India New Wealth & Asset Management Firm Veriqus Group Announced Launch & Raised $40 Million in New Funding, Founded in 2026 by Ashish Gumashta (Ex-Julius Baer India Chairman & CEO) & Roshi Jain (ex-HDFC Asset Management Senior Fund Manager), Investors Include United States $16 Billion Venture Capital & Private Equity Firm Norwest
22nd July 2026 | Hong Kong
India new wealth & asset management firm Veriqus Group has launched, and raised $40 million in new funding. Veriqus Group was founded in 2026 by Ashish Gumashta (Ex-Julius Baer India Chairman & CEO) & Roshi Jain (ex-HDFC Asset Management Senior Fund Manager). Veriqus Group investors include United States venture capital & private equity firm Norwest ($15.5 billion AUM). Announcement (20/7/26): “Veriqus Group (“Veriqus”), founded by seasoned financial services leaders Ashish Gumashta, former Chairman & CEO of Julius Baer India, and Roshi Jain, former Senior Fund Manager at HDFC Asset Management Company, today announced the launch of an integrated wealth and asset management platform alongside a INR 387 crore funding round led by Norwest. Ashish brings over three decades of experience in wealth management, having played a pivotal role in establishing DSP Merrill Lynch’s wealth management business in India before leading Julius Baer India. Roshi, who will head Veriqus’ Asset Management arm has previously managed over INR 1.35 lac crores in assets across three flagship funds at HDFC AMC, including the HDFC Flexi Cap Fund. The firm aims to establish a new standard of partnership for India’s high-net-worth individuals, family offices and institutions by bringing together wealth management, asset management, business advisory and lending solutions on a single integrated platform. Veriqus’ Wealth Management business is being built from the ground up as a technology and AI-enabled platform that combines deep advisory relationships with modern capabilities across portfolio analytics, risk monitoring, client reporting and decision support. The Asset Management platform will leverage real-economy intelligence, fundamental research and disciplined investing to help investors build long-term conviction, while the business advisory and lending verticals will provide clients with strategic capital solutions to support growth, acquisitions and liquidity needs without compromising long-term wealth creation. At a time when India’s wealth ecosystem is evolving rapidly, Veriqus believes clients require more than fragmented financial products—they need a trusted partner with a holistic view of their financial lives, businesses, real assets and legacy. By combining the experience of industry veterans with a purpose-built open-architecture platform, Veriqus seeks to redefine how wealth is advised, managed, and preserved for the next generation of India’s wealth creators.
“ India New Wealth & Asset Management Firm Veriqus Group Announced Launch & Raised $40 Million in New Funding, Founded in 2026 by Ashish Gumashta (Ex-Julius Baer India Chairman & CEO) & Roshi Jain (ex-HDFC Asset Management Senior Fund Manager), Investors Include United States $16 Billion Venture Capital & Private Equity Firm Norwest “
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Ashish Gumashta, Co-founder of the Veriqus Group: “India is in the middle of the largest wealth-creation cycle in its history, and much of that wealth is now being built well beyond the metros, by first-generation entrepreneurs and business families who deserve a genuine partner. India’s wealthy families today do not want a churned portfolio; they want simplicity, alignment, and one advisor who sees their finances, their business and their legacy as a single picture, with integrity that is non-negotiable. That is exactly the firm we set out to build. Norwest’s backing is a powerful validation of that vision. It lets us build the platform ground-up embedding technology and AI at the core, pairing three decades on the ground with the governance, discipline and global network of one of the world’s most respected institutional investors. Most advisors think in quarters. At Veriqus, we think in generations. Recognising that India’s next wave of wealth creation is increasingly emerging beyond the largest metropolitan centres, Veriqus intends to build a strong presence across Tier II and other high-growth cities, bringing institutional-quality advice and sophisticated investment solutions closer to entrepreneurs, business owners and multi-generational families.”
Roshi Jain, Co-founder of the Veriqus Group: “Our journey to create an integrated wealth and asset management platform is premised on the conviction that enduring wealth is built through discipline and prudent risk taking. At Veriqus, our asset management philosophy combines rigorous fundamental research with a long-term investment approach as we strive to deliver superior risk-adjusted returns to our clients and compound wealth for them consistently. We are delighted to have Norwest back us in our endeavour to create an institutional grade investment platform embedding deep research, risk management, and technology.”
Nikhil Kookada, Principal, Norwest: “We are delighted to partner with Veriqus and the exceptional team led by Ashish and Roshi. India’s wealth management industry is at an inflection point, driven by rapid wealth creation beyond the major metros, increasing financialization of savings, and growing demand for holistic, high-quality advice. Ashish and Roshi bring exceptional complementary strengths across wealth and asset management, underpinned by decades of experience, unwavering ethics, and a genuine commitment to their clients. We believe the next generation of wealth market leaders will combine deep advisory expertise with technology-enabled execution and a truly integrated platform. We are excited to partner with Veriqus as it builds a comprehensive financial services platform designed to serve the evolving needs of entrepreneurs, families, and institutions in India and abroad.
Veriqus – Veriqus is an integrated wealth and asset management platform serving high-net-worth individuals, family offices, entrepreneurs and institutions. Built on the principles of trusted advice, long-term partnerships and disciplined execution, Veriqus combines deep domain expertise with a technology and AI-enabled operating model to deliver differentiated client outcomes and set a new standard for integrated wealth management in India. Derived from veritas—the Latin word for truth—and īkṣ (ईक्ष्), the Sanskrit root meaning “to see clearly” and “to investigate with purpose,” Veriqus is built on the belief that enduring wealth is created through rigorous inquiry, independent thinking and trusted advice. Veriqus follows an open-architecture approach, enabling clients to access best-in-class investment opportunities and solutions across asset classes without being limited to proprietary products aligned with clients’ long-term goals and legacy aspirations.
Norwest – Norwest is a global venture and growth equity investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 250 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on enterprise, healthcare, and consumer. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel. In India, Norwest has a successful history in partnering with innovative companies across Financials, Industrials, Technology, Internet, Healthcare C Pharma and Consumer sectors. Some of the firm’s most notable investments in India include Swiggy, OfBusiness, NSE, Amagi, Infinx, Padmini VNA, Vastu Housing Finance, Subway, Veritas Finance, Fibe and Five Star Finance.
India New Wealth & Asset Management Firm Veriqus Group Announced Launch & Raised $40 Million in New Funding, Founded in 2026 by Ashish Gumashta (Ex-Julius Baer India Chairman & CEO) & Roshi Jain (ex-HDFC Asset Management Senior Fund Manager), Investors Include United States $16 Billion Venture Capital & Private Equity Firm Norwest
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