It's Kaun Banega Crorepati at IITs from Sunday

It's Kaun Banega Crorepati at IITs from Sunday

More cos are likely to offer crore-plus packages. Salesforce is set to pip Microsoft as biggest paymaster.

Salesforce, Microsoft, Cohesity and Uber are set to offer crore-plus pay packages for the cream of engineering talent at Indian Institutes of Technology, where the final placements start this Sunday.

Only two companies, Microsoft and Uber, had offered compensation packages in excess of Rs 1 crore last year.

“Despite all the talk about a slowdown, it is shaping up to be a strong placement season. There are more companies this year offering big salary packages,” said a placement ..

San Jose-headquartered privately held information technology company Cohesity and cab aggregator Uber also have lined up offers worth more than Rs 1 crore for jobs in the US. Uber’s offer remains unchanged from last year.

Making its debut at the premier engineering colleges is Clumio, a startup which is offering a package of Rs 89.5 lakh ($125,000), said placement sources.

Most of these companies are looking at hiring graduates &Post Graduates for Software development profiles.

Some of the pre-placement offers are likely to be converted into international offers during the final placements.

Reported last Saturday that Pre Placement offers at both old and new IITs had outnumbered last year’s numbers by an average of 19-24%, in an indication that the top tech colleges are largely insulated from the economic slowdown