Hi! Unlike the typical part-time courses which have little value in the industry, the PGSEM course has carved a niche for itself in the IT industry because of two main reasons:
a) Being offered by IIM B, one of the premier B-schools in India
b) Being located in the Silicon Valley of India, Bangalore and being tailormade for IT professionals
The minimum experience asked for is two years in IT industry, which you already have, so I would recommend you go ahead with the program.
All the best!