Hi

A few top universities offering a distance MBA:

•    Institute of Management Studies (IMT) Ghaziabad
•    Symbiosis Centre for Distance Learning (SCDL)
•    Indira Gandhi National Open University (IGNOU)
•    ICFAI University
•    Sikkim Manipal University

A few more are listed on the site- https://distanceeducation360.com/

Many individuals also choose to go for distance MBA to gain promotions at work front. For getting promoted to managerial positions, the requirement of an MBA degree is a prerequisite. In such cases, individuals choose a distance MBA over regular MBA to save time as well as money.  

Same goes for Mcom as well. 

Mumbai university also allows for a distance MCom.

Regards.

Hello Sanchit , There are few Institutions which are highly recommended for Distance Program in MBA . Such as 

Sikkim Manipal University , Indira Gandhi National Open University , Amity University , ICFAI university and few others . All these Universities  have been highly rated .