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If you have first offer of 35lpa and Nagarro is trying to match it, I would say don't do that , explore other options first

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Yes it is first offer . However is it safe getting retained in service based organization at this or higher than this ctc?

Definitely safe ,In any service based company till you are allocated to a project and a billable resources there will not be any issue.
+ If you explore other options definitely only good company will give 35lpa+ offer so you will have better option to choose

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What is ur current, how much increment.

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