XLRI is a prestigious B-school in India and is consistently ranked among the top business schools in the country. In 2022, its NIRF ranking was 8th, behind BLACKI and IIT Delhi. You should keep in mind that the criteria for these rankings may be different from what a student actually considers while selecting his preference.
Many consider it to be on par with the three renowned IIMs (A, B, C). XLRI's HR course is highly regarded. It has a batch strength of 177, ensuring a better student-to-faculty ratio, which is seen as an advantage over the IIMs. So while people’s perception may be that IIMs are better, the industry doesn’t consider it to be very far off.