PSUs make a comeback to IIT Bombay placements after two years

IIT Roorkee’s Placement Manager Himanshu Bansal told The Indian Express that five PSUs, including ONGC had registered so far.

Written by Priyanka Sahoo | Mumbai | Published:November 14, 2016 3:16 am

WITH THE placement season set to begin in just two weeks, Indian Institutes of Technology are seeing a rush from the Public Sector Undertakings (PSU) and companies from the core sectors of engineering.

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At IIT Bombay, more than 300 companies have registered for placements so far, including six PSUs while four of the 263 companies registered at IIT Madras were PSUs. IIT Roorkee’s Placement Manager Himanshu Bansal told The Indian Express that five PSUs, including ONGC had registered so far.

“We are in touch with many PSUs who have shown interest for campus hiring and would be registering with us soon,” said Bansal.

PSUs are making a comeback to IIT campuses two years after a Madras High Court banned them from recruiting students from IITs as it was unfair to students from other institutes who also wanted to secure jobs in PSUs. Only in September last year did the High Court dismissed the plea allowing PSUs to recruit from IITs.

Even as the number of start-ups coming for placements has dropped this year, core companies seemed to be flocking to the premier institutes for placements.

“A few new core companies such as Vedanta Group, Toyo Engineering, Faurecia, etc and some new FMCG recruiters are expected to come this year,” said Tom Mathew, Professor In-charge of placements at IIT-B.

“There is an increase in companies visiting for core profiles. Major recruiters include Schlumberger, RB, Bajaj Motors etc,” said Bansal. Bajaj along with other core sector giants such as General Electric and Hyundai has also registered at IIT Madras, according to the institute’s Placement Advisor Manu Santhanam.

After last year’s experience with start-ups, the institutes have grown cautious of inviting them for placements. IIT-B has not yet contacted Flipkart after the online retail giant deferred joining dates last year.

“We are still in touch with those students who were selected last year and few of them are doing their internship provided by Flipkart. We haven’t contacted Flipkart yet and as soon as we get the confirmation about the offers made last year and their joining dates, we will consider their case favourably,” said Mathew.

It, however, appears that Flipkart will not participate in campus recruitments at the IITs this year as some top IITs said Flipkart had not yet registered or had denied participating in placements this year.

Bansal told The Indian Express that the institute had invited Flipkart but it denied. “Yes, we contacted Flipkart but their hiring needs for this year are minimal, hence they denied,” said Bansal confirming that major start-ups such as Snapdeal and Paytm had not registered for placements yet. At IIT Madras, too, Flipkart has not registered yet.

“We will be hiring from IITs this year but it would be restricted to very specific and niche roles only. We are definitely not going to hire in large volumes,” Priyama Pandey, a spokesperson for Snapdeal said.

Spokespersons for Flipkart and Paytm refused to comment.

Flipkart was one of the companies, including Peppertap, Zomato and Stayzilla that had either delayed joining dates or withdrawn offers made to selected students last year. It had later offered to absorb the recruits as paid interns.

In the wake of last year’s experience, the All IIT Placement Committee released a list of 31 companies, mostly start-ups, to be blacklisted from this year’s placement season but Flipkart had been left out of the blacklist. Even as numbers suggested that fewer start-ups had registered this year, a few new start-ups have registered, too.

“The start-ups that are visiting this year are quite good. Their USP is amazing and they have hefty funds in their pockets. So, students are excited to join the start-ups which are visiting this year,” said Bansal.