Turtlemint Fintech Solutions Ltd

Turtlemint Fintech Solutions Limited was initially incorporated as 'Fintech Blue Solutions Private Limited' on April 7, 2015, as a Private company, with the Registrar of Companies, Mumbai. Name of the Company was changed to 'Turtlemint Fintech Solutions Private Limited' dated May 13, 2025. Subsequently, it converted into a Public Limited company named 'Turtlemint Fintech Solutions Limited' dated June 5, 2025 via fresh certificate obtained from Central Processing Center. The Company mainly operate as a tech-enabled insurance distribution platform connecting connect customers, insurance advisors and insurers. It engage in providing information technology and business support services, advertising & marketing services and distribution of mutual funds. It also undertakes the business of direct broking of insurance policies mainly in retail segment like motor, health and life. The Company operates an asset-light, technology enabled distribution model - combining a mobile-first technology platform 'TurtlemintPro' having a network of physical branch offices that train, onboard and support Digital Partners, without the Company itself assuming any insurance product liability. As of March 31, 2026, the Company's platform was integrated with 46 Insurer Partners and supported by a network of 659,073 Digital Partners spanning 19,186 pin codes and 83 physical branch offices. Traditionally, insurance was sold primarily through offline channels, individual agents, brokers, and bancassurance (corporate agents - banks and others), often resulting in a fragmented customer experience. With the advent of digitisation, a new generation of tech-enabled insurance brokers has emerged where customers can research, compare and purchase policies across multiple insurers, enhancing accessibility, choice and transparency. In 2015, Turtlemint became the first to adopt the point-of-sale person (PoSP) distribution model and has the largest certified PoSP network. The primary offerings in the insurance sector include retail products across health, life, and motor insurance. It has facilitated distribution of 19.68 million insurance policies. In addition to distribution of insurance policies, it facilitate other financial products, including mutual funds, loans and credit cards. In 2024, Company acquired 75.14% of Turtlemint Insurance Broking Services Private Limited (TIB's) equity stake, making it a subsidiary of the Company. The Company launched the IPO by issuing 58,070,398 equity shares having the face value of Rs 1 each by raising the aggregate funds of Rs 882.67 crore. The IPO comprise a fresh issue of 43,468,552 equity shares amounting to Rs 660.72 crore and the offer for sale of 14,601,846 equity shares amounting to Rs 221.94 crore on June 23, 2026.