@RishabBhasin - Congratulations on your excellent GMAT score of 715! This is a very impressive result, especially for your first attempt and through self-study.
To address your concerns:
GMAT Score for M7 Schools:
The median GMAT score for M7 (top seven) business schools is around 685. Your score of 715 is well above this median, which puts you in a strong position. While a higher score is always better, your current score is more than good enough for both getting an admit and potentially securing a scholarship at M7 schools.
Retaking the GMAT:
Given your score of 715, there's no pressing need to retake the exam. Your time and energy would be better spent focusing on other aspects of your application.
Competitive Applicant Pool:
While you're correct that you're in a competitive demographic (Indian, IT, Male), your current GMAT score is enough to make you stand out
Your 2 years of experience at a Fortune 500 company is a good start. Many top MBA programs prefer candidates with 3-5 years of experience, so the additional time before applying could strengthen your profile further.