Mr. Parag Rele is an Executive Director, Atco Sensors Ltd., and Director, Atco Industries Ltd. manufacturer of Electronic Weighing scales. Mr. Parag Rele did his B.Tech (Hons) in Chemical Engineering from IIT Bombay in 1969 and MS in Chemical Engineering from Drexel University, Philadelphia, USA.

Though Mr. Rele graduated in 1969, he has maintained a continuous and steady contact in various (always-contributory) ways with IIT. He was one of the first to get involved in reviving the Alumni Association activities. He has been an executive committee member from the inception of the IITB Alumni Association. Mr. Rele played an important part in organizing the core group for the silver jubilee celebration of the class of 1969. Thanks to his efforts, the class of 69 was the first to hold its silver jubilee celebrations and this paved the way for the silver jubilee celebrations of the subsequent classes. Mr. Rele was an active sponsor of the IIT Bombay — Mumbai Monthly Meet. Mr. Rele has also been associated with various activities of the Chemical Engineering Department.

Mr. Parag Rele started his career as a Management Trainee for Goodlass Nerolac Paints Ltd. in 1972-73 and served as Vice president (International Trade) for Coron Ltd. (1989-1992) and rose to become Executive Director for Atco Sensors Ltd. from 1998.