Panjab university is a good college for MBA course. You can get a good placement with an average package of approx 7-8 lakhs per year. Some of the companies which come for recruitment are:

HCL

IFB

Accenture

Abbott

Cipla

Fortis and you can check the complete placement report here

There are mass hiring and multiple companies,big/small come for hiring.

You can definitely expecta  good package if you have thae required experience and calibre.

Good Luck!!