IIT-Bombay Forbids Nine Startups for Revoking, Delaying Placement Offers

IIT Bombay

Image : timesofindia

26 August 2016, India :

IIT Bombay has blacklisted nine companies from its upcoming placement season, the institute said in a statement today. The companies barred from campus for a year include LeGarde Burnett Group; GPSK; Johnson Electric, China; Portea Medical; Peppertap; LexInnova; Mera Hunar; Cashcare Technologies and Indus Insights.

Since decisions on blacklisting are taken by the All-IITs Placement Committee (AIPC), and usually adhered to by all IITs, it is likely that the blacklisting holds true at the other older IITs as well.
Infact, the combined list of blacklisted companies at the IITs is likely to far surpass 9. Blacklisted startups alone are expected to be over 20. “These 9 are companies that had created issues at IIT Bombay,” said Shreyash Gupta, placement manager at IIT Bombay.

The reasons for blacklisting include everything from revoking of offers as in the case of GPSK, Portea Medical, Peppertap and Cashcare Technologies to a delay in joining dates as with Indus Insights and Lex Innova. LeGarde Burnett Group not just revoked offers but the company was found to be fake with no proper office address while Mera Hunar came with a different name and hired students for another startup. Source- ToI

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