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I think you should go with LTI. I have heard that in Synechron there has no bench policy so if project goes away they fire you. Not sure I haven't worked with Synechron.
LTI has a bench policy for 3 months if you check here on fishbowl which is pretty safe as bench wait is high.
What about other things like wlb, and location?
Is getting 18 CTC (including 50k joining) in Airoli, Mumbai a good option?
Rising Star
Only answering in terms of location -
Pune is definitely better, but Airoli is also good. You can stay in nearby area Ghansoli to save on rent.
Navi Mumbai is clean, green, less crowded, not as expensive as Mumbai and has good infra both in terms of roads and trains/buses.
Feel free to DM if you have any questions for Mumbai