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Hi Lakshmi,
Although, there are several Institutes providing MBA program through Distance learning but as you have a good amount of work experience I would suggest you to go for an EMBA program through top rung Institutes. You can also look at the Satellite Programs conducted by institutes like XLRI & IIM Calcutta. Few of the Institutes providing EMBA are:
IIMs
XLRI Jamshedpur
Aegis School of Business
Globsyn Business School Kolkata
Great Lakes Institute of Management
ICFAI Business School (IBS)
Symbiosis Institute of Management
ISB
For Correspondence you can look at following Institutes:
IGNOU,
Annamalai,
IMT,
Alagappa University,
University of Madras,
Bangalore University,
For more information check the links below:
http://tinyurl.com/yhl3azo
http://tinyurl.com/2vzafnd
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

Hi Ajay, SIT is a private college. living cost in the whole of Nz comes to 3.5 lakhs per annum. Invercargill is located in the South Island of Nz, and is away from the commercial cities so there may not be many part time job opportunities. Being away from the city has its own advantages, that you will live in a peaceful area so will be easy to concentrate in your studies and the living cost will be lower. Disadvantages being part time jobs will be lesser and the wages would be lesser as well. For a better exposure I would like to suggest you to apply to some govt college in the North Island, if you can find your course suiting your requirements.