At Thadomal Shahani Engineering College in Bandra, the annual average salary offered rose from R3 lakh last year to R4 lakh this year. At the Institute of Chemical Techno-logy (ICT) in Matunga, it rose from R4.75 lakh to R5.2 lakh. And at Veermata Jijabai Techno-logical Institute (VJTI) in Matunga, from R3.5 lakh to R4.5 lakh.
Placements are still underway at these institutes, so the average package offered is likely to go up further, officials said.
“We are seeing increased competition between companies, which has driven salary packages up,” said Virendra Rathod, head of the placement and training cell at ICT.
Added GT Thampi, principal of Thadomal: “This is unexpected. There has been a turnaround in IT. The recession seems not to have affected placements.”