Top 3 MBA/PGDM Colleges in Indore, Ranked on Official Data
Reviewed monthly · last reviewed 1 Oct 2026 · list last changed 19 Oct 2026
| # | College | Think Grads Rating | NAAC grade (CGPA) | Location |
|---|---|---|---|---|
| 1 | Indian Institute of Management Indore | 4.5/5 based on 3 of 6 factors | — | Indore, Madhya Pradesh |
| 2 | Chameli Devi Group Of Institutions | 3.9/5 based on 3 of 6 factors | A+ (3.39) | Indore, Madhya Pradesh |
| 3 | St. Paul Institute Of Professional Studies | 2.6/5 based on 3 of 6 factors | A (3.12) | Indore, Madhya Pradesh |
How we ranked these colleges
Colleges in NIRF's national top 100 for this course's category are listed first, in NIRF order, and the rest follow by the Think Grads Rating. The rating uses official data only, covering academic standing, student demand, approvals and standing, outcomes and value, and transparency. Each college is compared with every college in India that offers the same course. Indore has 5 rated MBA/PGDM colleges. Colleges cannot pay to be listed or to change their position.
1. Indian Institute of Management Indore
Indian Institute of Management Indore, in Indore, Madhya Pradesh, is at position 1 with a Think Grads Rating of 4.5. It was ranked 8 in NIRF 2025 in the management category, which places it in the national top 100 and so first on this list. On academic standing it scores higher than 99% of the colleges it was compared with. On official disclosures it scores higher than 93% of them.
Good fit if you want a college with a NIRF management rank of 8 and a strong record of official disclosures.
Cutoffs · Fees · Is it genuine?
2. Chameli Devi Group Of Institutions
Chameli Devi Group Of Institutions, a private college in Indore, Madhya Pradesh, is at position 2 with a Think Grads Rating of 3.9. NAAC graded it A+ with a CGPA of 3.39, valid until 19 Feb 2028. On academic standing it scores higher than 79% of the colleges it was compared with. On official disclosures it scores higher than 82% of them.
Good fit if you want a private college with a NAAC A+ grade and a CGPA of 3.39.
Cutoffs · Fees · Is it genuine? · Compare with St. Paul Institute Of Professional Studies
3. St. Paul Institute Of Professional Studies
St. Paul Institute Of Professional Studies, a private college in Indore, Madhya Pradesh, is at position 3 with a Think Grads Rating of 2.6. NAAC graded it A with a CGPA of 3.12, valid until 10 Oct 2027. On academic standing it scores higher than 38% of the colleges it was compared with. On official disclosures it scores higher than 32% of them.
Good fit if you want a private college in Indore with a NAAC A grade and a CGPA of 3.12.
Cutoffs · Fees · Is it genuine? · Compare with Chameli Devi Group Of Institutions
How the top three compare
The top three differ most on ratings and academic standing. Their Think Grads Ratings are 4.5, 3.9 and 2.6 respectively. On academic standing they score higher than 99%, 79% and 38% of compared colleges. On official disclosures the figures are 93%, 82% and 32%. On approvals and standing, all three score higher than 54% of compared colleges. NAAC CGPAs are 3.39 for Chameli Devi Group Of Institutions and 3.12 for St. Paul Institute Of Professional Studies.
How to choose, and your chances
Use this list as a starting point, then match it with your own rank, category and budget. Before applying, check each college's official closing ranks and approvals, since ratings summarise official data and do not replace those checks. Each college on Think Grads has its own cutoff, fees and "is it genuine?" pages. The Think Grads college finder and compare tool can help you build and compare a shortlist. The list is reviewed every month, so recheck it when applying.
What changed this month
- No changes this month: the latest official data did not change the order.
Frequently asked questions
Which is the top MBA/PGDM college in Indore?
Indian Institute of Management Indore is ranked #1 on this list with a Think Grads Rating of 4.5. It was also ranked 8 in NIRF 2025 in the management category, which places it first by the list's ordering rule.
How many MBA/PGDM colleges are rated in Indore?
This list covers 5 rated MBA/PGDM colleges in Indore, and the top 3 are shown here. Each is rated on a scale of 1.0 to 5.0 using official data only, compared with colleges across India offering the same course.
What is the Think Grads Rating?
The Think Grads Rating is a score from 1.0 to 5.0 built from official data only. It covers academic standing, student demand, approvals and standing, outcomes and value, and transparency, with each college compared against every college in India offering the course.
Which is the second-ranked MBA/PGDM college in Indore?
Chameli Devi Group Of Institutions is at position 2 with a Think Grads Rating of 3.9. NAAC graded it A+ with a CGPA of 3.39, valid until 19 Feb 2028.
What is St. Paul Institute Of Professional Studies' NAAC grade?
NAAC graded St. Paul Institute Of Professional Studies A with a CGPA of 3.12, valid until 10 Oct 2027. It is at position 3 on this list with a Think Grads Rating of 2.6.
Can colleges pay to improve their position?
No. Colleges cannot pay to be listed or to change their position. The order is set by code from official data, with NIRF top 100 colleges first and the rest by the Think Grads Rating.
How often is this list updated?
The list is reviewed every month when new official data arrives. This edition was reviewed in October 2026, so students should check for the latest version before shortlisting colleges.
How are the colleges ordered on this list?
Colleges in NIRF's national top 100 for the course's category come first, in NIRF order. The rest follow by the Think Grads Rating, which is why Indian Institute of Management Indore, with NIRF rank 8, is first.