Is anyone have idea about the Ultimatix internal tcs project.?, is it Good or bad

depends what you need. Any TCS internal projects generally bad because of incompetent people just hide in internal projects. But if they promise you any good technology that you like to get in you can join. Its always better to work in client projects in my experience

Leave TCS and explore other opportunities

Avoid any internal project like the plague. Its career suicide especially in a rotten to the core organization like TCS.

No growth...join only if you want to continue...in case of carrer growth it's a worst project