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Following are different ways to get the MBA in India listed in the preference of  UrPercentile.com.

1) Full Time Residential.

2) Full Time Non-residential.

3) Part Time.

4) Classes conducted through V SAT technology.

5) Correspondence.

Full time residential MBA requires the candidates to stay in the Campus during the course while full time Non-residential programs are the one where you can stay outside the Campus. Full Time residential programs are usually of 2 years but in last few years there are course of 1 year that have come into market. These one year courses require some work experience and usually accept GMAT score.. 

One year MBA
One year residential full time management program is relatively a new concept in India...
  Discussion : Which MBA is better for Working executives?
MBA definitely has an edge and as we have lots of good B Schools providing the same,....
  Part Time MBA
The fundamental objective of acquiring an M.B.A degree for most of us  is to augment our ....
  MBA by Correspondance
I think MBA by correspondence is not as effective as the regular course. In regular course ...

Part time MBA programs have classes typically conducted during the weekend or evenings , but the duration of the course is longer. Part time MBA spreads the cost and study duration  over a few years and thus is suitable for those who are working or running their own business. It is important that the candidates take the course seriously and plan well to successfully get the MBA. Most of the part-time programs require candidates to have some work experience. Some of the IIMs , Several universities like University of Delhi, Madras, Calcutta, Bombay, Gujarat, Osmania and Punjab conduct part-time MBA courses.
Classes conducted through V SAT technology.
In these kind of programs, the students are likely to do undergo a short term intensive class-room learning at the  campus and the rest is conducted via video conferencing through satellite.  Thus students can attend interactive  classes even while they travel by going to the nearest  classroom at a DirecWay centre in that particular city.  Such courses are conducted by  some of the IIMs, XLRI, IIFT Delhi etc.

In Correspondence courses students have to basically  study on  their own and then appear for the exams conducted by their respective university/institute.  IGNOU is the most popular  from where working executives get the MBA by correspondence. Many other universities and institutes also offer MBA by correspondence .  There may be age lower age limit of 25 years and may require some work experience to join MBA by correspondence. We recommend correspondence courses only to those who have a decent job  or are occupied in a business.  In no way a correspondence course is suggested to someone who is not doing anything else.

At the initial stages of the career, most of the companies give preference to those who got MBA from a full time  course. Placement facility is not available for most of the part time and  correspondence courses. Part time/ correspondence MBA may  not be able to help you immediately upon completion of the course but it  will certainly help you at a later stage.  It is certainly better to have a  part time MBA than to have no management degree at all. Talk to your company and see if they can sponsor  your part time MBA.

Each company got its own criteria for selecting employees. There are many companies that prefer full time MBAs.

A Paradise for MBA Aspirants