Ph.D

BITS Pilani is approved by UGC.Sure you can pursue PhD from any institutions including IIT

Dear Sandeep,
There are many universities which can give you opportunity to earn a PhD. You can go for a government or private university.
Refer the following for the same:

You can Do Part Time Mba from colleges like Spjain, Kjsomaiya, Sydenham, Welingkar and Distance learning from Nmims. Your are of interest in Phd Should be Branding where there is huge scope. Admission process depends on your work experience and Post Graduation details. the fees are on high side above 10lacs at welingkar and Nmims. For others it is below 10lacs.

To do your masters you will not have much schorlarships. few you can apply and try. PHd normally is fully stiphened PROGRAME. First you have to apply with good research proposal get ypur admission and then apply for schorlarships