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Hello Kunal,
Before you prepare and appear for CAT or any other management courses entrance exam be prepared with a good explanation for the 3 years gap and not working too. Please note if the answer is not trustworthy it may affect your selection.criteria.
Anyways you prepare the answer and in.the meanwhile also prepare for the entrance exam by joining classes and focusing on.the concepts and shortcuts needed. Also solve as many papers as possible. Initially focus on the questions and getting all the questions solved. Later solve the paper with timings.
Also reading and being able to form a conclusion and expressing it is a must for group discussion. In terms of personal interview, prepare on.basic questions and the question stated above.
One piece of advise here I wish to give you, is work on your English spoken and writing skills. It also makes a difference.
Wish you good luck...
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