New Delhi: London-based technology company Nothing has announced the appointment of Hemant Kundavaram as Chief Financial Officer (CFO) for Nothing India. With more than two decades of experience across finance and accounting, Kundavaram brings deep expertise in fundraising, investor relations, IPOs, and capital market operations to shape the company’s financial strategy in one of its fastest-growing markets.
“Nothing’s journey so far has been truly remarkable,” said Hemant Kundavaram, CFO of Nothing India. “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.”
A Chartered Accountant from the batch of 2005, Hemant completed his B.Com in 2002 from Tirupati, Andhra Pradesh. His career spans leadership roles at Ford India, IBM, Thomson Reuters, and Rockwell Collins, before moving to promoter-led startups in 2015. Most recently, he served as CFO at PMI Electromobility.
This move marks the second major senior leadership hire for Nothing India, following the appointment of Akis Evangelidis as India President. The announcement comes on the back of a strong Q2 2025 performance, with Nothing reporting 146% YoY growth, making it the fastest growing smartphone brand in India for the sixth consecutive quarter (Source: Counterpoint Q2 2025 Smartphone Shipment Tracker).
