"I suspect the Common Admission Test for the IIMs is heavily biased towards engineers; mathematics constitutes a large portion of the test. Since the number of women opting for engineering is very low, the number of women who get into B-schools is also low," says [Naina Lal] Kidwai [CEO of HSBC-India], the first Indian woman to pass out of Harvard Business School. Kidwai feels that B-schools should consider having a more diverse selection procedure. "After all, we don't want a company full of people who look the same," she adds.
From this Economic Times report on the low numbers (just about 10 percent) of women among the students our leading management institutions' students.