Education: Tier 1 Institute in India (IITs/NITs)
Years of Experience: 10
Prior Experience: Product based Company
Date of the Offer: Mar 2021
Company: Grab
Title/Level: Senior Software Engineer (G4)
Location: Bangalore

Base: 42,00,000
Bonus: 6,30,000
Stock bonus: 20,00,000 vested over 4 years
Joining Bonus: 7,00,000 (2 year clawback)
Relocatioon: 1,67,000 (1 year clawback)

Total (Fixed + Variable + Stock)excluding one time bonus : 53,30,000
Benefits: GrabFlex worth 50,000

Current Comp.
33 base + 3.5 variable + 40,00,000 RSU for 4 years

I feel this is too low as per my experience and current comp. Also at 10 years experiece they should have given G5 which is very common in Grab as per my knowledge.

Wanted to know from community if this offer is good enough or should I skip it?

Update: I declined the offer as it did not match my expectation. Thanks a lot to community for your valuable suggestions.