IIT Bombay bars nine firms from placements

Our Bureau Mumbai | Updated on January 17, 2018 Published on August 25, 2016

IIT job

Some had revoked offers, others had weak credentials, says institute

IIT Bombay has blacklisted nine companies from placements after they revoked offers made to students, or delayed their joining date.

All the companies have been banned for a year, implying that they can come back after the placements for 2016-17.

The companies include Pune-based grocery start-up PepperTap, which is shutting down operations, and health tech start-up Portea Medical. Cashcare Technologies, China’s Johnson Electric and GPSK have also been banned for revoking offers.

The other reason cited for blacklisting is the weak credentials of a firm. LeGarde Burnett Group “revoked the offer and the company was found to be fake with no proper office address,” a statement issued by IIT-Bombay on Thursday said.

Another firm, Mera Hunar, came with a different name and hired students for another start-up, while LexInnova and IndusInsight have been banned for delaying the date of joining.

We lose little: companies

The companies BusinessLine spoke to declined official comment on the ban. However, speaking on condition of anonymity, some of them responded by saying that a ban by the premier institute would have no impact on them as they retained several other options.

“Most online start-ups do not place too much importance on hiring from the top institutes. For them, hiring the right talent is the key — be it from the pool of experienced professionals in the market or freshers from other institutes,” said an official of one of the banned companies.

As the e-commerce sector slows down, the past few months have seen several start-ups delaying job offers made during campus placements.

In May, Flipkart had a run-in with several institutions after it deferred the joining date of recruits. The matter was later settled after the e-commerce giant came around and promised to honour its promise of employment.

Published on August 25, 2016
This article is closed for comments.
Please Email the Editor