Homegrown companies have significantly increased hiring during the final placements for the Class of 2025 at several Indian Institutes of Management (IIMs), surpassing last year’s salary packages in many instances.
According to The Economic Times report citing officials from IIMs such as Ahmedabad, Lucknow, Indore, Kozhikode, and Mumbai, some of these domestic companies are recruiting for the first time.
“Indian firms, including startups, manufacturing and industrial companies, boutique firms and homegrown fintech and BFSI companies have hired about 40 per cent more than foreign multinationals,” said Roopak Kumar Gupta, chairperson of CARE (Corporate Access Readiness & Engagements) at IIM Kozhikode, which is currently conducting its final placements.
Rapid economic growth, and increased demand in sectors like fintech, consulting, manufacturing, and infrastructure, coupled with government initiatives, digitization, and expanding domestic market opportunities, have driven this rise, Gupta explained.
Neeraj Pandey, chairperson of Career and Development Services (Placements) at IIM Mumbai, concurs: “This year, domestic hiring has been stronger at IIM Mumbai, with Indian companies offering more roles and competitive salaries,” states the report.
Quick-Commerce Companies At IIM
At IIM Mumbai, e-commerce and quick-commerce companies have ramped up hiring, with Blinkit offering 14 positions with packages of Rs 30 lakh, Meesho offering 7 positions with Rs 49 lakh, Zepto offering 6 positions with Rs 33.5 lakh, and Delhivery offering 6 positions with Rs 24 lakh. “The hiring and packages are better at these companies, primarily driven by rising consumer demand, digital adoption, and improved logistics,” said Pandey, as per the report.
As a result, overall job offers at IIM Mumbai have increased by over 10 per cent, and the average salary has risen by 5 per cent compared to last year, with 198 companies participating in the placement process. The retail and e-commerce sectors saw a 47.73 per cent increase in hiring, with offers rising from 44 to 65, claims the report.
Domestic companies are offering highly competitive packages and structured career programs at IIM Indore, according to Director Himanshu Rai, reveals report.
