In a typical year, 30% to 50% of the offers come from IT/ITeS companies alone, placement officials at over half a dozen engineering colleges in Karnataka, Kerala, Tamil Nadu and Rajasthan told ET.
This year, Tata Consultancy Services and Cognizant have not yet visited Government Engineering College, Thrissur (Kerala), said its training and placement officer Subin Poulose. The college had received more than 770 offers for 400 students in the Class of 2022, which dropped to close to 570 offers for the Class of 2023.
“This year, we expect the offers to drop further by 20% or more,” said Poulose.
At the Jaipur-headquartered Poornima group, which runs three engineering colleges and one university, several of the big IT/ITeS recruiters including Infosys, Capgemini and Cognizant have not come yet for the 2024 batch.
“Only TCS has given a positive indication that they will hire in good numbers,” said its director, corporate relations, Dipti Lodha. The group had anticipated the situation 8-9 months in advance and has called at least 50% more recruiters this time, she said.IT recruiters in their conversations with the placement cells at the engineering colleges are citing reasons like cancellation of projects/uncertain demand environment for hiring lower numbers. IT services firms like Infosys, TCS, Wipro, HCLTech and Cognizant typically hire in large numbers from state government and private engineering colleges and a lower number from IITs and NITs.These companies did not respond to ET’s emailed questions till the time of going to the press Saturday.
Placements at most private and government engineering colleges start by August.
Despite no-shows or delayed visits by IT/ITeS firms, these colleges have not given up hope. Most placement officials ET spoke with said they are hopeful of these recruiters visiting towards the end of the placement season in 2024.
IT companies are visiting Siddaganga Institute of Technology (SIT) at Tumkur in Karnataka, but in fewer numbers compared with last year. “Many IT service companies are yet to start. A few who have visited are Accenture, Tata Elxsi, DXC Technology, Cisco, etc.,” said placement officer Chowdari KK.
Last year, more than 200 IT services and IT product companies visited with 1,000-plus offers made at SIT.
This year, the number of IT companies may drop to 150. “There could be a drop of 200-250 offers from IT companies,” said Chowdari.
At Bengaluru’s Dayananda Sagar College of Engineering, firms including Cognizant, Capgemini, Wipro, LTI Mindtree and Infosys have not yet visited.
“They may come at the end of the year or in the new year for software engineer roles, but numbers will be lesser than last year,” said MN Guruvenkatesh, senior vice-president, placements and skill development at the college. Accenture and DXC Technology have confirmed their participation, he said.
At Dayananda Sagar, IT/ITeS companies usually account for 1,000-odd offers for the 2,500-strong batch. “We are expecting 300-400 fewer offers this year,” said Guruvenkatesh, who has invited many more companies this year.
At a tier-3 engineering college in Karnataka, a placement source who declined to be named said they are roping in as many recruiters as possible, even if they hire 1-2 students each. At this college, the likes of Infosys and Wipro, which had hired students in large numbers in 2021-22, hardly hired or stayed away in 2022-23. This year, these companies have not even responded to the invitations.
Another placement official at one of the leading tier-2 colleges told ET that the impact of the IT slowdown was almost negligible last year. “This year we are bracing for more impact as there is no sign of even those few IT companies that turned up last year,” said the official, who did not wish to be named.