Nagpur: Vidarbha’s rising stature in India’s mutual fund industry received a major endorsement as Quantum Asset Management Company Private Limited inaugurated its new office in Nagpur. The expansion reflects the region’s growing investor base and strengthening financial ecosystem.
Nagpur, widely known as the Centre of India, has evolved into a dynamic financial and commercial hub for Central India. Strong infrastructure upgrades, improved connectivity, and the presence of leading technology companies have reshaped the city’s economic profile. With nearly 75,000 to 80,000 tech professionals working out of Nagpur campuses, the city has transitioned from a mining and logistics centre into a diversified growth engine. This transformation has been accompanied by rising disposable incomes and increasing financial awareness among salaried professionals, entrepreneurs, and SMEs.
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Maharashtra continues to lead India’s mutual fund industry in Assets Under Management, and within the state, Nagpur has emerged as a standout growth centre. Between March 2012 and December 2025, the city’s AUM surged nearly 17-fold — from ₹2,525 crore to over ₹42,000 crore — reflecting a robust 23.2% growth rate that surpasses the national average of 20%. Notably, Nagpur has overtaken several larger cities that once commanded higher market shares, establishing itself as a Tier-II leader in long-term wealth creation.
The surge has been driven by a strong distributor network, growing adoption of digital investment platforms, and a clear shift toward disciplined, market-linked investment solutions. Nagpur now serves as a gateway for expanding mutual fund penetration across Vidarbha and adjoining Tier-II and Tier-III markets.
Speaking at the launch, Seemant Shukla, Chief Executive Officer, Quantum AMC, said the Nagpur office strengthens the company’s presence in fast-growing markets and enables closer collaboration with distributors and investors in the region. He emphasized Quantum’s commitment to transparent, research-driven investing aligned with long-term wealth creation.
Seemant Shukla brings over 24 years of experience across Banking, Insurance, Wealth Management, Asset Management, and Distribution within the BFSI sector. He has led multi-channel businesses spanning branch banking, digital platforms, and distribution networks including IFA and MFD segments. Prior to joining Quantum AMC, he held leadership roles with the ICICI Group, Reliance General Insurance, Dhanlaxmi Bank, JM Financial AMC, and spent a decade with the Edelweiss Group, where he helped build the HNI and Mass Affluent Wealth business from the ground up. He also serves in an honorary capacity as a Board Member of the Board of Studies at IMT-CDL, Ghaziabad, and has previously been a member of the AMFI ARN Committee.
With its Nagpur expansion, Quantum AMC positions itself at the heart of Vidarbha’s financial growth story, aligning with a region that is rapidly emerging as one of Maharashtra’s most promising investment markets.
