I cant replicate it. The other places I would check, besides your profile:
In Admin Panel, Settings, Default TimeZone. This should be Asia/Kolkata
The server time config. On Ubuntu, execute "date" and make sure the server shows the correct time zone, +5:30.
On my system, php.ini timezone isn't set, which is the default. osTicket Information shows UTC.
In MySQL, SELECT @@global.time_zone returns 'SYSTEM'