IIT Delhi alumni Parul, Alok Mittal to contribute Rs 5 crore to institute’s endowment fund

Parul Mittal did electrical engineering from IIT Delhi while Alok Mittal is a graduate of computer science engineering.

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Parul and Alok Mittal (Source: Official Press Release)Parul and Alok Mittal (Source: Official Press Release)

Vagisha Kaushik | July 14, 2022 | 12:51 PM IST

NEW DELHI: Indian Institute of Technology (IIT) Delhi alumni Parul and Alok Mittal have pledged to contribute Rs 5 crore to the institute’s endowment fund over the next five years.

“The endowment fund’s mission is to contribute to India and the world through excellence in scientific and technical education and research; to serve as a valuable resource for industry and society; and to remain a source of pride for all Indians,” said an official statement from IIT Delhi.

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Parul is a 1995 batch IIT Delhi Electrical Engineering graduate and did her master’s in computer science from Umich, Ann Arbor. She is a best-seller novelist having published three light-read fiction novels. She is also an artist and has exhibited her paintings in Gurgaon. Professionally, Parul loves coding, problem solving and research, as per the statement.

Parul worked at IBM Research during her early career and authored several papers and patents. She also ran her own startup in parenting space for several years. She briefly worked as Vice-President (VP), Product Manager at Yatra.com before joining a High Frequency Trading startup as a Quant researcher in 2019.

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Alok is a graduate of Computer Science 1994 batch and UC, Berkeley. He is passionate about education and entrepreneurship. He serves on the board of TiE Delhi, co-founded Indian Angel Network, and is a founder trustee at Plaksha University. He has been teaching recreational math and problem solving to school students for several years, the IIT Delhi statement added.

Alok took to entrepreneurship early, with his first startup in 1999. He then set up and ran India venture capital operations for Canaan Partners. He is currently co-founder and CEO at Indifi Technologies, India's leading digital platform for MSME financing, the statement further said.

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