MUMBAI: Mirchi Movies chief operating officer Munish Purii has put in his papers at the company.

Sources inform Businessofcinema.com that Purii is contemplating either launching an entertainment fund or joining another movie studio. However, as per information available, a final call has not yet been taken.

At the time of filing this story, Purii was not available for comment.

Earlier this year, Mirchi Movies marketing head Shony Panjikaran had also quit the company to join Fox Star Studios India.

Purii has been with the Times of India Group for the last five years. He has been spearheading the group’s movie division for the last two years. He was involved in releasing the company’s first movie Being Cyrus. In his tenure with Mirchi Movies, Purii kick-started production of seven Hindi films as well as the company’s foray into regional language films. Some of the movies that are in the pipeline are Hoshiyaar Hawaldar, Kal Kya Hoga, College Campus, Mujhe Zinda Karo, New Bharat vs New India and Don Ko Love Ho Gaya.

Prior to joining Times of India, Purii was in the finance industry for over seven years with companies like JP Morgan.

Recently, Mirchi Movies released its movie Hari Puttar – A Comedy of Terrors after fighting a court case with Warner Bros over the title. Mirchi Movies won the case as the judge felt there was no similarity between Hari Puttar and Warner Bros’ movie franchise Harry Potter. However, the movie has not managed to garner success at the box office.