Pros
Work life balance. If you do a good job, and market yourself well, you'll get some opportunities You can stay here for a few years, have a good work-life balance, and take care of a family, and earn just about as much as you'd earn at other places that would slave-drive.
Cons
Sometimes you end up in a support role and thats the end of your work life balance. Your colleagues will still enjoy it and you have to watch. The work doesn't really satisfy at times. Place chock full of politics. You'll have to play the game,or know someone if you want to climb. Lots of cafeteria bitching and rumor mongering among employees. Rather low quality of people, technically, in a few teams in the tech side at Bangalore. The US teams at Westlake and Texas hold some kind of an unsaid grudge against their Bangalore counterparts, probably because they feel their colleagues got laid off because of them. Not really much cutting edge work. You stay here for 4-5 years and lose your edge. Pretty poor hikes, so you'll have to drive a hard bargain when you join, 'cause your salary's not gonna grow after that.