TISS Tata Institute of Social Sciences, Mumbai

XLRI will be a better option among these. It is a true-blue B-school. Their HRM program is the best in the country. If you are interested in HRM, XLRI is the best option. Placements and exposure offered in this field are unparalleled. XLRI HRM average package is around INR 23-25 LPA. 

TISS is a Social Sciences School. It follows a research-oriented, field-study-based curriculum. 

Both of these institutes have a good placement record and offer decent ROI.

If you get both XLRI and TISS, you should choose the latter. Both of these are widely reputed. These offer different value propositions and learnings. XLRI is a true blue B-school. It is competitive and placement-oriented. 

TISS isn’t your typical B-school. It is a social sciences school, where placement follows knowledge. They have an opinionated, liberal knowledge-oriented approach towards academics. The pedagogy is research and fieldwork-oriented. You can choose any of the courses as optional irrespective of your course. This will help develop your perspective towards our country. 

Placement isn’t an issue for these institutes. You will get good ROI from both. The XLRI vs TISS is a never-ending debate and there isn’t any clear winner. You won’t miss out on any opportunity if you choose one over the other. 

There is no scale to measure. But if we go by ranking and students' perspectives regarding these colleges. After XLRI/TISS HR, comes MDI followed by SIBM then SCMHRD based on NIRF ranking.

Based on placements, XLRI is the best in HR placements. It also witnesses placements across the world. If you want to pursue a career in Social work and HR then TISS Mumbai is the best. TISS also offers MA programs and it does not offer MBA.

MDI Gurgaon and SCMHRD is also a better option to consider. They have a good alumni base and decent placements at XLRI and TISS.

TISS offers one of the best HRM programs, rivaling that of XLRI HR, and has produced highly competent individuals in this field. If you have a strong passion for HR and are confident in your choice, TISS would be an excellent choice for you to pursue this specialization.

On the other hand, if you are uncertain about your career path, it may be advantageous to keep your options open. In this scenario, it would be best to choose a college that allows you to decide on your stream later, rather than committing to a specific specialization immediately. This approach has its own advantages and disadvantages, so it ultimately comes down to personal preference and what best suits your individual needs and goals.

Regardless of your choice, both TISS and JBIMS have top-notch individuals in all areas of management, so you can be assured that you will receive a high-quality education and have the opportunity to be mentored by skilled professionals.

If you want to pursue a career in HRM then TISS is the best option for you otherwise IIFT is for all other streams. 

For better assistance below is a table showing and comparing the two colleges on different and important aspects;

Assuming from your question you want to compare the two colleges in only the HRM courses, so, the placement packages of both the colleges are the overall package not the HRM particular. RoI-wise TISS is better than IIFT.

NOTE - Both the colleges are at the same level and are slotted among the best colleges

Choose wisely, because it depends on your goals and preferences, see which suits you better. 

To get a better picture, let’s compare the two Institutes based on some common parameters:

• Faculties - Development Studies department at TISS and IIT Madras have highly esteemed professors imparting the best knowledge.
• Infrastructure: Infrastructure-wise, both institutes are fair and equal 
• Placements: The placement of DS is better at TISS than at IIT Madras. Students are offered placements and internship opportunities in very renowned NGOs like Pratham, Sneha, Aanandi, etc. The package offered is normal, and the maximum salary package offered is 22 LPA.
• Curriculum: This course is one of the best offered in the school of social work at TISS. Being one of the flagship courses of TISS, it's superior in quality to that offered at IIT Madras. 
• Brand name - IIT Madras is an engineering college while TISS is known for its social sciences specialization. Hence, it enjoys a better name globally and has a better research culture too.
• the quality of its research and researchers.
• Campus life: The ambiance at TISS is conducive to the requirements of the DS course and comprises several departments promoting social activities like social work, development studies, tribal studies, disability studies, etc. This aspect is missing at IIT Madras and the learning experience of this course is not on par with TISS.

For Development Studies only, I would strongly suggest you go for TISS.