Should I switch ?

Looking for some help and advice from the community on whether I should make a switch.

Here are the details:

YOE: 4.5

Current Company Compenstation

• Product Based Startup Fintech (Permanent Remote, not a big startup brand, mostly unknown in India)

• 44.85 LPA Base (39LPA Fixed + Target bonus 15% (5.85 LPA))

• Additional: full 12% match i.e 2,34,000 LPA (19500 per month PF) Employer PF (over and above fixed)

• No ESOPS

• Benefits: Standard benefits, 12Lakh Health insurance, 40K OPD (include dental, gym, vision) & Life cover 3X of Fixed Salary

• Time Spent in the company: 1 year.

New Company Offer (Tide ,India))

• Role: Engineer, Backend 3 (Equivalent to SDE 3 as per recruiter)
• Again a Product Based Startup Fintech (Remote, but they have offices in India, so not sure of the future working mode)
• 46 LPA Target base (44.62 LPA Fixed + 1.38 LPA Variable (3% of Target Base))
• Additional: Rs 21,600 per year Employer PF i.e 1800 per month (over and above)
• ESOPS around 3.8lakhs Lakh per year, total 15 lakhs vested over 4 years (For me it's paper money)
• Benefits: Standard benefits: 5 lakh Health Insurance, 20K OPD, Life cover 2x of fixed, 9000 WFH setup.

Some More details about both companies

• Current Company

  • Fixed hours (has it's own pros and cons, work hours are 12pm to 9pm IST)
  • micromanagement by manager, not so fun environment atleast for me, just work and shutdown.
  • no career and financial growth (Low hikes 3-5% yearly [might or might not get in coming mid year cycle], no scope for promotion for atleast 2-3 years)
  • No oncalls for now, as product we are building in the team is pretty new and low scale.

• New Company

  • Flexible Hours, general work hours standard IST time (as per recruiter)
  • Not sure how things will be regarding manager and work life (Community people can comment), as what I have heard culture is good , but not sure.
  • Career and Financial Growth (Of What i researched the hikes are again single digit here in Tide 4%-8%, 5% being average, promo chances low atleast for next 1.5 years, they have 6 months probation too)).