All three of the institutions, MDI, IIFT, and IIM Indore, are comparable, so admission shouldn't be based solely on the IIM moniker. Both IIFT and MDI have excellent lists of recruiters visiting campuses and smaller batch sizes. The IIFT is the best of the three if one is interested in trading or is fine working in general management roles in emerging economies. MDI is the best of the three for consulting-related jobs and a great campus life. Unfortunately, due to its enormous batch size, IIM Indore is no longer regarded as being in the same league as other old IIMs. At all three institutions, the faculty and teaching methods are comparable. 

It would be MDI>IIFT>IIM I if you took into account things like placements, faculty, brand value, campus life, and location.

If you are a Human resource management lover then you sho should definitely opt for XLRI Jamshedpur HRM course. Otherwise, if you are looking for hardcore MBA courses then I would suggest you go for the IIFT Delhi IB program. It is their flagship course and only a very few institutes in the country offer the IB program and IIFT tops among all of them. 

Additionally, the value of IIFT Delhi in the corporate world is very renowned, and recruiters easily hire candidates from IIFT Delhi. Although XLRI is also a renowned institute, I am not a HR enthusiast so if I were at your place I would have gone for IIFT Delhi.

It is no longer the case that the "IIM" brand carries the same weight for all business schools. Each individual Indian Institute of Management (IIM) now has its own distinct brand value and perception, and the word after the "IIM" tag is what will truly matter. For example, IIM Ahmedabad will have a different brand value from IIM Lucknow, which will be different from IIM Kozhikode or IIM Shillong, and so on. With the expansion of the IIM network, with a goal of having an IIM in every state, it may become less meaningful to be accepted into an IIM in general.

Generally speaking, older business schools tend to have more and better opportunities than IIFT due to their larger alumni networks and longer histories of the establishment. Additionally, business schools located in metropolitan areas may have better accessibility for recruiters, leading to more favorable placements for students.

IIM is the first choice for anyone who wants to do their MBA. However, saying all IIMs are equal is an oversimplification. You can split them into five different categories.

IIM Ahmedabad, Bangalore, and Calcutta are currently ranked first, second, and third. IIM Lucknow ranks at 4th, followed by IIM Kozhikode.

FMS Delhi and XLRI Jamshedpur are often compared to IIM Lucknow. IIMK is as esteemed as SPJain, IIFT, and MDI.

The fourth group includes IIM Shillong and the new IIMs. These are comparable with other universities like NM, SIBM, and IIT B (Ops). Despite their management potential, it will take time for them to succeed. The fifth category includes the five newest IIMs.

IIFT is one of the most esteemed business schools. J.P. Morgan, Amazon, Goldman Sachs, and Google recruit at this institute. These firms need qualified candidates to fill their openings. Bunge Limited, Archer Daniels Midland, the Dreyfus Company, and Cargill Louis have visited the IIFT on business trips. Many alumni of the Indian Institute of Foreign Trade (IIFT) work for well-known companies, making the brand desirable. Many institute graduates have worked there.

IIFT can be grouped with IIM KI, the third set of IIMs.

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. 

It is important to evaluate IIFT Delhi, IIFT Kolkata, and NMIMS Mumbai for an MBA in Marketing and compare their offerings, including curriculum, placement opportunities, and return on investment (ROI).

IIFT Delhi and Kolkata are both part of the Indian Institutes of Foreign Trade (IIFT) and offer similar programs and opportunities. As such, when comparing IIFT with other institutions such as NMIMS, IIFT is considered to be superior in many aspects.

One of the key advantages of IIFT is its better ROI. The course curriculum is designed to provide a rigorous education with a focus on international business. Additionally, IIFT has a strong track record of improving its placements each year. The current batch of students has achieved the highest placements among all top B-schools, including the Indian Institutes of Management (IIMs).

In considering these factors, IIFT may be a strong option for those looking for a graduate program in management with a focus on international business and strong placement opportunities. However, it is important to conduct thorough research and evaluate all options before making a final decision.