I have a friend who recently graduated with M.Tech in VLSI Design from NIT Calicut. According to him, the placements are great. According to recent placement highlights, the average CTC offered at the institute is 11 LPA.

In order to secure decent placements, all you need is the following. 

• Knowledge of EDA tools of Mentor or Cadence or Synopsys.
• Be skilled in RTL, Verilog coding.
• Know basics of verification and design parameters for speed vs power vs area.

You also should have sound knowledge of Place and Route; extract parameters to compare or adjust design parameters with layout changes. The demand in this field is high. Work hard and you will succeed.