Education: CS B.Tech. (Tier-3, India)
Year of Experience: 3.7 years
Prior Experience: 2 product based companies
Prior Compensation: 16 LPA (fixed)
Date of the Offer: April, 2021
Company: MakeMyTrip
Title/Level: Senior Software Engineer (SSE)
Location: Gurgaon, HR, India
Base Salary: INR 23 LPA (fixed+PF)
Gratuity: 45K
Relocation Bonus: NA
Performance Bonus: INR 2.6 LPA
Joining/Sign-on Bonus: INR 2 LPA
RSUs: INR 10L (4yrs @ 10,20,30,40%)
Total year 1 comp (Base + Bonuses + RSUs): ~INR 28.6 LPA
Benefits: Standard MMT benefits

I did not negotiate as I had a better offer.
However, the HR said that they cannot offer more than this at my YoE (which is a joke, obviously).