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Last Updated : Sep 21, 2017 10:42 AM IST | Source: Moneycontrol.com

Zomato, other startups can return to IITs for placements as institutes lift ban

The ban was enforced last year after many companies withdrew their offers closer to the joining dates.

Indian Institutes of Technology (IITs) will revoke a ban placed on 31 companies — most of them startups — from participating in campus placements, according to Mint.

The ban was enforced last year after many companies withdrew their offers closer to the joining dates.

The list of banned companies included Portea Medical, food startup Zomato and baby care specialist Hopscotch.

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“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The committee said the ban was revoked as new IITs could benefit from having more companies in the mix and because some students were interested in big startups.

“We are not against start-ups per se. We took a stand last year to send a message to companies that hire our students and then withdraw offers,” Kaustubha Mohanty, a professor at IIT Guwahati and co-ordinator of AIPC, was quoted as saying.

He also said that the IITs, like a lot of colleges, follow the principle of one-student-one-job.  This prohibits the student from participating in other interviews once he receives an offer. In such a scenario, the student is in trouble if the offer is withdrawn later.

“The placement committee of each IIT will have the option to now invite or accept the offer from all such firms. But we shall tell them the track record of such companies,” Mohanty added.

“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IITs have a long history of being home to great engineering talent, and we’re grateful that the hiring ban has been withdrawn.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 in a statement.
First Published on Sep 21, 2017 10:42 am
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