Well, frankly speaking, it's not. They will give you a Diploma certificate that is not validated out of India although they are from a recognized platform.
I will suggest that rethink your decision of opting for a distance MBA. NMIMS is undoubtedly is a great management institute but distance management courses are not well perceived in India itself. There are valid reasons behind this. Management education has little to do with theory, it needs a lot of skill-building, mentorship, grooming, which is not possible in distance education. Also, for most of these courses, many colleges do not offer placement offers. Even if they do you will get a lower salary than a regular MBA graduate.
Even in the current Covid-19 pandemic, although most reputed colleges started their classes online, they will go for regular classes with all precaution, once the situation stabilizes. So, choosing a regular MBA will be better.
But if you are determined to do a distance MBA, you may go ahead with ICFAI. ICFAI was built as a not-for-profit society with the broad objective of empowering citizens through world-class quality education. ICFAI has established 11 Universities all across India. ICFAI is even recognized by UGC (United Grants Commission) and DEB (Distance Education Board)
Course Objective:
Two-year Program charges around Rs 65000. For any further queries, you can visit the official site of ICFAI.