If you are 33 and Indian and from IT - the odds are really stacked up against you. You are coming from an over-represented demographic and a non-glamourous career path that also does not give you too many glowing, knight in shining armor examples to talk about.
Business schools and other consultants tell you "
age only matters to a certain degree, its one element of the package, blah blah blah.. " I think that only applies to candidates outside the Male-Indian-IT pool. I think, admissions directors are being disingenuous when they don't just come out and say it.
The other argument - that there are not many 30+ candidates that apply to MBA is true only to a certain extent. If 30+ only makes 10% of the application pool... but does that relate to 10% of the admitted pool too? Schools don't want to give you statistics on that. More and more, the 80% range barely reaches 30. Current students I talked to often said "oh I know a guy who is almost 35". Yes, thats how uncommon you are..
On the other hand, the on-campus and off-campus events I attended (esp in Seattle) had a large number of people that were 30+ and had IT background (thanks Microsoft, Amaxon etc). This made me further doubt the "not many 30+ IT candidates apply" argument.