KOLKATA: Gaana CEO Prashan Agarwal has stepped down after heading the music streaming service for five years.

“After an amazing five years of leading Gaana to be the No. 1 Music streaming service in India, I am stepping down from my role as CEO and am extremely grateful to my wonderful colleagues, music industry partners and investors who put so much trust and empowerment in enabling me to deliver,” Agarwal wrote in a LinkedIn post.

He thanked his mentors Satyan Gajwani and Vineet Jain for providing him with a platform to make such a remarkable impact on the Indian music ecosystem and bringing entertainment to more than 185 million users across the world.

Gaana is jointly owned by Times Internet (the majority stakeholder), and Tencent, which raised Rs 3.75 billion in debt last year to help finance the company’s growth.

Agarwal joined Gaana as CEO in May 2016. Before joining Times Internet, he co-founded multiple internet ventures including 19miles.com and PropTiger.com. He is an alumnus of IIT Kanpur and the Indian School of Business.