At a time when India's IT industry is facing massive layoffs, it has been reported that one of the country's top engineering colleges BITS Pilani managed to get 86 per cent of the overall batch placed this year with some of its students getting as much as Rs 60 lakh per annum.
According to a report in the Economic Times, BITS Pilani secured an average salary of Rs 11.07 lakh against Rs 10.33 lakh last year. "The highest on-campus international package of Rs 60 lakh was offered by Tokyo-based Works Application, one of Japan's largest enterprise software companies," the report said.
Another Japanese company Daikin offered a package of Rs 59.5 lakh. For domestic roles, the highest salary was Rs 35 lakh which was offered by California based cloud computing software company Nutanix.
Other highest payers include Schlumberger (Rs 32 lakh), Arcesium (Rs 29.5 lakh), DE Shaw (Rs 28.5 lakh), Amazon (Rs 27 lakh) and Directi (Rs 26.8 lakh).
Chief placement officer-India & Dubai at BITS Pilani University G Balasubramanian told the ET that the university's three campuses-Pilani, Goa and Hyderabad-saw a total of 646 recruiters, 38 more than the last year. He further said keeping the overall hiring environment in mind, the institute had advanced its placement season by a week across semesters to gain an advantage.
"Attractive slots in the dream week helped us garner a good market share of our key recruiters. Also, shifting our focus on core engineering and analytics in 2017 versus IT in the previous years proved critical in surpassing last year's numbers," Balasubramanian was quoted as saying.
Earlier in May, software companies like Cognizant, Wipro and Infosys reportedly laid off employees on a massive scale. The move came after the growth in India's 150-billion dollar IT industry slowed down more than anticipated.
Country's apex trade body ASSOCHAM had warned about industry's growth prospect in May and said: "Aggravated by rising rupee leading to lower realizations for software exports, the Indian IT firms may be forced to displace work force. In that case, the chances of layoffs are real."
Barely a week after this warning, country's third largest software services firm Wipro fired hundreds of employees as part of its annual "performance appraisal". Wipro laid off around 600 employees, while many predicted that number to go as high as 2,000.