Nine companies blacklisted from IIT Bombay campus placements
Nine companies, mostly startups, have been blacklisted from IIT Bombay placementseducation Updated: Aug 25, 2016 16:08 IST
The Indian Institute of Technology-Bombay has blacklisted nine companies and banned them from campus recruitments this year after a flurry of complaints against the firms.
Five of these firms -- GPSK, Johnson Electric, China, Portea Medical, Cashcare Technologies and PepperTap – were blacklisted for revoking job offers made to students.
The LeGarde Burnett Group was banned for revoking and offer and having a fake office address.
Another company named Mera Hunar was barred from campus recruitments as it came with a different name and hired students for another startup.
IndusInsight was blacklisted for delaying the joining dates of candidates. The IIT administration issued a notice to announce the unprecedented move.
The past few months saw several startups delaying job offers made during campus placements. Several top firms – including ecommerce giant Flipkart -- pushed back the joining dates of new recruits from several top institutes by at least six months.
In June this year, the IIT Council decided to blacklist companies that deferred placements, revoked offers or reduced salary packages initially offered to students at the campus placements. But the Council didn’t divulge the names of the companies it was planning to blacklist at that point of time.
The IIT-Bombay decision follows months of speculation that a slowdown in the start-up sector was hurting placements in India’s top schools. At present, start-ups account for almost a third of campus job offers across IITs and IIMs.