Accounting & Commerce

There are many colleges in India offering the course of MFM, you can look for there. I have listed some for you here:
1. Sake College of Management, Kalyan
2. Audyogik Shikshan Mandal's Institute of Management and Computer Studies (IMCOST), Thane
3. Indian Education Society Management College and Research Centre IES MCRC), Bandra (W)
4. Mumbai Educational Trust's Institute of Management Studies (MET Institute of Management), Bandra (W)
5. Vijayam Degree and PG College, Chittoor
6. Sinhgad Institute of Business Management, Mumbai
7. Christ University, Bangalore
8. Anjuman-I-Islams Allana Institute of Management Studies (AIAIMS), Mumbai
These are in no preferential order. There are many more colleges, you can check them out online. Many of them are in Mumbai.

Yes, it's beneficial to do MBA in event management from distance learning. Event management is an industry that is on the move. An exponential growth in events such as talent-hunt competitions, music concerts, fashion shows, academic functions, exhibitions, trade fairs, religious gatherings and the likes have fueled the demand for talented event managing personnel. Graduates may find job posts such as-
Assistant Manager, Safety Manager, Hospitality Executive, Travel Manager, PR Executive, Marketing Manager, Staff Manager, etc. in event management firms. Starting salary is generally around 25-40k rupees per month. Some common job posts and opportunities available are-
Event Coordinator
Celebrity Manager
Logistics Management Expert
Consultant
Creative Director (Events)
Finance Manager
Event Planner
Resource Purchase Manager
Event Manager/Assistant Manager
Brand Management Professional
Marketing Manager
Hospitality Manager
Good luck!