See doing MBA for sake of getting a degree then you can opt for any MBA inst. which will have almost equal wtg. but to do some real value add you may opt for MDI - Gurgaon -
www.mdi.ac.in they have part time MBA course for 3 yrs.
In case you are not in NCR then go for HNGE - HughesNet Global Education
Selection process & and faculty is from IIM's / XLRI or any top brand. This model of distance learning is said to be future of learning.
For more details you can visit
www.hughes.in /
www.hughesindia.com /
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Best of luck.
NS