The Financial Times ranking of global MBA programs places ISB at #20 in the world. I believe this is the first time an Indian MBA program has made it into a good rank by world standards. (There is no other Indian MBA program in the top 100). I also suspect this is the first time an Indian university has figured with a decent rank in any global ranking (is that correct?).
This achievement reminds us of how a radical break with the past - i.e. internal mechanisms which look more like international universities and less like Indian universities - can yield major success in six short years. I think ISB features very important institutional innovations that should be increasingly transplanted into other Indian universities.