Lots of good questions, which I attempt to answer below...
1. I have pursued the aforementioned programs pertaining to business management. Will it affect my application in any way?
building an "alternative transcript" is never a bad idea and as long as you don't have the equivalent of an MBA already, your additional academic preparations you have achieved through these online programs will likely be additive to your profile for at the very least, demonstrating a true interest in a business career. It's up to you how you draw out the value of what you learned from these programs and how it will help you be a more desirable classmate going forward in an MBA program.
2. I am not a first generation entrepreneur. Though I have worked like an entrepreneur ( starting a business unit from scratch, managing entire operations of the unit) i have been an employee in the business. In this case, will my experience be considered an entrepreneurial experience or not? How important or useful is an entrepreneurial experience?
I don't really interpret your work history as entrepreneurial at first blush, so if your goal is to appear innovative, driven and creative, you will need to really focus on that angle in your essays. The natural tendency of admissions committees is often the opposite conclusion when they see family business work experience, that is, you were "given" a job because of your status as a family member, and did not have to exercise much if any entrepreurial effort. Again, the key is how you couch it.
3. With my profile, is it logical to apply to wharton or Stanford?
Wharton and Stanford will like your top 30 college and high GMAT score, but frankly it's not unusual at all in your applicant pool to see these kinds of stats. Energy, Metals and Mining is not too uncommon, but certainly more uncommon in your pool than IT or computing, so you have the potential to stand out as an operations management expert who offers a different perspective than the average Indian applicant. The fact it ties into your post MBA career goals will help as well, as it makes your goals seem more achievable.
4. I wish to work for a management consultancy, as a person specializing in operations and manufacturing management. Shoudl I apply to colleges which are known for operations management or to those known for general management and strategy? Specifically, Purdue-krannert is highly ranked for operations. But is out of the Top 30 band that I am targetting. Should I apply to Purdue?
One good exercise to do is to "reverse engineer" your career goals and think about where you would like to end up then rewind the clock to see how you got there. Choose some companies where you would ideally like to work after b-school and then see where these companies recruit MBAs. If some of your target employers recruit at Purdue in the specific operations consulting area you feel you like, then it could be a better play than to do to a "better" school where your targeted industry or function does not recruit at all. You can work with MBA career centers before you apply to try and figure some of this out. At the end of the day, MBA programs are highly motivated to get you a job because it affects their rankings.
_________________
Bryant Michaels
Admissions Consultant