online MBA

Hi Naveen,
If you have time, online MBA would be a great idea and if you have a paucity of it, then go for distance/correspondence. Some of the popular university offering distance MBA are:
Narsee Monjee Institute of Management Studies (NMIMS), Global Access School for Continuing Education (NGA-SCE)
Institute of Management Technology, Centre for Distance Learning
IGNOU
Sikkim Manipal University Directorate of Distance Education
Online MBA Colleges:
EINS Education, Welingkar Institute of Management, Mumbai
Amity Directorate of Distance and Online Education, Amity University, Ranchi
MICA Online Programs Talentedge, Bokaro Steel City
For more information on this, please follow the link:
https://www.shiksha.com/mba/colleges/online-mba-colleges-india?uaf[]=location&ts=12271018&rf=filters&ed[]=et_21::dm_39

Yes, do it from the best Institution. It will help you to gain good MBA degree.
There are tons of universities in India that are offering distance learning MBAs.
I am assuming that you already have a job.
So, finally it boils down to what are your expectations from the MBA you get.
Increase the brand equity of your CV, and you will manage career progress yourself. Then you can try pursuing the Distance MBA course from any B-school in your state. A few of them, I have listed below:
IMT Ghaziabad -1 Year MBA & PGDM Distance Learning program- IMT Ghaziabad
Symbiosis -Symbiosis Centre For Distance Learning, Distance Education, India-
Sikkim Manipal University -http://smude.edu.in/smude/lp/lp-.
However, if you are looking forward to increase the brand equity of your CV as well as get assistance with placement. I wish to recommend you the following programs that are a little more engaging
IIM Kozhikode EPGDM - 2 year program for working professional (you can continue doing your job)

The distance online MBA is a part-time MBA format, and one that is largely undertaken by students who wish to remain in their current role while they study. Employer-funded candidates will make up a certain proportion of each class. However, the majority of students will be self-funded candidates who have taken the initiative to pursue an MBA, but who cannot afford to forego their salary or to relocate or simply do not wish to.
Yet, this is where the real appeal of an MBA online becomes apparent. While traditionally, a part-time MBA candidate would be limited to schools in their local area, they can now choose to study at any one of a solid selection of highly-respected international business schools, enjoying the benefits of the schools network, access to world-class faculty and of course the ability to put a prestigious, globally-recognized school on their rsum.
Technological advances have, of course, allowed for great progress and innovation in delivery. As recently as 15 years ago, schools would still have had to largely send out physical copies of textbooks and contact would have been relatively slow paced. Today, the paradigm is very different. Video content, podcasts, e-books, instantaneous 24 hour contact, social media and apps all second nature to the digital native mean that the experience today is a very different proposition, with a combination of freely available and bespoke platforms utilized. Indeed, much of the technology that once would have been associated solely with online provision is now also used in full-time MBA provision.
Partially as a consequence of the huge leaps made in provision (other factors are also at play see career benefits), the distance online MBA has grown hugely in popularity. QS applicant research shows that as many as 18.3% of applicants consider online MBA study, and 8.7% distance learning (respondents are, however, not limited to choosing just one format, so there is overlap here). This represents a huge increase on the 4.4% who were open to studying by distance in 2008.
The distance online MBA, it seems, is due to play a key role in the future of both the full-time and the part-time MBA, as a more and more diverse applicant pool seeks high-quality MBA provision.