Hello Pradesh,

Yes, off course you can do your MBA from a good college even if you are having less than 50 percentage in graduation.

Although you are not eligible for CAT, you can still give some competitive exams like MAT and XAT.

In these exams, almost 50 % weight age will go to the entrance exam scores and they decide whether u get a call from a B school or not.

You can check your eligibility for different BSchools using given link - 

https://bschool.careers360.com/pathfinder/

Best of luck.