Parag Rele has had an admirable career graph, after the completion of his MS Studies as Graduate Research Fellow at Drexel University, Philadelphia in 1972.

Parag Rele began as a Management Trainee at Goodlass Nerolac Paints in 1972 – 73, later joining Centron Industrial Alliance Limited as Manager operations 1973 – 1979 and later upto 1989 as Vice President (Electronics) at A.T.E. Enterprises Ltd. He was Vice President (International Trade) with Carona Ltd and Chief Executive of Carona Exim between 1989 – 1992, President, Permanent Magnets & Taparia Magnetics 1992 – 98 and Director of a number of Companies including Atcom Technologies Ltd, Smart Sensors and Transducers Ltd and C2M Technologies Ltd. Parag is Managing Director and CEO with Aplab Ltd. at present.

Parag Rele has played a significant role in reviving the alumni activities of IIT Bombay. He has also been associated with and contributed to the various activities of the Chemical Engineering Department. He is a member of the Executive Committee of the IIT Bombay Alumni Association and member, Advisory Board of the Institute of Technology Management.