Pros
This unit of company is new in India and are providing IT Services from Bangalore & Hyderabad locations. Lot of fun with colleagues as all are relatively new. Local mid level managements are supportive. Can think of long term career if lucky and onsite manager is good which is very unlikely.
Cons
Project planning are done onsite. Onsite managers are very disruptive and unsupportive. They make all efforts to ensure you fail so that they hire contractors at on-site and vendor resources offshore. You have to bear onslaught of onsite managers and vendor contractors because if you succeed here in captive(India) locations their jobs are at stake. So they will not allow you to settle down in the project very easily. Most of the onsite managers used to be vendor company employee in past and now they are managers at onsite and favor vendor company contractors. Here in India they have recruited large number of people from vendor companies like Wipro and Syntel. So developing culture is like vendor-client. Such people make life hell for those who honestly wants to work and go home. You need to be very good at ego massage that is what people at onsite like most. Sycophancy, leg-pulling, back-biting, back-stabbing etc are becoming part of culture.