Scale — Expanded Cult.fit to nearly 700 centers across 40+ Indian cities
• IPO Preparation — Steering Cult.fit toward its planned Rs 2,500 Cr public listing
• Hybrid Model Pioneer — Scaled a unique physical-digital fitness ecosystem reaching millions of active members

About Cult.fit (CureFit)

Cult.fit (legally CureFit Healthcare Pvt. Ltd.) is India’s largest integrated fitness and wellness platform, headquartered in Bangalore. Co-founded in 2016 by Mukesh Bansal (also the founder of Myntra) and Ankit Nagori, the company operates a multi-vertical health platform:

The company has raised over $667 million in funding from marquee investors including Zomato (6.4% stake), Temasek, Accel Partners (17.25% stake), Kalaari Capital, Tata Digital, and Chiratae Ventures. Notable angel investors include Flipkart co-founder Binny Bansal and Bollywood actor Hrithik Roshan. The company achieved unicorn status in 2021 and is currently valued at approximately Rs 12,200 crore (~$1.5 billion).

Cult.fit is preparing for a potential Rs 2,500 crore (~$292 million) IPO, which would make it the first new-age fitness and health-tech company to go public in India. The company has appointed Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, and JM Financial as investment bankers for the offering.

Frequently Asked Questions (FAQ)

Who is the current CEO of Cult.fit?

Naresh Krishnaswamy has been CEO of Cult.fit (CureFit Healthcare Pvt. Ltd.) since October 2023. He succeeded co-founder Mukesh Bansal, who transitioned to Executive Chairman. Krishnaswamy is an IIT Madras engineer and IIM Calcutta MBA who joined the company in 2018.

What is Naresh Krishnaswamy’s net worth in 2026?

Naresh Krishnaswamy’s net worth is estimated at approximately $3–5 million USD, primarily based on his equity stake in CureFit Healthcare. As a privately held company preparing for an IPO at an expected ~$2 billion valuation, his holdings could appreciate significantly upon listing.

What is the Cult.fit CEO’s salary?

Cult.fit does not publicly disclose executive compensation. As a unicorn-valued Indian startup, CEO compensation typically ranges from Rs 2–5 crore ($240K–$600K) annually, plus significant equity ownership. Krishnaswamy’s total compensation likely includes substantial vested equity accumulated since joining in 2018.

What is Cult.fit CEO’s email address?

Cult.fit CEO Naresh Krishnaswamy can be contacted at [email protected]. The company also uses the @cure.fit and @curefit.com email domains. He can also be reached via LinkedIn.

Who founded Cult.fit?

Cult.fit (formerly CureFit) was co-founded in 2016 by Mukesh Bansal (also the founder of Myntra, which was acquired by Flipkart for $330M) and Ankit Nagori in Bangalore, India. Bansal currently serves as Executive Chairman while also pursuing his new venture, Lyskraft.

Is Cult.fit profitable?

Not yet, but Cult.fit is rapidly approaching profitability. In FY25, the company’s EBITDA losses narrowed by 83% to just Rs 36 crore (from Rs 209 crore), while revenue grew 31% to Rs 1,216 crore. The company targets EBITDA profitability in FY26 and is preparing for a potential Rs 2,500 crore IPO.

Article last updated:January 2026March 3, 2026