While viewing a few students from the recent batch, I have noticed that majority of the batch are freshers straight after 12th grade and a few of them are droppers. My question is, Are double droppers even considered for SLS Pune?

Yes no one cares

everyone gets in SLS, if you don't, it was some admin-related issue/your application got lost - not something you did. Chill and have fun in the interview. Trust me, EVERYONE gets in.

They do consider double-droppers. All the best!

Double droppers are definitely considered, but if you are conscious about losing 2 years and spending another 5 studying, I would suggest that you do a 3 year undergrad and then a 2 year MBA, You use the 5 years more effectively then.