YOE : 8.5
Current company : Product startup(dont want to disclose)
Current CTC : 23.6 LPA
Tech stack : Java, Microsevices, cloud
Role : Technical Lead

Walmart offer
Role : IN4 SSE
Offer : 37.5 fixed + 9 MIP + 9 RSU
TDC : 55.5 LPA
JB : 3 Lakhs

Yearly TC : Around 47 LPA (excluding PF)

Competing offer
Nike : 42 LPA (37 fixed + 5 variable)

Folks, pls let me know if this is good offer with walmart standards for this position.