Turtlemint Fintech Solutions Ltd. IPO

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 (Source: Redseer Report). 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 (Source: Redseer Report).

We have onboarded and empowered a large and geographically diversified base of 631,885 Digital Partners, including 507,124 PoSPs, as of December 31, 2025, who have completed the mandatory training, enabling them to obtain the requisite certification to distribute insurance products in accordance with applicable IRDAI regulations, including the Guidelines on Point of Sales Person - Non-Life & Health Insurers (IRDA/ Int/ GDL/ ORD/ 183/ 10/2015) and any subsequent amendments (“PoSP Regulations”). In Fiscal 2025 and the nine months period ended December 31, 2025, we onboarded 99,178 and 87,913 Digital Partners, respectively, further strengthening our distribution presence across India.