Parag is a Managing Director at Inventus India, a venture firm that invests in entrepreneurs building tech-focused companies in India. At Inventus India, Parag is/was a Board Director at redBus (acquired), FundsIndia, Vizury/Lemnisk, eTechies (buyback), Power2SME, PolicyBazaar, Avaz (buyback), peel-works, Tricog and Worxogo. He is based out of Chennai.

Parag made a foray into venture capital after his MBA in 1993. He started off with ICICI Venture (in Chennai) and followed that up with stints at GE Equity (in Gurgaon) and Intel Capital (in Chennai). Parag also worked, for two years, with Genpact in a commercial role.

Parag has a B. Tech. (Mech. Engg.) from IIT, Delhi and is an MBA from IIM, Chennai.