All the aforementioned colleges are among the best B Schools in India so the choice between them depends on your preference and future prospects. You need to determine what exactly you want from the program and where your career currently is. 

In general, ISB is for people who have better industry experience, good leadership skills and decent academics. The other B Schools focus more on excellent academics throughout your career.

The ranking of these institutes in my opinion is ISB, IIM-A, B, C>IIM-L, FMS, XLRI,>SPJIMR

The above preference order is based on a number of factors like career progression, college market value perception, quality of faculty, quality of students, academic learning, quality of recruiters and infrastructure.

IIM Lucknow is one of India's leading management schools, continuously ranking among the country's top business schools. IIM Lucknow was placed third among management institutes in India in the 2021 edition of the National Institutional Ranking Framework (NIRF).

NIRF is a ranking system created by the Ministry of Education, Government of India, to rank higher education institutions in India. The rankings are based on objective criteria such as teaching, learning, and resources, as well as research and professional practices, graduation outcomes, outreach and inclusivity, and perception.

IIM Lucknow is well recognized by several ranking organizations, like the Financial Times and Business Today, in addition to its high ranking in the NIRF rankings. It is consistently regarded as one of the top business schools in the country, with a reputation for high-quality education and cutting-edge facilities.

Many coaching institutes publish many different rankings of B schools across the country every year based on several different parameters. Which in most situations aren’t reliable and trustworthy. But the Times ranking or Career Launcher ranking is more realistic and based on practical parameters. According to these rankings, the preference order of the institutes is as follows. 

1. SIMS Pune (Symbiosis tag, good average package)
2. IMT N (IMT tag and brand value, good placement, good faculty, and campus life)
3. IMI K (Decent placement)
4. BIMTECH (Location factor)
5. Amity Noida (Brand value, beautiful campus)
6. IBS H (More number of students, only location advantage)

The table below gives a brief overview of the institutes in the question.

This list and ranking are unbiased based solely on reasons that are practical, realistic, and are only facts combined with different student reviews.

Rather than giving my own input, I’d rather rank them on the basis of official rankings done by esteemed ranking bodies.

NIRF 2022

1. IIT Mandi- 20 out of 200
2. IIT Ropar- 22 out of 200
3. IIT Jodhpur- 30 out of 200
4. IIT Indore- 31 out of 200
5. IIT Bhubaneswar- 65 out of 200

India today

1. IIT Indore- 17 out of 192 colleges 
2. IIT Ropar-19 out of 192 colleges 
3. IIT Mandi-25 out of 192 colleges 
4. IIT Jodhpur-34 out of 192 
5. IIT Bhubaneswar- 36 out of 192 

In general, the preference order should be 

IIT Mandi=IIT Indore>IIT Ropar>IIT Jodhpur>IIT Bhubaneswar.

Ryerson is slowly and steadily gaining its reputation and receives an incredible amount of applications every year. It ranks #27 among the global universities in Canada as per US News and #801-1000 in the world by QS World Ranking.The university is known for having the top journalism school and recently added a unique sports media program which is the first of its kind in North America. The sports media program teaches students how to excel in sport management, sports journalism, live production, sports journalism and more.

It won’t be fair to judge it solely through rankings though- it is hard to rank because it has many unique programs. It doesn't compete with sheer talents like U&T and McGill, rather compete in their unique nature and focus of their programs. The university maintains a great reputation with the employers with its career-focused programs.

Their leading programs are in the subjects of Business, Arts, Communication and Design, Community Services, and Engineering. There are also some specialised programs only for international students with the Ryerson ESL Foundation Program. 

As for the academic ranking of Ryerson, it depends upon the type of programs you want to enrol in. It is very highly regarded for programs like Nursing, Journalism, and Radio & Television Arts. THE World University Rankings 2021 by the subjects are:

Overall, Ryerson University is a potential choice if you are planning to go into journalism, technology, or MBA it is often considered on par with other universities as it has been ranked among the top 800 universities in almost every subject with an employment rate of 86.7%.