Management of education is an integral part of the total education system. Providing good quality education to the masses at an affordable cost should be the utmost concern of a developing country. Leadership in TQM requires a continuous cultural change, and all the members need to be guided through that change. So the concept of leadership needs to follow some requirement in TQM environment. For the present study, investigators selected the Principals (Head of the Institution) in various Colleges of Education (Teacher Training Colleges) in Tamil Nadu state was chosen. The investigator used random sampling technique for the study. Principals Institutional Perception Scale (PIPS) was used for the study. Analysis of data deals with analysis of perception of Principals on quality indicators and inter correlation study of all the quality indicators. The major implication of the study was, Innovation in teaching, promotion of research, participation of teachers in innovative programs must be made as part and parcel of any teacher education program. Student centered approach and need based approach should be followed in planning for curricular and co-curricular activities of teacher education program.