1. Management is bad. After the acquisition, the new management is brought in which has adopted hire and fire approach. Company doesn't make a lot of people permanent after probation. And even after permanent job, they will lay off people frequently.
2. Company's clients like Hero Motocorp and Forsee Power are abusive. They will abuse the employees and company will not take any stand for you.
3. Company's HR are shrewd and will eat up your salary. Always take things in written. Always keep copy in your personal email.