New Delhi, Aug. 10 -- India's wealth is spreading beyond its traditional metros, creating a broader market for private wealth managers.

While Delhi-NCR, Mumbai and Bengaluru remain the biggest wealth hubs, cities such as Hyderabad, Pune, Kolkata, Kochi and Chennai, along with smaller centres including Lucknow, Kanpur, Nagpur, Nashik and Kolhapur, are seeing the biggest addition of millionaires and high-net-worth individuals (HNIs), said Ashish Shanker, managing director and chief executive officer of Motilal Oswal Private Wealth.

Motilal Oswal Private Wealth, which has grown its assets under management from about Rs.20,000 crore at the start of the decade to over Rs.2.39 trillion as of end of June quarter (Q1FY27), aims to become a lead...