Hello there Sridhar,
Good to hear from you my friend. Let's dig into your profile a bit and have a look at things. I think that your biggest plus in your profile is your leadership. You have two big leadership stints, and this is from what I can see the single biggest advantage you have. The toughest thing for you is your applicant pool - as an Indian Male IT guy, things will be HARD! There is a lot of competition out there, and some of it has better grades and a better GMAT.
If you are set on applying to US B-schools, I'd say that your likely target range for schools are schools ranked about 30-60 (I'm writing about the US News rankings, in case you wonder). But to make sure you get into the BEST of those schools, the most important thing (besides that you write fantastic and impressive essays) is that you do what you can to stand out. Even with your fantastic leadership experience, there is a danger that you sound like other candidates, esp. given the size of your pool, so you need to think about, even NOW what you can do to be different and unique (and this can be through your stories, your writing, your tone, your experiences... anything you have).
Hope this helps!
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