Updated on: Wednesday, September 21, 2011
Despite financial worries and job cuts in US and Europe, campuses in India have news to cheer about. IT major Tata Consultancy Services has recruited 1,755 students from SASTRA University campuses in Thanjavur and Kumbakonam over two days and 1,214 students from SRM University near Chennai last week.
The company has recruited more students from the two campuses this year than in 2010. “This is reassuring news for engineering graduates, when the mood is not so upbeat. It shows that things will recover,” said dean of planning and development at SASTRA University S Vaidhyasubramaniam.
Cognizant has recruited 1,050 from Amrita University (Coimbatore, Bangalore and Kochi), 803 from Anna University, Chennai, 702 from PSG College of Engineering, Coimbatore, and 340 from Sri Venkateswara College of Engineering, Chennai. It recruited 464 from Birla Institute of Technology, Mesra, 410 from Chaitanya Bharati, Hyderabad, 294 from Institute of Technology, BHU, Varanasi, and 234 from Institute of Engineering and Management, Kolkata. “This year, the yield from these campuses is the best in our history,” said Shankar Srinivasan, chief people officer of Cognizant.
K Kanimozhi, a BTech student from SASTRA University was recruited by TCS this year. At Rs 3 lakh to Rs 3.5 lakh a year, the salary packages havn’t grown. Last year, Cognizant recruited 1,643 students from VIT University, Vellore, setting the record for bulk recruitment in 2010.
Educational consultant Jayaprakash Gandhi said that the prospects look good. but Dean of placements at SRM University S Ganapathy said “While the numbers are higher than 2010, I see major players gobbling up the share of smaller companies in the recruitment side this time. Last year 30 companies visited our campus. I am sure that we will have only 20 or so in 2011.”