IIT Bombay has blacklisted nine companies from placements after they revoked offers made to students, or delayed their joining date.
All the companies have been banned for a year, implying that they can come back after the placements for 2016-17.
The companies include Pune-based grocery start-up PepperTap, which is shutting down operations, and health tech start-up Portea Medical. Cashcare Technologies, China’s Johnson Electric and GPSK have also been banned for revoking offers.
The other reason cited for blacklisting is the weak credentials of a firm. LeGarde Burnett Group “revoked the offer and the company was found to be fake with no proper office address,” a statement issued by IIT-Bombay on Thursday said.
Another firm, Mera Hunar, came with a different name and hired students for another start-up, while LexInnova and IndusInsight have been banned for delaying the date of joining.
We lose little: companies The companies BusinessLine spoke to declined official comment on the ban. However, speaking on condition of anonymity, some of them responded by saying that a ban by the premier institute would have no impact on them as they retained several other options.
“Most online start-ups do not place too much importance on hiring from the top institutes. For them, hiring the right talent is the key — be it from the pool of experienced professionals in the market or freshers from other institutes,” said an official of one of the banned companies.
As the e-commerce sector slows down, the past few months have seen several start-ups delaying job offers made during campus placements.
In May, Flipkart had a run-in with several institutions after it deferred the joining date of recruits. The matter was later settled after the e-commerce giant came around and promised to honour its promise of employment.