In a letter to the club's board seen by the BBC, Bhatia said: "It is clear to me from recent board meetings that my vision, strategy and direction for the club is very different from that of the other shareholders and board members.
"The recent decisions to sack club CEO and chairman Ishan Saksena and significantly increase season ticket prices are just two of the decisions I disagree with.
"While it saddens me to leave QPR after such a successful season and at the beginning of an exciting new phase, I do not wish to be associated with or take responsibility for decisions made by the board and with which I disagree so strongly.
"The Mittal family had been in discussions concerning the possible acquisition of the club. However we have been unable to reach agreement on this matter and therefore those discussions have now come to an end.
"Although no longer a decision-maker at QPR, I shall continue to be a 33% owner and a 100% fan of the club. In due course, we will appoint a board representative to monitor my family's investment in the club."
"The recent decisions to sack club CEO and chairman Ishan Saksena and significantly increase season ticket prices are just two of the decisions I disagree with.
"While it saddens me to leave QPR after such a successful season and at the beginning of an exciting new phase, I do not wish to be associated with or take responsibility for decisions made by the board and with which I disagree so strongly.
"The Mittal family had been in discussions concerning the possible acquisition of the club. However we have been unable to reach agreement on this matter and therefore those discussions have now come to an end.
"Although no longer a decision-maker at QPR, I shall continue to be a 33% owner and a 100% fan of the club. In due course, we will appoint a board representative to monitor my family's investment in the club."
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