MUMBAI: Mukta Arts CEO Ravi Gupta has stepped down from his position at the company.

Gupta’s five year contract with the company expired on 31 March, 2009 and is not being renewed.

When contacted by Businessofcinema.com Gupta confirmed the same and added that he will be continuing with the company in an advisory role from 1 April, 2009.

As of now, Mukta Arts does not have any plans to fill in the position vacated by Gupta.