15 March 2018 05:28:26 IST

71 IIT-Madras students get pre-placement offers

308 companies register for phase-I of placement

Multinational finance company Goldman Sachs leads the list of firms that have made pre-placement offers to at IIT-Madras students, this academic year. Goldman Sachs offered jobs to seven students, followed by others such as Adobe (six), Qualcomm and Reliance (five each).

Of the total 71 students who received pre-placement offers from various companies based on their internships, 47 have accepted the offers, said sources at IIT-Madras.

Companies such as MaxLinear, Barclays, IFMR and Wipro Consumer Care made pre-placement offers for the first time.

Manu Santhanam, Advisor - Training and Placement, IIT-Madras, said there was no major trend visible in the pre-placement offers between this year and last year. “We have seen a good number of offers because of the active internship programme,” he told BusinessLine.

The first phase of campus placement at IIT-Madras commenced on Thursday. Many companies and public-sector undertakings that have registered for the first phase of placement will recruit students from December 1 to 13.

So far, 308 companies have registered for the initial phase of the placement season; 1,327 students have registered for these opportunities.

Despite issues with start-ups and the blacklisting last year, the institute has not seen a major decline in the number of start-ups this year — 74 as against 98 the previous year, says a press release from IIT-Madras.

The list of companies that have registered for the initial phase of placements, when most of the coveted offers are made, includes Amazon Development Centre India, Axis Bank, American Express, Goldman Sachs, EY, Intel Technology India, McKinsey, Microsoft, Rolls-Royce India, The Boston Consulting Group and Uber.

Nine PSUs have confirmed their participation in the placement drive, including the Indian Navy, the Indian Space Research Organisation, Coal India, ONGC and the Centre for Development of Telematics, the release said.