From what placement records everyone has seen, IIT Mandi has been showcasing a very decent placement record. There are a number of companies that visit the institute every year at the permanent campus and the numbers have been improving every year. As for the year 2019-20, there was a 50% increase in the average salary offered to students from IIT Mandi. Here are some more statistics:
The companies that offer PPOs are also quite well-founded. In my opinion, there is no dearth of opportunities at IIT Mandi. The placement record is very decent.