India, Feb. 26 -- Excitel has appointed a new Chief Executive Officer as the company prepares for its next phase of growth in India's competitive broadband market.

Co-founder Vivek Raina has stepped down as CEO and will no longer be involved in the day-to-day operations of the business. He will, however, continue as a stakeholder in the company.

Varun Pasricha will assume the role of Chief Executive Officer in March 2026. Pasricha has been with Excitel since 2018, serving as Chief Operating Officer. In that role, he oversaw operational processes and partner management, giving him detailed insight into the company's internal systems and expansion strategy.

Commenting on the appointment, co-founder Nikolai Gorchilov said Pasricha had bee...