While thousands of aspirants prepare for the upcoming MBA admissions 2027, several B-schools are quietly disappearing from India's management education landscape. As per the AICTE data in the last three years 43 MBA Colleges which had AICTE approval have stopped their MBA Admission. AICTE approval data reveals that 22 AICTE-approved MBA colleges have been shut down in 2025-26 season while 15 MBA colleges were closed in 2024-2025 and 6 in the preceding year that means in 2023-2024. Among the states where the most number of AICTE approved colleges were closed, Madhya Pradesh topped the list with 12 colleges being shut down. MP was followed by Uttar Pradesh (8) and Maharashtra (8). From general MBA programmes to specialised courses such as Business Analytics, Innovation & Entrepreneurship, Financial Management, Marketing Management and Family Business, dozens of management programmes will no longer admit students.
The AICTE approval data for the 2025-26 academic session shows that 43 MBA colleges have completely discontinued their management programmes and will no longer offer admissions. All of these institutes are private self-financing colleges, with Madhya Pradesh recording the highest number of closures (12 colleges).
The number of the AICTE approved MBA Colleges which have stopped MBA admission over the last years has risen from 6 in 2023-24 to 22 in 2025-26.
The table below provides the complete list of AICTE-approved MBA colleges closed in the last three years along with their institute type and state.
AICTE MBA Colleges Closed In 2025-26 | ||
AICTE MBA Colleges Closed | Type | State |
Private-Self Financing | Andhra Pradesh | |
Private-Self Financing | Gujarat | |
GIDC Rajju Shroff Rofel Institute Of Management Studies | Private-Self Financing | Gujarat |
Astral Institute Of Business Management | Private-Self Financing | Madhya Pradesh |
Sahib Institute Of Management And Research Indore | Private-Self Financing | Madhya Pradesh |
Dr.D.Y.Patil Institute Of Management & Research | Private-Self Financing | Maharashtra |
G H Raisoni College Of Business Management, | Private-Self Financing | Maharashtra |
Indira Institute Of Management | Private-Self Financing | Maharashtra |
Indira School Of Business Studies | Private-Self Financing | Maharashtra |
Indira School Of Business Studies Pgdm | Private-Self Financing | Maharashtra |
Barabati Institute Of Management Studies | Private-Self Financing | Odisha |
Private-Self Financing | Punjab | |
Cordia Institute Of Business Management | Private-Self Financing | Punjab |
Avanthi's School Of Business Management | Private-Self Financing | Telangana |
Private-Self Financing | Telengana | |
Future Institute Of Management Studies | Private-Self Financing | Uttar Pradesh |
Indus Institute Of Technology & Management | Private-Self Financing | Uttar Pradesh |
Kashi Institute Of Management And Science | Private-Self Financing | Uttar Pradesh |
Private-Self Financing | Uttar Pradesh | |
Nss College Of Management | Private-Self Financing | Uttar Pradesh |
Lal Bahadur Shastri Institute Of Management And Technology Bareilly | Private-Self Financing | Uttar Pradesh |
Private-Self Financing | Uttar Pradesh | |
Read More: MBA Without Entrance Exam in Maharashtra 2026
Out of the 15 MBA Colleges which stopped MBA Admission in 2024-25 batch, almost half of the colleges were from Madhya Pradesh (7).
AICTE MBA Colleges Closed In 2024-25 | ||
AICTE MBA Colleges Closed | Type | State |
Private-Self Financing | Andhra Pradesh | |
Khyati Institute Of Management | Private-Self Financing | Gujarat |
Aget Business School | Private-Self Financing | Haryana |
Private-Self Financing | Haryana | |
Lakshay College Of Hotel Management | Private-Self Financing | Haryana |
Devkinandan College Of Management | Private-Self Financing | Madhya Pradesh |
Grantham College Of Management | Private-Self Financing | Madhya Pradesh |
My Institute Of Management | Private-Self Financing | Madhya Pradesh |
Private-Self Financing | Madhya Pradesh | |
Veena Vadini College Of Management | Private-Self Financing | Madhya Pradesh |
Vidya Devi College Of Management | Private-Self Financing | Madhya Pradesh |
Institute For Technology & Management | Private-Self Financing | Maharashtra |
Private-Self Financing | Odisha | |
Sherwood College Of Management | Private-Self Financing | Uttar Pradesh |
St Josephs Pgdm College | Private-Self Financing | Telangana |
AICTE MBA Colleges Closed In 2023-24 | ||
AICTE MBA Colleges Closed | Type | State |
Bharatiya Vidya Bhavan's Usha & Lakshmi Mittal Institute Of Management | Private-Self Financing | Delhi |
Indore Management Institute And Research Centre | Private-Self Financing | Madhya Pradesh |
Vijay Laxmi College Of Management | Private-Self Financing | Madhya Pradesh |
Vikrant Institute Of Business Management | Private-Self Financing | Madhya Pradesh |
Vikrant Institute Of Business Management | Private-Self Financing | Madhya Pradesh |
Unitedworld School Of Business | Private-Self Financing | Gujarat |
Now if we go by the trends of how gradually the number of the AICTE approved MBA colleges closed over three years we will see that the number rose from 6 to 22 in three years. This represents an increase of 267% in just two years.
Year | Number of AICTE Approved Colleges Closed | Most in the State |
2023-2024 | 6 | Madhya Pradesh (4) |
2024-2025 | 15 | Madhya Pradesh (7) |
2025-2026 | 22 | Uttar Pradesh (8) |
Read More: MBA Colleges in Gujarat Offering Direct Admission Without Entrance Exam
The state-wise data reveals that the AICTE college closures are concentrated in a handful of states. Madhya Pradesh alone accounts for nearly 28% of all MBA college closures, with 12 institutes discontinuing admissions over the last three years. Uttar Pradesh and Maharashtra follow with eight closures each, meaning these three states together account for 28 out of the 43 closures which is around 65% of the total number of colleges that got closed.
State | MBA Colleges Closed |
MBA Colleges Closed in Madhya Pradesh | 12 |
MBA Colleges Closed in Uttar Pradesh | 8 |
MBA Colleges Closed in Maharashtra | 8 |
MBA Colleges Closed in Gujarat | 4 |
MBA Colleges Closed in Haryana | 3 |
MBA Colleges Closed in Andhra Pradesh | 2 |
MBA Colleges Closed in Telangana | 2 |
MBA Colleges Closed in Punjab | 2 |
MBA Colleges Closed in Odisha | 2 |
MBA Colleges Closed in Delhi | 1 |
Total | 43 |
Pursuing an MBA continues to remain strong, with entrance examinations such as CAT, XAT, CMAT and state-level MBA entrance tests witnessing participation from lakhs of aspirants every year.
At the same time, the AICTE data suggests that the management education ecosystem is becoming more competitive. While new institutions continue to emerge and established B-schools expand their intake, some colleges have discontinued their MBA programmes due to a variety of institutional and operational reasons. The closures have largely been limited to private self-financing institutes.
On Question asked by student community
Hello, you can check the Karnataka MBA seat matrix for college-wise and category-wise seat details through Karnataka PGCET counselling. You can find the latest Karnataka PGCET MBA seat matrix and counselling details here: https://bschool.careers360.com/articles/karnataka-pgcet-mba-counselling
Hey there,
If your TG/TS ICET rank is 11,156 and you want an MBA college in Hyderabad, you still have several realistic options. Your category matters a lot.
Based on recent cutoff trends:
| College | Recent closing rank/trend | Chance at 11,156 |
|---|---|---|
| AV College of Arts, Science & Commerce | ~11,332 | Borderline–Good |
| Dr. |
Hey there,
If you mean free online MBA-level courses with certificates in India, the best legitimate option is SWAYAM, especially courses offered by IIM Bangalore. SWAYAM courses are free to learn; you generally pay only if you want the proctored certificate.
Hello, here are the top MBA in Fintech institutes in India: https://bschool.careers360.com/colleges/list-of-fintech-colleges-in-india?degree=19&stream=2&branch=
Globally Recognized by AACSB (US) & AMBA (UK) | 18 LPA Avg. CTC for PGPM 2026
75+ years of legacy | #1 Entrance Exam | Score accepted by 250+ BSchools
6-Hour Masterclass to help you score 99+ percentile in CAT 2026
Test centres are available in 70+ cities across India | 75,000+ aspirants apply for the NMAT exam | Accepted by 58+ institutions like NMIMS, KJSIM, ISB, SPJIMR and Great Lakes.
Registration Start: 3 August 2026 | Last Date to Apply: 15 September 2026 (till 5 PM)
AACSB Accredited | 40 LPA-Highest CTC | Scholarships worth 10 CR