Current background :-
YOE: 3.4+
Education: Tier 1
current company: Product based MNC
current TC : 28L INR(annual fixed cash) + 10L/3Y (RSUs) + other benifits

Offer details:-
company: cisco
base: 33L (+ 2L PF Extra)
Joining bonus: 3.3L
target variable pay : 4.95L (at least)
Stocks : $17K/ 4 Years

Total compensation: (Fixed + Stocks + JB + Variable) = 33L + 3.1L + 3.3L + 4.95L = ~44.5L 1st Year
~ 41.2L From second year onward (At least if not get any hike)