Public Institutional Ranking Framework is a procedure embraced by the legislature of India to rank top foundations of India based on different boundaries. It is under the HRD Ministry. NAME OF THE COLLEGENIRF RANKING 2020NIRF RANKING 2019CHANGEAVERAGE ANNUAL FEESIIT Madras, Chennai (Department of Management Studies)1415+1INR 4,00,000Great Lakes Institute of Management, Chennai2318-5INR 11,00,000Loyola Institute of Business Administration [LIBA], Chennai5036-14INR 1,52,000Anna University, Chennai5943-16INR 41,000 NIRF has ranked 4 MBA colleges from Chennai in the rankings. NIRF 2020 rankings have placed IIT Madras, Chennai as the top MBA College in Chennai. To be specific, the Department of Management Studies (DOMS) of IIT Madras has been ranked as the top MBA College in Chennai. IIT Madras has been ranked 14th in the list, an improvement of 1 position from the last year. IIT Madras is followed by the Great Lakes Institute of Management which has been placed 23rd in the rankings. Last year, the college was ranked 18th. Other included institutes are Loyola Institute of Business Administration at 50th rank and Anna University at 59th rank. NIRF bases its rankings on 5 different parameters. The following chart shows the comparison of the weightage allotted to these parameters.