Achyutagraj was an epithet of Indra, who was the elder brother of Achyut.
This name was given to Indra because in one of their incarnations, Indra and Vishnu were both sons of Kashyap. In that incarnation of Vishnu or Achyut, he was the Vaman or the dwarf incarnation.
In another mythological story Krishna's elder brother Balram was also known as Achyutagraj, because Krishna was incarnation of Vishnu or Achyut.