The difference is fairly marginal between a 720 and 740 so I would say your focus at this point should be on your story and relating it well in your applications. You are correct that there is a big hurdle for Indian males with IT background, so you should be prepared to make yourself stand out in that crowd. Your leadership experience will help, as most people do not have direct reports or managerial responsibility when applying to b-school. Make your other components of your profile stand out so you don't sound like everyone else. They are trying to get to know you as a person, not just as a professional, so definitely bring out all the extras that you mentioned in the profile. Getting to why you do what you do or have done what you have done is way more important than describing what you have done. The why is critical to revealing your personality and what makes you tick. Your school selection is definitely high. You might consider a couple of applications to schools in the top 25 but a little farther down to play it safe and get a couple of choices.
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