The move was announced today through an internal communication, to employees of MullenLowe Lintas Group, India.
Majority of Balki's advertising years were spent at the MullenLowe Lintas Group, where he currently holds the role of Group Chairman.
Balki started his career in Mudra, before moving on to Lintas in 1994, at its Bengaluru office.
"We've been planning this for some time now. It has been a long process of succession planning that concludes with my move. The agency is at its strongest today and I leave feeling satisfied, proud and excited," Balki said in a statement.
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Commenting on the move, MullenLowe Group Global Chief Executive Officer Alex Leikikh said:"While we will miss his infectiously passionate presence, we wish him even greater success as a filmmaker," he said.
Over the last few years, Balki has helmed movies like "Cheeni Kum", "Paa", "Shamitabh" and "Ki & Ka".
MullenLowe Lintas Group CEO Joseph George, who worked closely with Balki through all of the 22 years, said: "It is impossible and even foolish to try and replace someone like Balki; so we planned the transition differently."