IC Universal Legal is an eight-partner-strong firm that excels in private equity and investment funds work. This year it climbs into the top tier of the investment funds table on the back of strong market reviews of its dominance in the fund formation space. It has offices in Bangalore, Chennai, Delhi, Mumbai, Chandigarh and Ahmedabad, and extends its reach to the US and Brazil via its affiliation with US firm Chugh. Apart from its private equity, venture capitalist, credit fund and hedge fund clients, the firm is also active among startup companies. Industry-wise, the firm has expertise in banking, financial services, insurance, healthcare, industrial engineering, media, pharmaceuticals, IT, real estate and private clients. The firm boasts the highest market share among all the Indian law firms, of nearly 30% of the Indian investment funds establishment space. This includes private equity, venture capital, credit and hedge fund structuring as practice areas. Last year, the firm was involved in no less than 45 transactions across different verticals. Senior partners Kavitha Vijay and Tejesh Chitlangi are key contacts.
Client feedback
“On top of the regulatory framework for venture capital funds, the team has good insights into the thinking and working of the regulator in India.” – Investment funds
“Strong subject-knowledge expertise with a reliable and professional approach.” – Technology and telecommunications
Dikshit Mehta
“Dikshit is always accessible, prompt in his deliveries and gives a firm view on all matters with sound legal and logical backing.”
Sambhav Ranka
“Depth of knowledge, practical in approach and a problem-solver.”
Work highlights
Assisted Symbio Generrics India on its acquisition of a pharmaceutical manufacturing facility owned by Yenovus Pharma by way of a business transfer.
Key clients
Assam Hospitals, Pi-Beam Labs Private, Zephyr Peacock India Growth Fund.
Work highlights
Advised Coolberg Private on the sale of its beverage business to Ghodavat Consumer.
Work highlights
Advised EvolutionX Debt Capital in their investment of $50 million in the non-convertible debentures issued by API Holdings.
