Turtlemint Fintech Solutions Limited, founded on April 7, 2015, specializes in insurance distribution in India, providing IT and business support, advertising, and mutual fund distribution services. With a focus on the retail segment, the company engages in the direct broking of motor, health, and life insurance policies. Its flagship platform, 'TurtlemintPro,' enables insurance agents and partners to promote services digitally. Transitioning to a public company in 2025, Turtlemint aims to leverage technology to modernize the traditionally offline insurance industry.
Pioneering the point-of-sale person (PoSP) model in 2015, the company has built India’s largest certified PoSP network, responsible for distributing 19.68 million insurance policies to date. The Turtlemint platform not only facilitates insurance policy sales but also offers financial products, including mutual funds, loans, and credit cards. It empowers its Digital Partners with tools for product comparison, policy quoting, lead management, and post-sales support like claims management. The platform is supported by a mobile-first, tech-driven approach coupled with a physical branch network for personalized service delivery.
In 2024, Turtlemint acquired a 75.14% stake in Turtlemint Insurance Broking Services Private Limited, bolstering its presence in insurance broking. Positioned as a tech-enabled player in a digitizing insurance marketplace, the company enhances accessibility, transparency, and choice for customers through its integrated platform.
Turtlemint has filed for an IPO to raise Rs 660.72 crore, with plans for a fresh issue and an Offer for Sale of 28,608,992 equity shares. The IPO is expected to fuel its growth and solidify its position as a leader in India’s evolving insurance and financial services sector.