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Thursday, August 25, 2016

IIT Bombay bans 9 companies from placements for one year


IIT Bombay has blacklisted 9 companies from placments after they revoked offers made to students or delayed the joining date. 

All the companies have been banned for one year, implying that they can come back after the placements for the year 2016-17. 

The companies include Pune-based on-demand grocery start-up PepperTap, which is shutting down operations, and health tech start-up Portea Medical.

 Besides these two, Cashcare Technologies, China’s Johnson Electric and GPSK have also been banned for revoking offers. 

The other ground for blacklisting, cited by IIT Bombay in a press release on Thursday, 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,” it 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 joining. 

This is not the first time that an IIT is banning companies.

 In May 2016, Flipkart had an imbroglio with IITs after it deferred the joining date of recruits.

 The matter was settled after Flipkart came around and promised to take the recruits.

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