Hey Sourav,

Yes PhD after MBA can be pursued.PhD can be considered as the end making you taste the success of commerce of all the years you have studied.Dealing with research in the field of specialization can be the best thing ever.After Phd the graduates have a lot of information and knowledge,practically more than the MBA gradudates.The pay packages are high.There are many areas of specialization for PhD which include entrepreneurship,economics,accounting and finance,marketing management,health care and management,statistics,starategy,ehics and legal studies,etc.The best option after completing PhD is the prost of a professor of a reputed college or any university with a high paypacakge.While many gradudates are recruited by companies like JP Morgan,Morgan Stanley,Mckinsey.However one needs to qualify the criteria of minimum 55% to pursue PhD post MBA.

The top institutes for PhD in India are as follows:

1)Delhi University

2)Jamia Milia Islamia University

3)Amity University

4)Lovely Professional University

5)Maharshi Dayanand University

6)Calicut University 

7)ICFAI University

8)Calcutta University

9)Banaras Hindu University 

10)University of Lucknow

11)Panjab University

12)Annamalal University

Hope this helps!

Thank You.