Karunya has a decent placement record. Most companies that visit Karunya are service-based like TCS, Tech Mahindra, Accenture, etc. They conduct mass recruiters and outsource the students for various projects. Hardly 10% of product-based companies come to Karunya. Recruiters consider Karunya students best for BPO-related jobs rather than development-related jobs. Hardly any students qualify for the technical test conducted by ELGI India.
Ultimately the service-based companies don't add any credibility to the placements. Although all students or the majority of the students get placed, it lacks offers from Product-based companies. So it serves quality over quantity.