1. Vellore Institute of Tech.
2. IIIT - A
Before you start reading any further I have one thing to say: These rankings in no way really reflect where your college is. These rankings do not consider a lot of important things. If you feel that you would rather study in college A then your present college then rank college A above yours. Be honest while doing that and you can evolve your own rankings :)

Now to the amazing facts!! VIT at no. 10 !! Well I can safely say one thing - If any VIT student was offered the chance to study in IIIT-H(ranked 13th and also my college!), I don't see him turning it down . The way I see it there are 3 major problems with VIT. Firstly the admission process is murky. Donations and back door entries galore. Secondly I don't see great faculty at VIT.(I know of CS and speak only about CS) and thirdly I don't see any great research work coming out of the place at the International level. Agreed they have great infrastructure but that's not the only thing that counts.
Secondly...Whatever happened to IIIT-A !! I know that it's ranking last year was inflated but surely IIIT-A is not as bad as JNTU hyd! This is where I'm surprised at the rankings. I have absolutely no idea how IIIT-A got to 23!! Having said that I have no idea about what is actually happening in IIIT-A! But still 23 is very weird considering some very poor colleges are in between.
Here are some major flaws I see in this ranking
1. Factors not considered : Research, curriculum, admission procedure. The reason given is that this is out of the hands of most of the institutes. Well even if it is, these things do matter!! How can you not consider these?
2. The facts provided by colleges are really hard to verify. India today has something called a factual rank in the process. This is basically a ranking of colleges on the facts they provide to certain standard queries. These are slightly absurd. For example just on the basis of facts VIT is ranked number 4 and IIT-M is 21! Some facts like placement etc are for the previous year and not for this year. The placement facts used here are for the batch that graduated in 2007 and not this years batch!
3. India today does not publish the facts and figures supplied by colleges or by any other people. I think any college should not hesitate to allow these facts to be published. This is where the whole rankings lack transparency.
4. I think India today should stop just asking people who are HoD's and deans and principals in obscure colleges. It should go and ask people who attend counselling for competitive exams. It should go and ask Graduates where they would want to join a masters programme. It should go and ask the industry and I mean the top players like Google, Microsoft, Amazon, Yahoo,Cisco, Intel etc who actually hire top quality talent, about their perception of colleges.
5.India today should also take a look at what the alumni of a college is doing and where it is placed. This is very difficult but this will give a really clear picture of how a college has developed over a longer period of time.