Pros
New technology experience (only if you are assigned to new projects). Director says it has more than 50% growth (But I could'nt see the change in work place, may be it is the second Satyam...?). Carrier opportunities are good if you are able to suffer the policies for more than a Year(But trust me, its hard, I resigned before a year).
Cons
Working Saturdays, 8.5 hours working time (even though the time is 8 hours, you will get out of office after 8.5 hours). Only one able Project manager is there. NO Business analysts, around 30 designers have been fired in front of my eyes, now programmers need to design as well (you can expect the look and feel issues then). Very low job security. HIDDEN SALARY CUTS (yearly bonus is an example, they will cut 10% of the amount which will not get if you are moving out of company within a year). Shift time will seem ok in the beginning, but late you will not be able to see any morning. Only Sundays will be free for you. Just see their requirements in each month, It is CLEAR na..?