Hi neerajsenguttuvan,
Thanks for sharing your background and congratulations on your ambitions to apply for a slot in the 2+2 or Silver Scholars program. If indeed you do get that 720-750 score that you indicated, then your GMAT will be in very good shape. I think challenge will be to answer the standard essay questions in a clear and compelling manner that explains why an MBA is a logical part of your plans.
From the information you provided, it appears that your background is fairly technical in nature, and candidates with similar backgrounds often fail to present their experience clearly. Remember admissions officers are reading thousands of applications and so it's incumbent on you to make yours clear, easy to read, and have the reader wanting to learn more.
On a cursory glance, it does seem that the components are there to make your competitive for these programs (again, assuming the GMAT comes back at where you indicated), but without having a clearer understanding of your background and leadership potential, it's difficult for me to give a more concrete opinion.
Best of luck with your applications!
Daniel Richards
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