New Delhi, Apr 25 (IANS): Delhi Daredevils captain Gautam Gambhir stepped down on Wednesday after the capital franchise lost five of their six matches in the Indian Premier League (IPL) season so far.

Top-order batsman Shreyas Iyer will take over the captaincy role.

"It was my decision. I haven't contributed enough to the team. I had to take the responsibility being the leader of the ship. I feel it was the right time," Gambhir said at a press conference.

Gambhir's batting performance has hardly been anything to talk about. He posted scores of 55, 15, 8, 3 and 4.

Iyer said: "I am ready for the new challenge. I want to thank the management and my coaches for appointing me as the captain of the team. It is a great honour for me."

Delhi are at the bottom of the table. Their only win came against Mumbai Indians -- who are also struggling having collected the same number of points.

"I still feel we have the team to turn things around," Gambhir said.