IITs blacklist 31 firms over placement complaints
Nine companies, mainly startups, have been blacklisted for a year by the Indian Institute of TechnologyBombay (IIT-B). These firms are on a list that names 31 firms barred from recruiting IIT students across India.
The decision follows a series of complaints against these firms for making last-minute changes to their original offer during the 2015-16 placement season, delaying the joining date for students and using fake office addresses.
The names of these nine institutes were revealed by IIT-B on Thursday.
A blacklist of 31 companies was drawn up on August 14 by the All India Placement Committee (AIPC), but the names were released after IIT-B revealed on Thursday the nine companies they had banned from campus recruitments.
The convener of the committee, Prof Kaustubha Mohanty, said the exercise is a precaution taken in the interest of students in all 23 IITs.
“We have decided now that when we ask a particular company to register with us, we will try to ask for data on their sources of funding, statements of accounts, balance sheets and number of employees,” Mohanty said.