Pros
Medtronic have opened IT center at Bangalore. Interview process would be 2 Technical rounds, 1 Managerial round and 1 HR Round (just to discuss on expected salary). Interview would be simple to crack if you are really good in your domain. No Written or Online tests. However they might ask you to write down programs and queries during F2F interview. You will get a broad view of industry and gain domain knowledge which you don't get in any service based companies. Hikes and Appraisals are good and purely based on Performance and Appreciations.
Cons
Bangalore center doesn't have robust processes in place as in case of Medtronic US and they go on changing processes every full moon. Salary is not up to mark while considering it as a product based company.