NSE:TURTLEMINT management interview: A Weak Listing For Turtlemint Fintech | Focus Remains On B30 Markets, Says Company | CNBC TV18
CNBC-TV18, 2026-06-29. Video: https://www.youtube.com/watch?v=mjukTNn4dQI
- Market debut: Turtlemint Fintech Solutions listed at an approximate 10% discount to its issue price as it continues expanding beyond insurance distribution into mutual funds, loans, and credit cards.
- Revenue growth: For the first nine months of FY26, the company has already exceeded its entire FY25 revenue of ₹663 crore by approximately ₹100 crore.
- Operating leverage: Tech and platform costs reduced from 42% to 25% over the last three years, which halved company losses and contributed ₹120 crore annually in profitability improvements.
- B30 market expansion: Turtlemint is leveraging its granular last-mile network in B30 markets, which are growing 60% faster than top 30 cities, to drive long-term penetration under the "Insurance for all by 2047" initiative.