Pros
You will never be fired. All Tata group companies have this policy of job guarantee. They will never fire people even in tougher economic times unless the company is going to sink. Tata has brand value that it's a good company that has society value & even apart from profits, they engage in intitiatives that says about their social responsibility Initial stages you get oppurtunties to work outside India & monetary wise it's beneficiary They care for employees and the working conditions are not harsh as some of the other IT companies I've heard. Overall, it's a good company to work if you are a person wanting mediocre way of life without much surprises.
Cons
Penny wise & Pound foolish. This is what always comes in my mind when I think of my company. They are involved in cost reduction to an extent you can never imagine. It's a good thing to reduce your operating costs but not at the cost of earning employee dissatisfaction. Even to get any requirements done for project needs(such as a laptop), you'll have to have approval from CFO. One more thing I particularly dislike is, few people work hard and everyone bask in their glory. We have some very incompetent managers at all levels and they don't have the authority to fire people who are liability to the company Promotion/career advancement are always experience based rather than performance based like good old government agencies