See academics do matter a lot in your selection process but the loss which you will be facing can be covered by scoring a high percentile in CAT exam.

My only concern was with 49% in 12th exam are you eligible for CAT exam or not becuase you need to have atkeast 50% in 10th 12th and graduation for General category and 45% for SC/ST category. As you have already mentioned that you have given CAT exam and scored 79 percentile without preprations then you are definitely eligible.

Now let me tell you that after you give CAT exam every college in which you have applied including IIMs in order to call students for next round of interview and WSAT they make up a merit list based on your aggregate score which comprises of many factors such as CAT marks, 10th 12th and graduation percentage, work experience, engineer or non engineer, gender with different weightages for different colleges.

In this merit list 10th 12th and graduation percentage have approx 10-20% weightage whereas CAT marks have a weightage of 35-60%. So in order to cover the marks you lost due to academic records you need to aim for scoring a very high percentile. Then only you can get admission in top reputated colleges.

Work hard score very high and you will get success. All the best for your preparations!!

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