About Excitel
Excitel is a Telecommunications company based in Delhi (India) founded in 2015 by Plamen Petkov, Victor Francess, Vivek Raina, and Nikolai Gorchilov. High-speed unlimited fiber-optic internet services are offered in India. Excitel has raised $16.11 million across 2 funding rounds from investors including Svetozar Georgiev, Stefan Ivanov and Hristo Tenchev. The company has 2,442 employees. Its chief executive, as recorded, is Vivek Raina. Its website excitel.com draws about 708 thousand monthly visits. Its Indian entity Excitel Broadband Private Limited reported revenue of ₹392 Cr. Excitel offers products and services including Broadband Plans and Excitel App. Its focus areas include Telecom, Telecom Operators, Broadband and Diversified.
Company details
Excitel was established in 2015 and is headquartered in Delhi, India. Fiber-optic internet services are delivered by the company within the telecommunications sector, emphasizing fiber-to-the-home connections. Unlimited high-speed plans are provided, along with free Wi-Fi routers, no installation charges, OTT and IPTV bundles, streaming app access, family protection features, relocation options, support services, and billing management. Operations target residential users across India.
- Headquarters Delhi, India
- Employees 2,442
- Founders Plamen Petkov, Victor Francess, Vivek Raina, Nikolai Gorchilov
- SectorsTelecommunications
- Website category Computers Electronics and Technology
- Email••••••••
- Phone•••• ••••
- Website excitel.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Excitel Broadband Pvt Ltd
- Date of Incorporation 05 Mar, 2015
- Jurisdiction Delhi, India
- Annual Revenue₹392 Cr
FY 2023 · +32% YoY
- Net Loss-₹155 Cr
FY 2023 · -40% margin
- EBITDA₹191 Cr
FY 2023 · 49% margin
- Total Equity Funding$16.11M (USD)
in 2 rounds
- Latest Funding Round$11.5M (USD), Series C
May 2022
- InvestorsNEVEQ
& 7 more
- Employee Count2,442
Associated legal entities of Excitel
Excitel is associated with 2 registered companies on The Company Check; the primary company is Excitel Broadband Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Excitel Broadband Private Limited CIN U63090DL2015PTC277612 | Active | 05 Mar 2015 | New Delhi, Delhi | ₹392 Cr | 2,442 | 2 | View details |
| Excitel Private Limited CIN U63090DL2015PTC275112 | Active | 07 Jan 2015 | New Delhi, Delhi | ₹0.4 Cr | 4 | View details |
Products & Services of Excitel
Excitel offers a comprehensive portfolio of products and services, including Broadband Plans and Excitel App.
High-speed fiber internet plans for home connectivity and streaming.
Mobile app for managing accounts and troubleshooting connections.
Apps and channels of Excitel
Excitel publishes 2 mobile apps with over 1M+ downloads; its YouTube channel Excitel Broadband has 1.73K subscribers and 21 videos.
Videos from Excitel
The most watched videos on Excitel's YouTube channel, Excitel Broadband (1.73K subscribers). Click a video to play it here.
More on Excitel Broadband.
Funding Insights of Excitel
Excitel has successfully raised a total of $16.11M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $11.5 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16.11M
- Total Rounds 2
- Last Round Series C — $11.5M
- First Round $4.61M
(Oct 2018)
- Investors Count 8
All 2 funding rounds of Excitel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $11.5M | Series C | – | Svetozar Georgiev, Stefan Ivanov | – |
| Oct 2018 | $4.61M | Series B | – | NEVEQ, Impetus Capital | – |
8 investors in total: 3 institutional and 5 angel.
Investors in Excitel
Excitel has secured backing from 8 investors, including angel and venture fund investors. Prominent investors backing the company include Svetozar Georgiev, Stefan Ivanov and Hristo Tenchev.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed, early, and growth-stage investments are made in Bulgarian ventures. | neveq.com | Sofia, Bulgaria | ||
Growth equity and expansion capital are invested in mid-sized firms. | impetus.capital | Sofia, Bulgaria | ||
Investments in multiple sectors are managed by BlackPeak Capital. | blackpeak-capital.com | Sofia, Bulgaria | ||
SG Svetozar Georgiev | Co-founder of Telerik, angel investor, and tech entrepreneur based in Bulgaria and India. | unknown_6f00be3cdc394d5fb | ||
SI Stefan Ivanov | unknown_7477bcac34204beeb | |||
HT Hristo Tenchev | Co-founder of Xsolla and Nexo, active angel investor in tech | unknown_4a206869e7b947f1b | ||
SN Svetlin Nakov | unknown_2fcb29f3e1c44ccba | |||
TN Tenko Nikolov | Angel investor and tech entrepreneur, co-founder of SiteGround, based in India. | unknown_d2bd9125be514180b |
Investor details for Excitel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Excitel Broadband Private Limited (Excitel)
Excitel Broadband Private Limited is the primary company behind Excitel. The boards of the 2 registered companies of Excitel currently have 6 directors; the longest-serving is Plamen Valentinov Petkov, appointed in 2015. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Plamen Valentinov Petkov DIN 06822314 | Director | 07 Jan 2015 | 11 yrs 9 mo | Excitel Private Limited |
| Nikolai Dimitrov Gorchilov DIN 03018286 | Director | 07 Jan 2015 | 11 yrs 9 mo | Excitel Private Limited |
| Vivek Raina DIN 07087976 | Director | 05 Mar 2015 | 11 yrs 7 mo | Excitel Broadband Private Limited |
| Amandeep Singh DIN 08219964 | Director | 09 Apr 2024 | 2 yrs 6 mo | Excitel Broadband Private Limited |
| Victor Eli Francess DIN 03018325 | Director | 10 Feb 2026 | 8 mo | Excitel Private Limited |
| Varun Pasricha DIN 05176560 | Director | 10 Feb 2026 | 8 mo | Excitel Private Limited |
People of Excitel
17 people are tracked at Excitel (12 in leadership, 5 in team); the tracked headcount is 2,442.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Anita Verma | Chief Human Resources Officer | Leadership |
| Chief Operating Officer | Leadership | |
Anurag Shukla | Head Of Supply Chain Management | Leadership |
Rajiv Saini | Chief Financial Officer | Leadership |
Shivangi Sharma | General Manager - Talent Acquisition | Leadership |
Parag Garodia | Chief CX & Strategy Officer | Leadership |
Digvijay Pratap Singh | Head - Network Infrastructure | Leadership |
Prerak Bhardwaj | Head Of Finance | Leadership |
Azad Pundir | Network Infrastructure Managar | Team |
Varun Gupta | GM - Strategy | Team |
Virender Yadav | Assistant Manager Accounts Payable | Team |
Varnit Bidani | Engineer- Core Networks | Team |
Plamen Baruh | CIO | Team |
Complete people profiles for Excitel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Excitel
Figures of Excitel Broadband Private Limited, the primary company behind Excitel, for FY 2023. Revenue was ₹392 Cr (+32% year on year). Net loss was -₹155 Cr (-40% margin). EBITDA was ₹191 Cr (49% margin). Revenue has grown at a compounded annual rate of +41% over three years and +30% over five years.
- ₹392 CrRevenue · FY 2023 · +32% YoY
- -₹155 CrNet loss · -40% margin
- ₹191 CrEBITDA · 49% margin
- ₹97 LakhPaid-up capital
- 2,442Employees (provident fund records)
- +41%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Excitel Broadband Private Limited are on its company page.
Detailed financial statements for Excitel
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Excitel
3 dated milestones of Excitel across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Excitel is founded.
- Funding First funding round of $4.6M.
- Funding Latest funding round, Series C, of $11.5M.
Web traffic of Excitel
The website of Excitel (excitel.com) receives about 708.2K visits a month and ranks #79,288 among all websites worldwide, #9,339 in Computers Electronics and Technology.
- Monthly visits708.2K
▲ 11.5% vs previous month
- Unique visitors356.7K
per month
- Global rank#79,288
among all websites
- Category rank#9,339
Computers Electronics and Technology · Computers Electronics and Technology
- Bounce rate23%
- Pages per visit3.1
- Average visit1 min 53 sec
- DevicesDesktop 16% · Mobile 84%
Websites whose visitors overlap most with Excitel. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| actcorp.in | 100% | 1.6M | #27,282 | View details | |
fast.com | fast.com | 88% | #914 | – | |
| comway.in | 75% | #978,775 | View details | ||
| airtel.in | 75% | 26.2M | #2,149 | View details | |
| leetcode.com | 74% | 38.5M | #1,101 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Excitel
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Verified entity values are shown only after access is granted.
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Related news about Excitel
Complete news archive for Excitel
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Frequently Asked Questions about Excitel
Excitel was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Excitel is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Vivek Raina is the CEO of Excitel, as recorded in our data. They have also founded this company.
Excitel is a funded company, having raised a total of $16.11M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4.61M, raised on Oct 2018.
Excitel has 2,442 employees.
The primary company behind Excitel, Excitel Broadband Private Limited, reported revenue of ₹392 Cr for FY 2023, up 32% year on year.
Excitel was established in 2015 and is headquartered in Delhi, India. Fiber-optic internet services are delivered by the company within the telecommunications sector, emphasizing fiber-to-the-home connections. Unlimited high-speed plans are provided, along with free Wi-Fi routers, no installation charges, OTT and IPTV bundles, streaming app access, family protection features, relocation options, support services, and billing management. Operations target residential users across India.
Excitel offers Broadband Plans and Excitel App.
Excitel has 8 investors. Key investors include Svetozar Georgiev, Stefan Ivanov, Hristo Tenchev, Svetlin Nakov, and Tenko Nikolov.
Excitel is associated with 2 legal entities: Excitel Broadband Private Limited, Excitel Private Limited.
The legal entities of Excitel currently have 6 directors, including Plamen Valentinov Petkov, Nikolai Dimitrov Gorchilov, Victor Eli Francess and others.
Yes. Excitel publishes my Excitel and 1 more app, with over 1 million downloads.