Hello Rutuja,

Well with  your MAT Percentile of 86, given below is the list of colleges where you can apply for MBA :

• Jaipuria Institute Of Management, Lucknow
• SIES, Mumbai
• BIMHRD, Pune
• ISB&M, Pune
• Gitam University, Hyderabad
• JIMS, Rohini, New Delhi
• Jaipuria Institute Of Management, Noida
• Jaypee Business School, Noida(Delhi NCR)

Source: http://www.mbauniverse.com/mat/cutoff

I Hope This Helps !! All The Best !!