Turtlemint Fintech Solutions IPO

Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors andinsurers. In 2015, Turtlemint became the first to adopt the point-of-sale person (“PoSP”) distribution model andalso has the largest certified PoSP network among the Peer Group as of September 30, 2025 as well as March 31,2025 (Source: Redseer Report). According to the Redseer Report, we have significantly outpaced the growth ofthe overall retail insurance market, in terms of gross direct premium income (“GDPI”). While the combinedgrowth 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 3.00times higher in the period (Source: Redseer Report). We have demonstrated significant growth in our PlatformPremium, growing from ?6,989.02 million in Fiscal 2020 to ?29,459.36 million in Fiscal 2025, achieving a CAGRof 33.34%, and by 34.59% from ?11,816.89 million in the six months period ended September 30, 2024 to?15,903.79 million in the six months period ended September 30, 2025. We have facilitated distribution of 19.68million insurance policies from April 1, 2022 to September 30, 2025 that generated Platform Premium amountingto ?90,249.11 million across 19,153 pin codes (representing 97.80% of the total pin codes (i.e., 19,583 pin codes)in India, as of August 2025, according to the Redseer Report).