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Pundag cradle punches downturn

No drum rolls. No over-the-top claims. But a 29-year-old professional institute in Ranchi is quietly proving its relevance to the industry even in a season of hiring freeze.

Institute of Science and Management (ISM) in Pundag, Ranchi, recorded 100 per cent and 80 per cent placements, respectively, of its hotel and business management students.

“The performance of ISM-Pundag is next to XLRI-Jamshedpur in the state as far as placement is concerned,” the institute’s executive vice-chairman R.N. Singh told the media on Friday.

Singh said all 95 hotel management students had been placed. Campus headhunters had recruited 80 per cent of the 60 business management students, he added. Recruiters included ITC, The Oberoi Group, Hyatt, Voltas, Transport Corporation of India, Future Group, JK Tyres and others

“Some of the students have even two or three job offers,” Singh added.

On the spectrum of package, he said it ranged between Rs 3.1 lakh and Rs 5 lakh. “I won’t say it is in keeping with the inflationary scenario in the country, but we are satisfied with our performance as the job scenario is rather bleak now. Most companies are busy in cost-cutting exercises,” Singh said.

Institute registrar G.D. Gulab added they focussed on keeping their fee structure affordable. “Here, students pay Rs 3-4 lakh for courses offered for Rs 8-10 lakh in big cities.”

The Pundag institute is also known to help poor students get jobs. The state has chosen the institute to impart training to needy students in hotel management. Over the years, ISM-Pundag ensured placements of 1,500 poor students in the hospitality industry.