Shakti was instrumental in guiding the club to back-to-back semi-final finishes in season 2 and season 3, and his tactical acumen was well respected in the Dynamos camp.
"Shakti's knowledge of the Indian players was vital for us over these years. He has been a stable and consistent force from the very beginning and his efforts cannot go unnoticed. We would like to wish him the best for his future," Delhi Dynamos Director Rohan Sharma said in a statement.
Earlier, this month Dynamos parted ways with Spanish head coach Portugal, who returned home to lead Spanish second-division club Granada CF until the end of the season.
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