IIIT Bangalore is a public-private co-owned college. It is supported by big corporations like Infosys on one hand, and the Karnataka Government on the other.
It is analogous to IIIT Hyderabad but less recognized in comparison. It has an exceptionally good coding culture and top-class faculty for both CSE and ECE courses.
Placement-wise, only the top 5 NITs are actually performing impressively. IIIT Bangalore M.Tech graduates are placed with good packages in top brands. iM.Techs of IIIT Bangalore secure good internships in top brands like OLA, HCL, Infosys, etc. Several of them are selected for GSoC.
IIIT Bangalore is far ahead of most NITs, except the top 3-4 of them. If you are interested in CSE/ ECE branches, this is the place for you.