GATE

Hi,
Ranks keeps on changing every year and differs from one branch to another and one college to another. If you fulfill the eligibility criteria of the specific institute you may complete further admission formalities. For now, I would suggest you to first contact the institute officials of the shortlisted universities directly for specific eligibility criteria details.
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Looks like you are very confused. Before taking a step of quitting the job, think about and prepare for your next step. Think about what would you really like to do? What are your passions? Will you be able to afford education abroad? Do you really want to go for higher education or just frustrated of the job? Why not try for a new and better job?

Yes. You can give GATE if yiu are pursuing you Bachelor's degree in technology from any officially recognised university/ institute.
For more details regarding eligibility for GATE, go to the link below:
http://www.gate.iisc.ernet.in/?page_id=130

Hey Shamal,
Appear for GATE, you will get better results.

BSc ( of 3 years duration) graduates are not eligible to appear for GATE to seek admission in MTech. BSc graduates are eligible to appear for JAM (Joint Admission Test for MSc) to seek admission in IITs.

No, you cannot get admission. The eligibility criteria for M.Tech in any branch of IIT, Madras is minimum 60% in BE/B.Tech with a valid GATE score as per the cutoff in specific branch.

Hello Mahesh,
Yes, GATE exam is for BE graduates to get into IITs for pursuing ME or M.Tech. GATE scores are also being accepted by many other universities for M.Tech or ME programs.

What do you mean by crazy? You may clearly state what advice or information are your seeking.