Pros
Good starting package for lateral joinees.
Cons
Incompetent managers, technical leads. Ruthless CEO and engineering head. People in higher level are more busy in hiring people from their states or the people talking the same language. There are more managers than engineers. No proper planning in project deliveries. People who are personally close to country engineering head get all the benefits, higher positions in the company. Most of the current projects running in India are failures. Most of the lateral joiners are from service companies and play dirty, cheap politics. Most of the work is integration of already existing solutions to some other project. No work life balance. Your work won't get recognized unless you are a boaster and you are good with your manager.