IC Universal Legal




IC Universal Legal is an eight-partner strong firm that excels in private equity and investment funds work. 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 active among start-up companies as well. 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 amongst 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

“We have only used the firm for corporate and M&A law. They are exceptionally good at it.” – Corporate and M&A

“Up-to-date appraised of all regulatory changes/proposed changes/huge value adds for structures” – Investment funds

Suneet Barve

“Appraise of regulatory updates, requirements etc, innovative and practical solutions in legal framework, very much approachable for any doubts and queries”

Sameena Chatrapathy

“She is the single point of contact for us despite her seniority at the fund. She manages all aspects of a deal. No doubt there is an army behind her, but we deal with a single person and this makes a huge difference.”

“Honestly for us the firm has become synonymous with its senior partner Sameena Chatrapathy. She gives us complete and total peace of mind. We work with the firm because having her on a deal inspires confidence to all those involved.”

Private equity

Work highlights

Assisted Lightspeed India Partners III on its fundraising of $275 million to make venture capital investments primarily in India.

Represented Fireside Investment Advisory on the establishment of its fund and its negotiations of various investment agreements with its marquee investors.

Acted for IIFL Asset Management on the launch of its IIFL Equity Opportunities fund, a fund-of-funds that will focus investment on technology-focused venture capital funds.

Key clients

Aerometric, Apollo Group, Eastern Condiments, Intello Labs, Mirae Asset Venture Investments, Omnivore partnres, Sequoia-Sprout Investments III, Wipro Enterprises