MUMBAI: Though, he did not officially hold the title of CEO, he will be giving up his position as managerial chief of the group while still staying as editorial chief. In a letter to his employees, he stated that the company was no longer in 'crisis' and it was time for him to step down.

Indian Express chairman and MD Viveck Goenka will be assisted by a newly appointed CEO George Verghese to undertake operations. Gupta will be devoting more time to EXIMs, their media institute. He also mentioned in the letter that there is a need for a more structured and formally organised corporate leadership for the group.

In 2009 he was awarded the Padma Bhushan for his contribution in the field of Journalism. He has a weekly column in the newspaper and hosts the interview based show 'Walk the Talk'.