How are the placements at the Goa Institute of Management? What are the companies that recruit from the GIM?

One of my friends recently completed his PGDM from the Goa Institute of Management and told me that the placement Statistics of the institute are very misleading. GIM claims that big companies like Big FM, Grand Thornton, RB, and Zee Media visited the campus for placements but in reality, they never visited the campus. Many students were forced to opt out of placements so that they can show a 100% placement percentage in their placement reports. Moreover, you will have to pay so many fines that all your savings will dry up.

Earlier GIM was indeed a promising Institute but recently is on the verge of deterioration owing to the irresponsibility of the administration.