Education: B.E (IT) from a Tier-3 College
Years of Experience: 3.5
Prior Experience: Startups
Date of the Offer: 22nd November 2020
Company: VMware
Title/Level: MTS-3
Location: Bangalore
Salary: 29 (Base) + 1.74 PF + 80 (Health and Gratuity)
Relocation/Signing Bonus: 2.4L
Stock bonus: 31.5K USD ~ (23.6 L) vested in 4 years
Bonus: 4L
Total comp (Salary + Bonus + Stock): ~ 40L
Benefits: Gratuity, Health insurance, Gym, food etc

Please suggest if this is on the good side of the compensation or should I negotiate on some of the components?