There is a Quality Engineering Design and Manufacturing or QEDM program offered at IIT Kharagpur. Some highlights of the course are 

• This program is a 5-year dual degree course
• It is flexible and offers a plethora of choices to choose from 
• Based on your CGPA, you are allotted a vertical at the end of the first year. This can be either Mechanical Engineering or Industrial Electronics.
• The batch strength is very low in comparison to other core branches
• This course gives you the opportunity to choose a branch of your choice which is hardly possible after clearing JEE.

If you are concerned about placements, let me tell you that placements depend more on the student's performance than the particular branch. One of my friends told me that the entire batch got placed on the first day itself with many bagging core packages.