MUMBAI: Automobile manufacturer Hindustan Motors, which is part of the Birla Technical Services industrial group, has announced  that the company's CEO Ajay Kumar Bansal has resigned from his position as of May 13. "Ajay Kumar Bansal ceased to be Chief Executive Officer of the Company with effect from the close of business hours on May 13, 2016," an official statement from the company informed BSE.

It maybe noted that the company went through a similar major reorganization when  the former CEO Moloy Chowdhury quit last year in June 2015, post which Bansal was appointed as the company's CEO in November 2015.