FAQ

Q1. What is Gymkhana Club Affiliation Board?

It is an affiliation body for upcoming and existing clubs who are working under Gymkhana Club Group brand. The Affiliation has to be renew every year and affiliated clubs has to strictly follow the policy of "Gymkhana Club Affiliation Board".

Q2. What is Gymkhana Club Limited?

Gymkhana Club Limited is established to enhance the "Legacy of Gymkhana Club" started in 1866 by Britishers for recreation and privilege of the British Rulers and the royalty during the British Raj. The Legacy of Gymkhana Club is to be inherited and gifted to new generations. Gymkhana Club Limited is working enthusiastically to create a land mark in the field of club services and Hospitality with clear concept to provide the facility to club members to get experience of Lifestyles & Luxuries of different locations from all over the globe with their only membership taken from anywhere in the world. First time, Gymkhana Club Limited is taking an initiative to expand the family of Gymkhana club globally to open more Gymkhana clubs to facilitate Luxury & Lifestyle to those, who strongly wants to be a member of club but waiting since long time. We already started from India and short listed 500 Cities to open new Gymkhana Clubs, so we can serve better to our existing members and also to those who deserves to be a member.

Q3. How Gymkhana Club is most profitable Project?

Gymkhana Club Limited is an International Brand and after becoming your partner in your city, your existing profile will definitely be enhanced and that will built up your strong network with most elites and intellectuals of the city could always be helpful life time. Investment in Gymkhana Club Project is completely secured, even that will give you long lasting assurance of safe investment for your next generations too.

Q4. Why we need Gymkhana Club in the City?

According to one survey across the India, club culture has become a need of our society and new generation. Gymkhana Clubs are the world's leader and well known for their Hospitality and Legacy of 151 Years globaly. If Gymkhana Club get established with all modern facilities in your city that would become land mark of your city with your city name Gymkhana Club and would make you feel proud as partner, who bring this legacy in the city for deserving elites and intellectuals from new generation of the city. Gymkhana Club membership also boosts your Personality, Business and Social Network.

Q5. What are the primary conditions to open a new Gymkhana Club?

A. The population in the city should at least 5 Lac.
B. At least 5 to 10 acre land is required for establishment and that should be adjacent to city. C. Offering partner must have clean and maintained profile in society and city.
D. Offering partner must have financial capacity to spend at least 2-6 Cr. for initial expenses in to the most profitable venture.
E. If offering partner is having experience in field of hospitality or in educational sector, could be our priority for project partner for the city.

Q6. What, if offering partner does not have Land available?

If offering partner is not having land than he can buy a required land from Govt. Development Authority, open market or a farmer (by paying token money with the condition of 12 to 60 months for full payment), can involve land owner with him. Gymkhana Club Limited could help you for the same, if required.

Q7. What should we keep in mind while selecting Land for Gymkhana Club?

While choosing land for Club, keep in your mind that land should be on road and should not very far away from the city. The convenience of expected club members matters most that they should not face any trouble in reaching home after late night parties.

Q8. How much does it cost to open a Gymkhana Club?

The cost to open a Gymkhana Club will be around Rs. 50 to 200 CR. that could vary according to proposed city, but partner have to invest only initial expenses for launching, Branding and Brand fees i.e. 2 - 6 cr. Only.

Q9. If the membership fee collection is low, Is there any provision for the loan facility for the club's construction?

Yes, we can avail Bank loan up to 70% for Construction, if required. First party will initiate the process on behalf of already purchased land for establishment through local partner.

Q10. Who authorise you to open Gymkhana Clubs in INDIA?

We are authorised to open Gymkhana Clubs in India under the Act passed by the Government of India and “Gymkhana Club Affiliation Board” which is incorporated under the Indian Companies Act 2013.

Q11. How will the club be operated?

In order to the club operations, according to the Companies Act 1956, a Limited company to be formed with joint venture partner and 6 directors to be appointed in Joint Venture Company. 3 Directors will be nominated by parent company and other 3 will be nominated by local partner. This managing committee will operate Club with mutual consent.

Q12. Who will manage the club?

The management will appoint a President (retired person from Army on senior rank like Colonel, Major or Brigadier). He will coordinate both parties for mutual understanding and will follow the instructions of the Managing Director of JV Company.

Q13. What will be the strategy after the Joint Venture Agreement from Gymkhana Club?

After the Joint Venture Agreement, the process of an incorporation of the company will start; On the other hand, the launching process of the club will also be started. Applications for membership will invite instantly and Gymkhana Club Affiliation Board willcheck profile and confirm the memberships of received all applications. Sales & Marketing team to be managed to communicate all elites & intellectuals of city for life time membership.

Q14. While signing JV agreement with Gymkhana Club Limited, What will be the responsibilities of local partner?

(A) At the time of agreement or to start the using a goodwill of Gymkhana Club, local partner have to pay an Affiliation Certificate fee (non-refundable) as per city category to Gymkhana Club Affiliation Board.
(B) At the time of agreement in addition to fee for Goodwill, local partner have to pay initial expenses of Rs. 5 Lakh to Gymkhana Club Limited for : Limited Company, Catalogue, Membership Forms, Receipt Book, Files, Letterheads, Papers Designs and all Stationery etc.

Q15. How will the Bank Account be managed?

The Bank Account will be managed in the joint venture Company's name and the authorised signatory will be appointed by the Board of Directors of JV company. Any amount collected in the name of club, will be credited to that Account; money will only be used for club operations. The money shall not be used for any personal work in any case.

Q16. What is the set deadline for the club establishment?

According to the agreement the time limit of club establishment is been decided 24 months but that can be extended with mutual consent under unavoidable circumstances or any emergency or strike or situation such as natural disaster.

Q17. What will be the membership fee of Gymkhana Club?

Gymkhana Club membership fee will be decided by both parties mutually that depends on the city and its people's paying capacity. According to our survey report life time membership fee should be at least Rs. 7 Lac for the special modern facilities available in Gymkhana Club.

Q18. How many memberships will be accepted at Gymkhana Club?

Total number of memberships receiving will be decided between both parties but as per our opinion 2000 members are sufficient to run club smoothly.

Q19. How will the profit from Venture be distributed?

First of all, the decided price of land according to the market value including the entire margin money paid by partner initially for the club establishment, shall be paid off to the local partner gradually as per the fund's availability through collections from memberships. The Clubs land should be registered in the name of the Joint Venture Company. According to sharing ratio mentioned in agreement, collection will be distributed with mutual consent as profit.

Q20. Will the partnership being terminated after returning the invested amount by local partner?

The partnership will remain same as mentioned in agreement of Joint Venture even after getting his investment returned, he will be getting 70% profit continuously and that would be a huge amount and all assets of Club will be in sharing and add-on the values for both.

Q21. Who will be responsible for the marketing activities?

Both will be responsible for marketing activities according to the strategic plan.

Q22. Who will be responsible for the inauguration ceremony of the club?

The inaugural ceremony will be organized by the first party, in the presence of celebrities, Area's MP, MLA, Union Minister, Chief Minister of the city and Honourable Governor will be invited as a Chief Guest.