Dear Venky,
If you have good experience, why don't you try Executive MBA.
I am an MBA graduate. I completed my MBA from SCMS-COCHIN. This is a full-time programme. They groomed us like anything. The communication and inter-personal skills has really improved. They gave us utmost care in developing our skills and providing excellent training in Management subjects. After 2 years of study, you will surely feel a drastic change in you.
I was a visiting faculty for ICFAI distance education. What I understood from there is that, for the sake of taking a degree, distance education helps. But I am sure that you won't get the essence of MBA.
What I experienced from my students are, they never come to class, do not attend class tests. Some people fail exams whereas some luckily clears it.
If you search the job opportunities, many good companies, who are looking for an MBA holder clearly specifies FULL TIME.
Final discretion is yours.
Anna University Syllabus is very good. Please confirm whether they have distance programme. Another option for you is that, before you take up any course please go through the Syllabus and take the latest syllabus. This will surely help you in sink with the latest trends in Management.
All the best for your higher studies.
Thank You.
Regards,
Haritha