All the institutes you mentioned are quite different from each other and have no similar goals, visions, or outcomes. XIMB is a General Management institute while MICA and IRMA focus solely on a specific domain.
The most common evaluating criteria of aspirants for a B School are its ROI and Placements. Choosing a specific niche program might limit your opportunities and choosing it mainly because of its general parameters like ROI and Parameters might prove wrong in the long run.
IRMA is well known for its specialization in rural management, and its primary goal is to bring about a change in the rural sector of the country through professional management. As a student, you will acquire knowledge of the principles of general management, and certain social and liberal arts subjects.
The main highlight of the institute is its three internship segments. Through this program, you will get to witness rural realities and society through a different lens, and pave your way to an excellent career.