Deserted by Flipkart, IIM-A grads get support from Paytm, ShopClues | business | Hindustan Times
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Deserted by Flipkart, IIM-A grads get support from Paytm, ShopClues

business Updated: May 27, 2016 12:32 IST
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Flipkart is India’s largest online marketplace, while IIMs are the top hiring grounds for companies in the country.(Photo courtesy: Flipkart)

Paytm, the country’s largest mobile wallet company, has said it will evaluate the resumes of 18 IIM-A graduates, after Flipkart deferred their joining by six months.

IIM-A and Flipkart are locked in a face-off with the e-commerce major refusing to honour its job commitment to students of the prestigious institute until December, as against June promised earlier, but offered a compensation for the intervening period.

“We have received mails from the placement cell of IIM-A and we will look at hiring these graduates, but only after interviews,” said Amit Sinha, vice-president, Paytm.

On Wednesday, the Indian Insti­tute of Management, Ahmedabad (IIM-A) had sent the 18 resumes to Paytm. IIM-A placement committee chairman Asha Kaul was also marked on the e-mail.

Read | Firm on IIM grads joining by Dec, Flipkart offers Rs 1.5 lakh compensation

The interviews will be over the next couple of weeks. Paytm has already hired 50 graduates from IIMs and other business schools. “We have a lot of positions, so we were already exploring hiring options,” Sinha said.

Around 10% of IIM-A graduates are hired by e-commerce companies every year. Flipkart’s move to postpone the hiring is expected to impact its relation with IIMs.

Some of the affected students had individually approached ShopClues, another e-commerce company. “IIM graduates who have been hired by Flipkart have reached out to us. I have had two emails so far,” said Radhika Agarwal, co-founder of ShopClues.

Read | Flipkart defers joining date of IIM graduates by 6 months

When contacted, the IIM-A spokesperson said: “If a firm delays the date of joining, the students are free to look for alternatives. The placement committee does assist students in such situations on a case-by-case basis.”

Meanwhile, the placement cell of IIM-A has asked Flipkart to confirm these students will be absorbed by December. “We will get more clarity on the placement next week, probably by Tuesday, after which we will decide the plan of action,” said K Sanjay Koushik, media secretary, students’ affairs council at IIM-A.

He however, denied reaching out to Paytm or any other company for hiring of the students.