Home Newsroom Sachin Bansal, Flipkart co-founder and an IITian himself says, “Non-IIT students are as good as the IITians!"

Sachin Bansal, Flipkart co-founder and an IITian himself says, “Non-IIT students are as good as the IITians!"

D2C Admin

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Sachin Bansal, Flipkart co-founder and an IITian himself says, “Non-IIT students are as good as the IITians!"

0 min read

A never-ending discussion!

People usually think that good engineers come out of IITs alone! Yes, these people exist! And if you belong to one such squad, let us give you a bird' view of the engineering landscape.

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In a recent press release, Sachin Bansal, the co-founder of Flipkart stated that students from tier II and tier III colleges are as exceptional and worthy as everyone else. If you aren't from an IIT, you don't have to compare yourself to others. (and we cannot agree more!)

Sachin Bansal, who is an IITian himself, left his most successful venture, Flipkart, in 2018 to start Navi Technologies (erstwhile known as BACQ). Co-founded by Ankit Agarwal to build consumer-centric and technology-driven businesses in the BFSI (Banking, Financial Services & Insurance) space, this new company was founded six months after Sachin stepped down as the CEO of Flipkart.

As a founder of a company, he has not limited himself to hiring students from just the top colleges and universities, ‘the crème de la crème.’ He is equally interested in hiring talents from the not-so-obvious colleges.

He says that the Internet has proved itself to be a teacher and a guide to most of the students. The available material has helped people take quantum leaps in their respective fields. He even revealed that he taught himself finance and accounting online.

No doubt about it! If you are passionate to learn and excel there is no dearth of resources (it doesn’t matter whether you are from an IIT or a non-IIT engineering college) And to testify this here is an array of such examples who nailed the start-up world even after coming from a non-IITian background.

Vijay Shekhar Sharma: Founder and CEO of the financial technology company, Paytm, he is a graduate of Delhi College of Engineering. Founded in 2010, Paytm is an Indian multinational technology company that specializes in digital payment systems, e-commerce, and finance with an estimated revenue of USD 460 million.
Byju Raveendran: After completing his B.Tech from the Government College of Engineering, Kannur, and gaining some working experience as a service engineer, he along with his wife decided to start Byju's in 2011. One of the leading Indian multinational educational technology companies, it is now valued at USD 16.5 billion (as of June 2021).
Ashish Shah: A Chemical engineer from Savitribai Phule Pune University, he co-founded Pepperfry with his eBay colleague Ambareesh Murty in 2012. Today it is one of the leading online furniture startups in the country, with estimated funding of USD 197.5 million across six rounds. Not to forget mentioning his life mantra - Arise, awake, and not stop till the goal is reached!
Girish Mathrubootham: Founder and CEO of Freshworks, Girish kickstarted his career as a support agent. An electrical and electronics student from Shanmugha Arts, Science, Technology and Research Academy, Tamil Nadu he decided to start his own venture in 2010 to provide intelligent customer engagement software for businesses of all sizes. The company now has an estimated market value of USD 3.5 billion and is headquartered in California, United States.
Murugavel Janakirman: The founder of India’s first matrimonial website - Bharatmatrimony, Murugavel Janakirman is a computer science graduate from the University of Madras (and not IIT, again!). Started in 1997, Bharatmatrimony now has more than 5 million active members along with over 135 company-owned retail outlets.

The untapped potential!

The depth of talent in India is increasing exponentially and is ushering from not-so-obvious colleges. One can notice a sublime revolution in the quality of talent that's coming from non-metro city colleges. Tech productivity is an unreported story in India. This is extraordinary and mind-blowing, paving the way for India to be a talent factory for the rest of the world.

Because of the booming talent, the job industry has become really competitive and challenging. Recently, the ex-CEO of Flipkart stated that he follows an 80:20 ratio in terms of hiring, where eighty percent is the young, raw talent and twenty percent is the talent from the financial services industry. Start-ups like BharatPe are also offering interesting incentives to attract tech people, like BMW bikes, Apple iPads, and other kits. However such offers are affecting other companies to hire good IT engineers.

Also read: Know how the Indian IT talents are getting expensive for MNCs

A few days ago, Deepak Abbot – an industry veteran and founder of India Gold – started a debate on LinkedIn about salary structure and remuneration packages for IT engineers, highlighting how the high salaries and benefits offered by some companies are making it difficult for other companies to retain their existing employees.

IT hiring is getting expensive - D2C