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Hi Santosh, you can definitely go for MBA abroad with a DL UG course. All you need is at least 60^ to get into some good Universities. But Nz is not an option for freshers. The Universities in NZ require at least 3 yrs managerial or supervisory experience. For freshers UK and Australia are good options. You can consider the following Universities UK : Cardiff, Aberdeen, Coventry. Australia : La Trobe, Deakin, Griffith.
But UK is full of MBA graduates so unless you work really hard it will be difficult to find a job. Let me know in what subject you have done your Bachelors so that I can recommend ocurses accordingly in case you are not happy with MBA.
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The IT industry is the most flourishing industry today. The finest jobs are still captured by the engineers. Another fruitful career option apart from the engineering and the Information Technology is the MCA or the Master of Computer Applications. This course done along with the engineering studies will definitely be an added advantage in regards with the job prospect. Non-engineering people can also pursue the MCA course after completing the graduation level.,The course includes 26 instructional courses and 14 practicals for 5 semesters and project work and seminars in the 5th and the last semester of the year. Industrial visits constitute the main portion of the last i.e. the 6th semester.
The degree of MCA offers good career opportunities. Part time courses are also available in most of the private MCA colleges and computer institutes.

Hi Amar,
As Shiksha is an education portal which believes in giving unbiased guidance it would be unfair on my part to give my personal opinion or judgment about any particular Institute. However, IABM is an autonomous institute located in Pune which gives MBA through UGC recognized University i.e. SMU & Bharathiar University which are outside Pune. Technically speaking IABM MBA is a regular distance learning programme so, whichever programme you may choose it will hold the value of Distance programme
I would say if you cannot go for a full time program go for correspondence programme from a University like IGNOU which is not only UGC, AICTE & DEC approved but also its degree is well received in job market.
Hope this resolve your query. Feel free to put up more queries In case your query is resolved please close this question by choosing it as a best answer or pressing the thumbs up icon.
Thanks,
Pooja