The IIT Placement Committee decided on a year ban on 31 companies. Mostly startups like Grofers, Hopscotch, including others have been banned and they will not be taking part in the campus recruitment drive. The decision has been taken because the companies made a lot of changes at the last minute. IIT said that they “were playing with the career” of their students.
As seen in past few years, some of these companies had offered jobs to IIT students, but were delaying their joining date and even some of them revoked the offer letters of the students. This has happened for the first time that an educational institution has taken such a drastic step and the major target being startups. But the irony here is that most of the startups that have been banned were started by the IIT alumni only. This matter was also discussed at the recently held national level conclave of all the IITs in the country. Though the list was finalized by the authorities on 14th August itself, the completed list came out only after IIT Bombay revealed the names of the 9 companies they banned. Taking a hint from IIT Bombay, rest of the IITs will soon come out with a list of the companies they have banned from recruiting.
Prof Kaustubha Mohanty, the convener of the committee, said, “The exercise is a precaution which has been taken in the interest of the students in all the 23 IITs of the country.” He further added, “We decided that when we ask a particular company to register with us, we will try to ask for data on their sources of funding, statement of accounts, balance sheet, and number of employees. We used to ask for a lot of details earlier too, but not so stringently.” They believe that this is the right way to send a strong message to the companies who come to recruit but later dishonor their promises.
After the ban of one year gets completed, the companies will only be able to recruit after they go through the whole process. In the last placement season, around 140 students were left affected as these companies were not able to keep up their promise. Restaurant search service provider Zomato has also been banned by IIT. In case of Flipkart, as of now, only a letter has been issued to them. In the past few months, a lot of startups have delayed the job offers that they had made officially to the students.