Is it possible to get admission in an MBA college with less than 49% marks in graduation? Which are the good colleges if it's possible?

You have minimum possibility to get admission on the basis of graduation percentage but it depends on your entrance exam score to get admission in an MBA college.

Your admission in any of MBA institutes is not based on your graduation percentage but on the written test conducted by the institute you apply for. Generally, each and every institute conduct their separate entrance tests. All the best.