IITs To Favour PSUs Over Startups At This Year’s Placement

Following a series of complaints of startups revoking offer letters to its students, this year IITs have planned to give early placement slots to public sector undertakings (PSUs), despite these companies offering much less pay package than private companies. The idea is to give students a chance to opt for stable jobs rather than pick up lucrative, yet unstable offers in startups.

Some of the PSUs likely to be invited include Oil and Natural Gas Corp, Indian Oil Corp, Bharat Heavy Electricals Ltd, NMDC and Hindustan Aeronautics Ltd.

Early this year, the All IITs Placement Committee (AIPC), blacklisted a total of 31 startups for dishonouring job offers.

Sign Up for Our Newsletters

Get smarter with most important stories.

You May Also Like

5 Indian Startups Made It To Startup Chile Program [Congratulations]

During the six months program, the participants must be in Chile– for which they receive US$40k of equity-free seed capital, a 1-year work visa, and access to local ?nancial and social networks– the objective is to raise funds, hire talent, create networks, and to launch their businesses from Chile while leveraging and interacting fully with the local entrepreneurship ecosystem.
View Post