There is a mixture of both truth and false. Let me clear your doubt here.
What Kiit does with placement is that they offer companies with students . Company hire students as interns then they make you work according to the internship term. Then at the end of the internship they offer you a call letter if and only if you have performed well enough.
Those months during intern Kiit will provide you with stipend. That’s how 100% placement scenario works.
Mostly there are service orientated jobs very few product orientated.
Jobs completely depends how you have built yourself