In the technical field, cheating or faking it can only take you so far. Comparison should not really be with companies like TCS, Infosys, but with good companies who hire real talent and pay for that talent.
This, as far as I know is a direct result of proliferation of the number of engineering colleges in India. A good warning for companies to start recruiting only from top engineering colleges.
I was forever interested in what I was doing. Be it studying biology in class 12 (Yes, I had PCMB) or studying the subjects in my engineering class. I initially took admission to Computer science but soon realized my affinity to electronics. I took a branch shift. I never copied any lab experiment or any project, minor or major. Being the only girl who wanted to make her own projects, I was left alone, yet I struggled and learnt enough to be picked now by the largest open source hardware company.
But when I was completing graduation, no company would come to take students from my college. Yes, not even Infosys or TCS. Also I would have been more or less rejected even if those companies came as my area of studies and expertise is very specific and narrowed down. What deters core companies to pick students from small colleges? I strongly believe that I would have got a better career beginning if only core companies came for interview. My currently employers did not care for my degree or the 'percentage' I scored. It was simply my contribution to the open source community that got me where I am today.
TL;dr : I strongly vote out against companies discriminating against 'small' and 'big' named colleges. Least there is another interested hard working mostly self-taught engineer as me in any of them.
Most Master's degree holders from other Indian universities cannot even solve FizzBuzz in a language of their choice. http://www.codinghorror.com/blog/2007/02/why-cant-programmer...
Maybe they can't go to each and every college in the country? Or maybe it's just inertia on their part.