IIMs are the best institutes in India to study MBA however they're not the only ones. With high cutoffs, limited seats and high fee it is not possible for most of the students to get into them. There are many other private institutes that can prove to be worthy of your time and money. They may not give you the package like ones offered in IIMs but they offered pretty decent packages. Some of them are,

• Xavier Labour Research Institute, Jamshedpur 
• Indian Institute of Foreign Trade (IIFT), New Delhi
• Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
• Management Development Institute, Gurgaon