Turtlemint Fintech Solutions Ltd IPO

About Turtlemint Fintech Solutions Ltd

Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors and insurers. In 2015, Turtlemint became the first to adopt the point-of-sale person (PoSP) distribution model and also has the largest certified PoSP network among the Peer Group as of March 31, 2025 as well as December 31, 2025. According to the Redseer Report, we have significantly outpaced the growth of the overall retail insurance market, in terms of gross direct premium income (GDPI). While the combined growth rate of retail health, retail life new business, and motor insurance stood at a CAGR of approximately 10.3% between Fiscals 2020 and 2025, we achieved a GDPI growth (within the same categories) of approximately 3.00 times higher in the period. The Company has demonstrated significant growth in our Platform Premium, growing from Rs.6,989.02 million in Fiscal 2020 to Rs.29,459.36 million in Fiscal 2025, achieving a CAGR of 33.34%, and by 33.63% from Rs.19,692.60 million in the nine months period ended December 31, 2024 to Rs.26,315.69 million in the nine months period ended December 31, 2025. It has facilitated distribution of 21.87 million insurance policies from April 1, 2022 to December 31, 2025 that generated Platform Premium amounting to Rs.100,661.01 million across 19,171 pin codes in India, as of December 31, 2025 (representing 97.88% of the total pin codes (i.e., 19,587 pin codes) in India, as of October 2025, according to the Redseer Report).

Turtlemint Fintech Solutions Ltd IPO Timeline

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Turtlemint Fintech Solutions Ltd IPO Strengths

• Strong positioning in the PoSP landscape driving scalable pan India distribution.
• Diversified and granular Digital Partner network enabled by tech-driven training.
• Long-term partnerships with multiple Insurer Partners;
• Consistently strong earnings and high Digital Partner retention drive favourable unit economics and operating leverage
• Self-reinforcing flywheels driving strong network and learning effects.
• Promoter led company with an experienced management team backed by marquee investors.

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Turtlemint Fintech Solutions Ltd Registrar & Company Details