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New Delhi: Leading Indian Institutes of Technology (IITs) have barred more than 20 companies from participating in this year’s placement season after these firms cancelled job offers made to students in the previous academic year. Some offers were withdrawn as late as June or July, just days before the joining date.
Since most IITs do not allow students with confirmed offers to attend further placement interviews, many affected candidates were left with almost no time or opportunity to find alternative roles. Following repeated instances across campuses, IITs jointly decided to blacklist these companies for the current placement cycle.
Placement officials said the list was compiled after several IITs reported cancellations from the same set of companies, many of which operate in the data analytics and software sectors. Although barred from campus placements, these companies can still hire students off-campus.
An IIT professor involved in the placement process said placement teams from 15 IITs worked together to verify the companies’ past behaviour. 'We looked at their past records too. Some of these companies had a history of revoking offers and six to seven IITs had already banned them from participation,' the professor said. He added that some companies even lowered salary packages after issuing appointment letters.
To expand opportunities for students, IITs are also bringing in more start-ups supported under the Centre’s Viksit Bharat programme. Officials said this move is expected to provide additional avenues, especially in a slow hiring market.
'The job market is slow, but we are trying to reach out to many more companies and encourage start-ups incubated on prominent campuses to reach the best targets,' the professor said. He added that placements have begun on a positive note.
Despite concerns over job offer cancellations, day 1 of placements saw strong participation from major recruiters. Companies offered a range of high-paying roles across profiles. IIT Roorkee had received eight international offers and 428 domestic offers in its first slot.
Top recruiters included Amazon, American Express, NVIDIA, Qualcomm, DE Shaw, Databricks, Eternal (Zomato), Flipkart and Google. Several proprietary trading and algorithmic trading firms such as Da Vinci Derivatives, NK Securities Research, Rubrik and Squarepoint Capital also made key offers.
Even though pre-placement offers (PPOs) saw a 10 to 20 per cent increase this year, many students chose to sit for day 1 interviews instead hoping for better roles or higher packages. At IIT-BHU, a total of 1,701 students including 1,100 BTech, 550 MTech and IDD students and 40 PhD candidates, are participating in placements this year. This comes despite the institute securing 280 PPOs before the placement season began.
