Pros
Decent benefits - reimbursement of internet, phone bill every month. Annual gifts are given. Purchase of mobile every 3 years at 50% reimbursement. Car allowance is separate from CTC so good option for anyone looking to buy car and get tax benefits on fuel, maintenance. Work-life balance depends on the team you are part of.
Cons
No long-term employee strategy in place - some roles are insourced but still heavily reliant on vendors. Have never seen any organization where vendors have so much influence on senior leaders. Management changes and decisions are frequent, every few months leading to changes in teams and that directly impacts employees in those teams. Have seen many being terminated (with severance of course) or asked to look for other roles. Would not recommend anyone joining the organization if you are looking for stability; its okay to join in short term if the role is suitable.