In TANCET MBA my normalised score 53.5. And I am belong to MBC category. Whether I get PSG college?

If this is your normalized score in TANCET MBA, then it is difficult to get into PSG college of Technology, Coimbatore. Because the cutoff is high for OC , BC, BCM candidates. If you belong to any other categories such as MBC, SC, ST or SCA then you can expect PSG. Otherwise, you can get a seat in Thiagarajar School of Management(Co-Ed), Madurai, Kumaraguru College of Technology, Chinnavedampatti Post, Coimbatore, Easwari engineering College etc.