IIT bar 31 companies from taking part in placement activities
The Indian Institutes of Technology (IITs) barred 31 companies from taking part in the placement process this year for holding back on offer letters or delaying joining dates.
- Most of the blacklisted companies are startups and some of them were started by IIT alumni. Companies like Portea Medical, and Groefers, are among those companies barred from taking part in the placement process of this year
- Two firms on the blacklisted lists, Johnson Electric, and Fundamental Education are not start-ups. However, at least three firms are already closed and others are facing the financial problem
A senior professor told "Around 135 students from across IITs were affected due to the last-minute revoking of offers by these startups. A majority of the start-ups that we are blacklisting this year are those that had revoked their offers from institutes in Mumbai, Kharagpur and Roorkee. These institutes have more students registering for campus placements compared with other institutes and, therefore, more students were affected."
Indian Institute of Technology- Bombay (IIT-B) also announced the name of nine companies on Thursday that it has blacklisted for allegedly holding back on job offers that it offered to the students. LeGarde Burnett Group, LexInnova, IndusInsight, and GPSK are some of the companies blacklisted by the institute.