To be eligible for an MBA degree at Sri Indu P.G College in Hyderabad, candidates must have a bachelor's degree in any discipline from a recognized university with a minimum of 50% aggregate marks. Additionally, candidates must have a valid score in any of the national level management entrance exams such as CAT, XAT, MAT, CMAT, or GMAT. Work experience may also be preferred but is not mandatory. The selection process may include a group discussion and personal interview to assess the candidate's communication skills, analytical abilities, and overall suitability for the MBA program.