London-based technology company Nothing has announced the appointment of Hemant Kundavaram as the new Chief Financial Officer (CFO) for its India division. The appointment is aimed at strengthening the company’s financial strategy in what is considered one of its most critical markets.
Kundavaram brings over two decades of experience in finance and accounting to the role. His expertise spans several key areas, including fundraising, investor relations, Initial Public Offerings (IPOs), and capital market operations. He is a Chartered Accountant from the batch of 2005 and holds a Bachelor of Commerce degree from Tirupati, Andhra Pradesh, which he completed in 2002.
Prior to joining Nothing, Kundavaram held significant positions at several multinational corporations, including Ford India, IBM, Thomson Reuters, and Rockwell Collins. In 2015, he transitioned to working with promoter-led startups. His most recent position was as CFO at PMI Electromobility.
This move marks the second major senior leadership hire for Nothing India, following the earlier appointment of Akis Evangelidis as the company’s India President. These appointments underscore the brand’s focus on building a robust leadership team to steer its operations in the country.
The announcement comes as Nothing reports strong growth in the region. According to the Counterpoint Q2 2025 Smartphone Shipment Tracker, the company recorded a significant 146% year-over-year growth in the second quarter of 2025.
The report also identified Nothing as the fastest-growing smartphone brand in India for the sixth consecutive quarter, highlighting the growing importance of the Indian market for the company’s global expansion plans.
Regarding his appointment, Hemant Kundavaram, CFO of Nothing India, said:
Nothing’s journey so far has been truly remarkable. I’m excited to be part of this next chapter as the company accelerates its growth and deepens its presence in India. I look forward to driving a strong financial foundation that complements fast-paced growth and strengthens the brand’s India vision.
Commenting on the appointment, Akis Evangelidis, Co-founder and India President, Nothing, said:
India is at the core of Nothing’s global vision, and we’re entering an exciting new phase of growth here. Hemant’s proven expertise in financial operations and capital strategy will be instrumental as we scale rapidly and deepen our presence in India. With him on board, we’re strengthening our foundation to accelerate growth and advance our ambition of building from India to the world.