Top 10 Business Schools in India We have majorly two types of management programs in India, 1st is PGDM and 2nd MBA. PGDM is controlled by AICTE (All India council of Technical Education) and MBA is by UGC (University Grant Commission). Due to the stringent rules and regulations of AICTE very few colleges are approved to offer PGDM. UGC being liberal approximately 5500 colleges are offering MBA program while only 500 offer PGDM.