Earlier there was a ban on start-ups for IIT campus placements, which is now removed because some students wanted to work for them and benefit themselves from having more companies in the batch.
The Indian Institutes of Technology (IITs) on Wednesday announced that they were reversing a ban on 31 companies, most of them start-ups, from participating in campus placements. The move comes a year after the companies were placed on the list.
The ban was enforced after the start-ups withdrew offers they had made to students at the IITs, leaving them in the lurch. Few companies among them were Portea Medical, Zomato, Hopscotch, etc.
“As per the decision taken during the 23rd AIPC (All-IIT placement committee) meeting at IIT Bombay… the ban on companies blacklisted …on 14 Aug 2016 is hereby revoked with immediate effect,” the IITs said in a joint statement.
The ban was revoked due to three reasons. First, some students wanted to work for some big start-ups in the list; second, the ban was for one year only, hence a decision was needed before the placement season began; and third, the new IITs could benefit from having more companies in the mix.
Most IITs follow the one-student-one-job principle, like other institutions, during the placement season which means that a student who receives an offer can’t appear for more interviews. If the offer is withdrawn later, then the student is in trouble.
“The placement committee of each IIT will now have the option to invite or accept the offer from all such firms. But we shall tell them the track record of such companies,” Mohanty, a professor at IIT Guwahati said.
“The IITs have a long history of being home to great engineering talent, and we’re grateful that the hiring ban has been withdrawn. We look forward to a long and fruitful association with the IITs,” a Zomato spokesperson said.
A spokesman of Protea said he will be commenting on IITs lifting ban “after discussing the matter internally”.