According to NIRF Management Ranking 2021, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIM Delhi are the top 5 MBA colleges in India. In India, there are over 5000 MBA colleges. MBA can be pursued in three modes which are Regular, Online, and Distance mode. ... Some popular B-Schools other than IIMs are XLRI Jamshedpur, IIT Kharagpur, IIT Bombay, MDI Gurgaon, etc.