# Cult.fit Co-Founder Telang Accused of Signature Forgery in FIR

2026-08-08T12:53:04+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

Deepak Poduval, former co-founder of Cult Fitness Pvt Ltd, has filed an FIR against Rishabh Telang, alleging forgery, cheating and criminal conspiracy. The FIR, registered at Bellandur Police Station in Bengaluru on August 6, claims Telang forged Poduval’s signatures on documents used to wind up Cult Fitness in 2019 without his approval. Poduval says he discovered the filings on the Ministry of Corporate Affairs portal and alleges his 50% ownership stake was extinguished without compensation. Telang has denied the allegations, stating Poduval was involved in the transactions and received payment. Cult.fit, which acquired Cult Fitness's assets and IP in 2016, says neither it nor its subsidiaries are named in the FIR. The dispute involves Moneycontrol’s report. The FIR came weeks after IPO-bound Cult.fit filed its draft red herring prospectus for a Rs 950 crore fresh issue. No court verdict has been reached.

## Coverage

- freepressjournal.in <https://www.freepressjournal.in/business/cult-founder-rishabh-telang-accused-of-signature-forgery-by-former-co-founder-deepak-poduval-in-fir-report>
- inc42.com <https://inc42.com/buzz/ipo-bound-cult-fits-rishabh-telang-denies-forgery-allegations-by-deepak-poduval/>

Tags: corporate governance, Cult.fit, forgery case, Rishabh Telang, startup fraud
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