Top 10 MBA Colleges in Mumbai with Low Fees: The metropolitan city of Mumbai in the State of Maharashtra serves as an important education hub in the NCR region that attracts students seeking MBA admission to the top MBA colleges in Mumbai with low fees. The majority of the best MBA colleges in Mumbai with low fees are located in the Thane region of Mumbai including MKES - Institute Of Management Studies and Research ( MKES - IMSR). It comes under the larger area of Mumbai among other principal cities of Mumbai, Pune, Thane.