how good is icfai university

Ya, i think its good for distance mba.  Still distance mba is more usefull as a degree in addition to some other professional degree.  For other options u can get some help from this link -

https://www.mbapursuit.com/top-distance-mba-institutes-india

Ambica, as of what I make out from ICFAI's syllabus the MBA course seems to be good, however there are other good institutes such as Symbiosis, IMT etc. which are of a little more repute and may just have alittle more weight in the industry.

In my view distance MBA is of use if you have relevant work ex, otherwise it would only help you get the jobs done by simple graduates more easily.

These views are from my personal experience (which is not much) and seek more advice on this topic

Reagrds,

Vishal