NetSarang does not currently provide a native "Portable Edition" (such as a that runs without installation) on their official download page Installation Requirement:
A modern, customizable terminal that offers a portable Windows version via GitHub Releases Recommendation: For Xshell, always use the official installer xshell portable download
Officially, Xshell is designed as a traditional Windows application that requires installation. TeamDynamix No Official Portable Version: NetSarang does not currently provide a native "Portable