ICFAI Distance / corresondence MBA is good.Its course content is good, its same as other ICFAI courses. But ICFAI change the Fee and course structure again and again so its good if U Know the current structure.Check its website. ICFAI is for distance education. But Job after these MBA is tough, U wont get 100% gain out of it.IT costs you lot to do MBA. You can always have a option like symbiosis,SKU etc.
I feel campus placements is very important, i dont think ICFAI gives it through distance education !!But if you are already working person then it mba from icfai is benefical to you.
World doesn't need successful MBAs but it needs successful Managers !!!