I had joined Magna Infoteh in June 2011. I was placed on site of Nomura Service India Pvt LTD, on the post of Windows Server Administrator in EIS Department. My overall experience with Magna is good. The recruitment team & HR personals are very supportive throughout my employment.
In the point of appraisal, the process is lengthy but they have provided good margin of hike.
So Friend, you can surely consider Magna if you wish to develop your carrier in IT.