The images and video for Popchips feature the 34-year-old "Two and a Half Men" star in brown makeup portraying a Bollywood producer named Raj who is "looking for love." They were removed from YouTube and Facebook after being criticized online.
Other videos featuring Kutcher as a stoner, tattooed Southerner and pasty fashionista remain online.
A spokeswoman for Popchips says the dating parody featuring the four characters was "created to provoke a few laughs and was never intended to stereotype or offend anyone." She added that the company hopes "people can enjoy this in the spirit it was intended."
A spokeswoman for Kutcher hasn't return messages seeking comment.