According to Zee Business following is ranking list of Business Schools in India:

IIM - Ahmedabad
IIM - Bangalore
IIM - Calcutta
Xavier labor research institute (XLRI),Jamshedpur
IIPM
Faculty of management studies FMS - Delhi
IIM - Indore
IIM - Lucknow
Indian School of business (ISB,) Hyderabad
IIM - Kozhikode
IIM - Shillong
Symbiosis institute of business management (SIBM), Pune
SP Jain institute of management and research(SPJIMR), Mumbai
IIFT - Delhi
Institute of management technology ,(IMT) Ghaziabad
Xavier institute of management (XIM), Bhubaneshwar
Narsee Monjee (NMIMS), Mumbai
Prin. L.N. Welingkar Institute of Management Development & Research, Mumbai
Jamnalal Bajaj institute of management studies, Mumbai (JBIMS)
MDI Gurgaon
Amity Business School - Noida
ICFAI - Hyderabad
KJ Somaiya institute of management studies and research , Mumbai
NL Dalmiya institute of management studies & research, Mumbai
EMPI business school Delhi