The Indian Institute of Technology (IIT) Kanpur, has successfully concluded the Phase 1 of placement season 2022-23 with the highest package of Rs 1.9 crore and 33 students receiving offers of over Rs 1 crore .

A total of 74 students received international offers.

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The Phase 1 for the 2022-23 graduating batch started on December 1 and went on for 15 days to conclude on December 15. Till the completion of the first phase, 1,128 students have accepted job offers including that of 208 PPOs (pre-placement offers).

After a gap of two years, placements were conducted in hybrid mode this time. Approximately 250 plus companies, including 35 plus startups, participated in phase 1 campus hiring and offered 1200 jobs. More than 60 companies extended 208 PPOs which is 33% more as compared to last year’s PPOs.

The Phase 1 saw 74 international offers indicating a jump of 57 per cent as compared to last year. So far, the highest domestic package received is Rs 1.9 crore. In all, 33 offers above Rs 1 crore have been received from various international and national organisations.

Last year, the highest packages at the end of Phase 1 of placement season 2021-22 were $287,550 for international and Rs. 1.2 crore for domestic.

Prof. Abhay Karandikar, Director, IIT Kanpur said in a statement on Monday that “the Placement season is a much-anticipated time of the year for the students and us, alike. We’re glad to have consistent trust and confidence extended to us by the recruiters in the recent past. As we continue to take leaps in enriching the R&D ecosystem of the institute, we’re witnessing good growth in job domains offered to our students as well. I congratulate the students who are placed in the Phase 1 and am quite hopeful that we’d witness the same enthusiasm in the second phase as well.”

A good number of core companies have shown interest in campus hiring this year. To date, 24% of the offers made at IIT Kanpur are from the core industries.

Prof. Raju Kumar Gupta, Chairman, Students’ Placement Office, IIT Kanpur, said, “We thank all the recruiters for their continued support and trust shown to the institute and students. Phase 1 has surely bolstered the confidence of the students. We have seen a paradigm shift in PPOs this year with an increase of 33% than the previous year. An appreciable number of offers came from various core industries and startups too. We hope to continue this sprint for the remainder of the season as well.”

Based on the number of students hired, the top recruiters this season at IIT Kanpur are Rakuten Mobile, American Express, PwC, Intel, Microsoft India,

Qualcomm, EXL, Oracle India Pvt Ltd, SAP Labs, CapitalOne, J. P Morgan & Chase, Reliance Industries Limited, Sprinklr, Axtria, Texas Instruments, Axis Bank, Eaton, Quadeye Securities, HSBC, Jaguar Land rover India Limited, Jio Platforms Limited, Walmart Global Tech India, Wells Fargo, Airbus Group India, ICICI Lombard GIC LTD, Larsen & Toubro Limited, Legato Health Technologies, among others.

The Phase 2 of campus placement 2022-23 season will begin from mid of January, 2023.