AlphaGrep Securities, a quantitative trading and investment firm, is providing CSR Funding of Rs. 5.65 Crore towards the establishment of this lab.

MoU

An MoU (Memorandum-of-Understanding) was signed in this connection. It was signed between Prof. Ashwin Mahalingam, Dean (Alumni and Corporate Relations), IIT Madras and Mr. Mohit Mutreja, Chairman and Managing Director, AlphaGrep Securities.

Director of IIT Madras

Director of IIT Madras Prof V Kamakoti highlighted about the need for such research centers.

Three decades before, the financial institutions were predominantly run by their legal group, the next decade by their finance/audit group and currently by the Information Technology group.

The time is ripe now to look at how AI can be used for effective and efficient conduct of business of these institutions. The proposed lab will be precisely addressing this issue, said director of IIT Madras.

Collaboration

Prof. Ashwin Mahalingam, Dean (Alumni and Corporate Relations), IIT Madras welcomed the collaboration.

‘Given how much work there remains to be done in bringing AI to the world of finance, a program that focuses on exploratory research is exactly what we think will push us forward. ‘

We are very happy to be supported by AlphaGrep Securities in this regard and look forward to building this partnership further, said Prof Ashwin of IIT Madras.

Key outcomes

The Key Outcomes envisaged from this Research Centre include

Ø Exploratory Projects on applying frontier AI techniques to quantitative finance

Ø Training Programs for different stakeholders in this space

Ø Focused courses for students on AI for quantitative finance

Ø Development of data sets and other resources to enable research

This strategic initiative marks a significant step towards fostering innovation in Artificial Intelligence and Machine Learning for Quantitative Finance, he said.

The lab aims to nurture collaboration between esteemed faculty members of IIT Madras, and staff at AlphaGrep, and provide advanced resources and mentorship to IIT Madras students, enabling ground breaking research and development in these cutting-edge fields, he said.

Together, we are committed to shaping the future of technology and nurturing the next generation of leaders in quantitative research, he said.

Working in the lab

The Professors who will work in this lab include Prof. Nandan Sudarsanam, Dr. Nirav Bhatt and Dr. Arun Ayyar (Adjunct faculty) from the Department of Data Science and AI, IIT Madras.

Work

Prof. B. Ravindran, Head, Wadhwani School of Data Science and Artificial Intelligence, IIT Madras spoke on the work that would take place at the new center.

The quant community has been at the forefront of adoption of new technologies in their models, he said.

With the rapid advances in AI in the past two years, it has become imperative to look at how the AI tools can help with quantitative research and how we can use these tools in a responsible fashion, said Prof Ravindran of IIT Madras.

The new lab will work with the industry in advancing the understanding and responsible adoption of AI in quant models, he said.

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The exam will be conducted on 18 May 2025.  This is for those keen on admission into IITs situated in various states of India.

The entrance exam for IIT admission will be conducted by IIT Kanpur for 2025.

Age Limit

Students trying to take up JEE Advanced 2025 application submission must have been born on or after October 1, 2000. Five years age relaxation is given to SC, ST, and PwD candidates, i.e. these candidates should have been born on or after October 1, 1995.

Admission process

Candidates have to take up JEE Advanced 2025 application submission online. Those who have submitted applications will appear for JEE Advanced 2025 conducted by IIT Kanpur.

Individuals have to pass the entrance test with required qualifying marks to be eligible for further procedure which includes counselling.

Counselling is the process where the students can choose the course of their choice and the institution where they desire to study it.

Selection will be done based on performance in the qualifying exam, written test, choice of the course by candidate and availability of seats there.

Who can take up JEE Advanced 2025 application submission?

The eligibility required to take up JEE Advanced 2024 registration is a pass in plus two from a recognized educational institution located anywhere in India.

They must have passed plus two from science stream with subjects as maths/biology physics and chemistry.

Those keen on pure engineering can pass plus two with maths, physics and chemistry as core subjects.

And, candidates focusing on biology or biotechnology oriented engineering courses should have passed plus two with biology, physics and chemistry as subjects.

Applicants must also have passed JEE Mains with a rank among the top 2.5 lakhs on a national level. Candidates who fulfill all these conditions can take up JEE Advanced 2025 registration.

The URL mentioned above has to be typed into the browser of the computer and the website has to be allowed to download.

Process differs here as applicants are divided into two categories – Indian citizens and foreign nationals and the process to register is different for both these categories.

Foreign applicants

Once the web page is available in the browser, candidates must click the registration link.

Post clicking the link, candidates can provide details like their name, date of birth, and email id and create an account comprising a username and password.

Once the account is ready, candidates can log in and start filling out the application form for JEE Advanced 2025.

The form has to be filled and the registration fee has to be paid and submitted.

Post submission, applicants have to wait for the message indicating successful submission, once it is obtained, it can be downloaded and a printout of it has to be taken and preserved for future use.

Indian applicants

Eligibility for Indian applicants is a pass in plus-two and also in JEE Mains. They can visit the official website mentioned above and click the registration link.

Post clicking the registration link, they can enter their JEE Mains roll number, date of birth and other information and log in and begin JEE Advanced 2025 application submission.

JEE Advanced 2025 application submission fee is to be paid and the form has to be submitted.

Website for JEE Advanced 2025 application submission can be accessed here

1. Type the URL mentioned above and submit it to allow the website to download.

2. Once the website is ready, click the link for downloading the hall ticket.

3. Enter application number, date of birth and other details to view the admit card.

4. Download the admit card and take a printout of it.

After JEE Advanced 2025 application submission

Candidates have to attend the exam on the date which would be mentioned at the appropriate time.

Those who have passed the exam with required qualifying marks and are keen on studying BTech in IITs can go for the counselling conducted by JoSAA.

Students who have a desire to study BArch in IITs can appear for AAT (Architecture Aptitude Test) which will open for registration after result declaration for JEE Advanced 2025.

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