Excitel Broadband has elevated Varun Pasricha to the role of Chief Executive Officer, effective March 2026. Pasricha has been associated with the company since 2018, serving as Chief Operating Officer and playing a key role in strengthening operations and scaling the business.
He will take over from co-founder Vivek Raina, who has led the company as CEO since 2015 and will now step down from the executive role while remaining a shareholder.
Excitel operates as a fibre-to-the-home (FTTH) broadband provider, delivering high-speed internet services to nearly one million households across more than 50 cities and towns in India. As CEO, Pasricha will lead the next phase of growth, focusing on expanding the fibre network footprint, enhancing service delivery standards, and strengthening the company’s partner-driven distribution model.
“Varun has been central to Excitel’s operating discipline and partner ecosystem, and he is well suited to lead the company forward,” said Nikolai Gorchilov, Co-Founder, Excitel Broadband “Victor Francess, Plamen Petkov and I have built internet businesses across Europe and India, and our next priority is to make Excitel not just affordable, but a loved brand – by pushing quality and customer service to the centre of everything we do. Our partner-led model remains the backbone for scale, and we will keep strengthening systems that improve reliability and the customer experience across our footprint.”
Speaking on his new role, Varun Pasricha, Chief Executive Officer, Excitel Broadband, said: “Excitel was built on the belief that high-speed, unlimited internet should be accessible and affordable for every Indian household. Having worked closely with our teams and partners over the years, I’ve seen the strength of the foundation we’ve created. My focus will be on building stronger systems, elevating customer experience, empowering our partner ecosystem, and driving disciplined expansion as we scale to our next milestone.”
Reflecting on his tenure, Vivek Raina said: “It has been an incredible journey building Excitel from the ground up. Over the past decade, we have expanded our fiber network to serve nearly one million users, collaborated with thousands of local and regional partners, and built a strong presence across 50+ cities and towns. I believe this is the right time for a leadership transition, and I am confident that the Founders’ vision and Varun’s operational expertise will take Excitel to even greater heights. I will continue to support Excitel as a shareholder, and I’m excited to explore new challenges in the future.”
With this leadership transition, Excitel is positioning itself for its next stage of expansion, reinforcing its commitment to affordability, service excellence, and customer-centric growth.
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