Why is IIIT Bangalore underrated?

The main reason that IIIT Bangalore is underrated is because it did not commence with the B.Tech. program, the most coveted engineering program. Rather, it offered an integrated BTech+MTech program. For Indians generally, the definition of success is a BTech program followed by good packages. They don’t give much importance to PG education. IIIT Bangalore tried to break this stereotype by offering only PG and Integrated courses and failed miserably. 

IIIT Bangalore was established as a research-protected institute but the bitter reality is that making an impact in research takes a lot of time, even years. So, it failed to offer the most basic education and is not valued among engineering aspirants in India.