In a tweet, Drashti informed her fans of her exit.
She wrote: "Tweepies - my journey at 'Jhalak...' comes to an end. Thank u all for ur love & support."
Drashti, who had won the sixth season of the show, and actor Ranbir Shorey have been co-hosting the show since it began June 7.
The reason for Drashti's ouster is not yet known but reportedly Colors channel called her up and informed her of their decision.
According to speculation, Manish Paul, who had hosted the previous season of "Jhalak Dikhhla Jaa", might replace her.