Pros
Good "Indian" Brand in offshoring companies. A good process and MIS internally. Generally decent people. Some good ideas. In US, health benefits are okay, no matching 401K. Bonuses are paid based on real reviews. Not much Politics for middle level. You show results, you get CRR1, you may get bonus. Employee friendly.
Cons
Huge organization getting un-manageable. Very much beurocratic so exceptional performances are sometimes not rewarded which results in loss of talent for the company. Employee friendliness comes in the way especially for veteran employees who do not perform, show attitude and impede on results and growth of a group. In my group, consultants flatly refused to travel to US from India and sat on bench. We lost business. Sometimes lack of planned strategy for the group. A lot of "vapor-ware" based business without any real knowledge and experience backend. Lack of investments from resources point of view which is surprising given the offshoring model and people on bench in India.