Which Baby IIMs Have Audited Placement Reports? (5 of 7, with UDINs and Numbers)

Five baby IIMs — Amritsar, Bodhgaya, Kashipur, Ranchi, Udaipur — now publish independently audited placement reports. Auditor names, UDINs, IPRS 2.2 compliance, and the numbers below the headline.

Most baby IIM aspirants ask the same question after the first round of comparing options: which placement numbers can I actually trust? The answer in mid-2026 is more specific than it used to be. Five of the seven post-2014 baby IIMs now publish placement reports that have been independently audited by a Chartered Accountant firm, with UDIN trails you can verify on the ICAI portal. Two do not.

This matters because the gap between a "self-reported placement summary" and "audited by V.V. Bhalla & Co. with UDIN 25534281BMITDH7340" is real. The audited report tells you not just the headline number, but how many of the 258 students had signed offer letters vs. job descriptions vs. Institute undertakings. The self-reported one tells you what the placement office wants you to think.

The five baby IIMs with audited placement reports

IIM Amritsar (Class 2023-25) was audited by V.V. Bhalla & Co., Chartered Accountants (Ferozepur, Punjab) — Firm Regn. 002928N, UDIN 25534281BMITDH7340, certificate dated 17 November 2025. The audited numbers: batch size 318, interested in placements 267, placed 258, placement rate 96.63 percent. Average top 20 percent CTC ₹19.11 LPA, median top 20 percent ₹18.00 LPA, highest CTC ₹25.86 LPA (includes two international offers). The auditor's specific caveat: 79 of 258 placements were assessed via job descriptions or unsigned offer letters or Institute undertaking, not signed offer letters. That is a real disclosure you would never get from a brochure. See the full breakdown at the Amritsar college page.

IIM Ranchi (Class 2024-26) was audited by M/S B.C. Dutta & Co. Chartered Accountants (Firm Regn 004589C), with partner CA Vikash Kumar Poddar (Membership 409375). UDIN 26409375XCPHNB8035, dated 03 June 2026 at Ranchi. The auditor specifically conducted on-site verification with zero external data storage — a higher-standard audit method than most. Average CTC ₹19.26 LPA, median ₹18.00 LPA, top 25 percent average ₹24.90 LPA, highest CTC ₹52.50 LPA. This is the strongest audited placement among the baby IIM cohort. See IIM Ranchi for the full data.

IIM Udaipur (Class 2023-25) was audited by Sorab S. Engineer & Co. (Firm Regn. 110417W), explicitly compliant with the Indian Placement Reporting Standards Revision 2.2, signed 31 October 2025. The audited numbers: 302 students placed of which 300 placed in India, mean total guaranteed cash ₹15.20 LPA, median ₹14.60 LPA, maximum ₹38.18 LPA. IIM Udaipur is one of the very few baby IIMs that publishes two distinct CTC metrics — total guaranteed cash and maximum earning potential — and audits both. Details at IIM Udaipur.

IIM Bodhgaya (MBA Batch 2023-25) was audited by B2K Analytics Pvt Ltd (formerly Brickworks Analytics), reference B2K/IIMBG/MUM/RB/0001/2025-26, dated 20 November 2025, signed by Ritaban Basu (CEO). The report is IPRS Revision 2.2 compliant. Average ₹13.10 LPA, median ₹12.12 LPA, highest ₹22.00 LPA. The B2K caveat sheet for IIM Bodhgaya specifically notes unsigned offer letters and salary breakup undertakings in the dataset — useful nuance for applicants comparing brochure numbers vs. audit reality. See IIM Bodhgaya.

IIM Kashipur (Class 2023-25) was audited by Infomerics Analytics & Research Pvt Ltd, reference IAR/PLA/2025-2026/0014, digitally signed by TG Uday Kumar (Director-Ratings), dated 16 December 2025. Average ₹14.95 LPA, median ₹14.46 LPA, top 25 percent average ₹20.92 LPA, highest ₹33.12 LPA. Infomerics is also a SEBI-registered credit rating agency, which is unusual for a placement audit — they bring credit-analyst-level rigor to the verification. See IIM Kashipur.

The two baby IIMs without independent audit

IIM Rohtak (PGP Class 2024-26) publishes a polished placement report with average CTC ₹20.03 LPA, median ₹18.00 LPA, top 10 percent average ₹33.01 LPA, highest CTC ₹37.10 LPA, and claims 100 percent placement. The numbers are competitive on paper. But there is no third-party auditor named on the report, no UDIN, no IPRS reference. The Director-signed report is the only verification trail. That does not mean the numbers are wrong — it means there is no independent check.

IIM Raipur (Class 2023-25) publishes brochure-only placement statistics: average ₹18.83 LPA, median ₹18.40 LPA, highest ₹33.12 LPA (E-Commerce sector). The brochure does not state batch size or placement rate, and there is no auditor certificate in any document we have seen. The numbers are likely directionally accurate but cannot be triangulated against an external auditor.

Why this is one of the few useful signals in baby IIM admissions

The most-asked question on PaGaLGuY for the baby IIMs is "are the placements as good as people say?" The honest answer is that for the five audited schools you can verify the answer down to the firm registration number, and for the two unaudited schools you have to take the placement office at its word. That is a real difference when you are deciding where to spend ₹20 to ₹22 lakh and two years of opportunity cost.

A useful test for any baby IIM that does not publish an audited report: ask the admissions office in writing whether the report is independently audited and if so by whom. The five schools listed above will give you a specific answer. The two that do not audit will likely deflect with placement summary tables. That deflection itself is data.

The IPRS standard matters too. IPRS Revision 2.2 is the closest thing Indian B-schools have to GAAP for placement reporting — it mandates specific categories (total guaranteed cash vs. maximum earning potential), specific batch denominators (interested in placements vs. opted out), and specific disclosures (international offers, deferred offers, PPOs). Three of the five audited baby IIMs — Bodhgaya, Udaipur, and historically Amritsar — call out IPRS compliance explicitly. Ranchi and Kashipur audits do not reference IPRS but follow similar denominator conventions.

The headline takeaway for an applicant comparing offers: do not just compare ₹19.26 LPA at Ranchi to ₹20.03 LPA at Rohtak and conclude Rohtak is better. Compare the V.V. Bhalla audit at Amritsar to the absence of any audit at Rohtak. The first number is what 258 actual offers averaged out to with auditor caveats disclosed. The second is what the Director chose to report.

Pro Tip: When you write your IIM application essays, citing the audited placement specifics signals you have done real homework — "the V.V. Bhalla & Co. audit verified 96.63 percent placement for IIM Amritsar Class 2023-25" lands harder in an interview than "IIM Amritsar has good placements". Use the specifics; do not regurgitate the brochure.

If you are deciding between baby IIMs for the 2026 cycle, the five audited schools should rank higher on placement credibility regardless of which has the higher headline number. The audit transparency is its own quality signal that compounds over the next 5-10 years as the school matures. The unaudited schools may still be good — but the burden of proof sits with them, not with you.

Next steps if you are applying

If your CAT score puts baby IIMs in your realistic admit range, start by checking eligibility for all 7 baby IIMs in one form — it returns your fit across all of them, ranked. From there, drill into the audit-certified schools first since you can verify their claims independently. The two unaudited schools should be on the list but with a discount applied to the placement narrative until they publish an audited report.

Compare baby IIM placements side by side using the audit-verified numbers for the five schools that have them, and the brochure-reported numbers for the two that do not. Make the audit gap visible in your decision matrix — it is one of the few signals that genuinely separates these otherwise similar schools.

Take free AI-based CAT mocks calibrated to the 88-95 percentile band where baby IIM cut-offs typically sit, and use those scores plus the audit-verified placement data to decide between the seven schools, ISB YLP-equivalent options, and the IIM Indore/Kozhikode tier above. The data is now public enough to make that decision rigorously rather than on brand instinct alone.

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