Pros
Wipro is ok company. I would definitely recommend them as company that you could go if you want to get your foot in IT world, it has a well established brand name and reputation. Wipro is best for people at higher management and engineers who don't expect much in career. If you are in management stream and want to have 9 to 6 job, this is the best place. Among the good thing that Wipro offers, are Medical Benefits, Job security ( like govt. jobs) and freedom ( though it largely depends on how close you are to your managers.
Cons
Like any other service company Wipro is not too good place for talented people, they rarely gets what they deserve. Management never motivates good people and hardly cares about their aspirations. When it come to salary, they are almost at bottom. To get higher pay at Wipro its better to quit and come back than trying to negotiate with HR. There are hell lots of dumb people you will find around and top of you. Facilities are ok, but not up to mark, every where you will find lots of cost cutting measures. Overall Wipro is good to begin with but not for long term career perspective, atleast for the people who really want more than enough in their career.