What we do Turtlemint Fintech Solutions Limited operates in India's insurance distribution industry, providing technology-enabled broking services for retail insurance and financial products via a mobile-first platform. |
Founded in 2,015 |
Market share Largest certified point-of-sale person (PoSP) network in India with 19.68 million insurance policies distributed, leading in tech-driven insurance broking. |
Problem solved Simplifies insurance buying by consolidating product comparison, advisory, and policy purchase across multiple insurers via an integrated digital platform. |
Top clients or who we serve Retail insurance customers across health, motor, life segments; Digital Partners including individual agents and brokers; B2C and B2B. |
Key management - |
Our journey and innovations Founded in 2015, pioneered PoSP model in insurance distribution; acquired Turtlemint Insurance Broking Services in 2024; continuously enhanced tech-enabled advisory platform. |
Where we operate India, with past presence in Dubai; focused primarily on Indian retail insurance and financial product market. |
Top products or what we offer Insurance broking across health, life, motor insurance; mutual funds distribution; loans and credit cards via TurtlemintPro app and partner network. |
Top brands TurtlemintPro platform – largest PoSP network; key driver in retail insurance distribution in India. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from commission-based insurance policy sales and financial product distribution, exhibiting cyclical characteristics tied to policy sales. |
Our industry position Leading digital insurance broker in India with extensive distribution network and technology-first approach in retail insurance. |
Financial highlights FY2025 revenue Rs 662.71 Cr; net loss Rs 194.11 Cr; operating revenue declined from previous year amid strategic investments. |
Geographical revenue split Revenue primarily from Indian market; negligible foreign earnings post Dubai branch closure. |
Order book - |
Whats driving growth Digital adoption in insurance, expanding PoSP network, platform enhancements, growing retail insurance awareness and product offerings. |
Our future plans Planned IPO to raise Rs 660.72 Cr; expanding tech capabilities and physical branch network to scale advisory services. |
Our green promise - |
Our people and values Over 970 employees with focus on professional growth and inclusive workplace culture. |
Key challenges ahead Profitability challenges, regulatory environment, competition from traditional and digital insurance channels. |
Interesting facts First in India to adopt PoSP model; facilitated distribution of nearly 20 million insurance policies since inception. |
Risks and strategy Mitigating operational and financial risks by strengthening technology, widening product portfolio, and expanding certified partner network. |
