With several students opting out of placement to start their own venture, the institute had declared last year that it would welcome students to sit for placement even a year after they had left the institute, in case their venture failed to take off. The idea was to encourage more students to start off on their own.

Vishal Prabhukhanolkar, Devashish Chakravarty, Vineeta Singh and Bhushan Dabir, who had passed out of the institute last year had opted out of the placement session and instead launched their own venture in the form of a website that would prepare students for the CAT examination. The website, www.ten-a-day.co.in; http://www.ten-a-day.co.in — not only have 23,000 users till date, it has also branched into a comprehensive website offering online preparations for engineering and medical examinations. It has now been formally incorporated into a company named, Quetzal Online, and is preparing to offer more in the coming days.

"We have recently launched another venture called Quetzal Verify Private Limited, which provides background verification services like resume crosscheck, criminal record check, online databank check, and for this venture we need talented people, and who better than the students of our own alma mater?'' asked Vishal.

A week ago, the four were at the Indian Institute of Management, Ahmedabad (IIM-A) to deliver a talk and recruit interested candidates for summer internship that will begin at the institute in a month's time. They had also been to the Indian Institute of Management, Bangalore (IIM-B) for the same purpose.

The website, developed by them while as students at the institute, initially offered free online preparation for MBA aspirants. After they passed out of IIM-A, the website was incorporated in Quetzal Online Company.