Higher Education is a sub-system with in the education system in our country. It plays an integral role in national development, enriching the human potential and there by empowering the nation. The objectives of the national education system are the attainment of competency, desirable attitude, and appropriate skills for the majority of citizens. These in turns will ensure the establishment of a viable socio-economic base for inclusive advancement in the quickly progressing world. In spite of these national objectives, a large number of people in the country are unable to reach the pinnacles of Higher Education and enjoy its benefits. Hence, the issue of excellence and efficiency assumes great importance in Higher Education to ensure that its benefits percolate to the grass root level. Excellence in education is a context-bound concept.