INTELLIGROUP INC
SC 13G, 1997-02-03
COMPUTER INTEGRATED SYSTEMS DESIGN
Previous: INTELLIGROUP INC, SC 13G, 1997-02-03
Next: HOMESIDE INC, 424B1, 1997-02-03



<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                 ---------------

                                  SCHEDULE 13G
                                 (RULE 13d-102)

            INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                             (AMENDMENT NO. __)(1)


                               INTELLIGROUP, INC.
- --------------------------------------------------------------------------------
                                (NAME OF ISSUER)



                          Common Stock, $.01 par value
- --------------------------------------------------------------------------------
                         (TITLE OF CLASS OF SECURITIES)



                                  45816A 10 6
- --------------------------------------------------------------------------------
                                 (CUSIP NUMBER)



                                ---------------


- ---------------
(1)     The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

        The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>   2

- ---------------------                                          -----------------
CUSIP NO. 45816A 10 6                 13G                      Page 2 of 5 Pages
- ---------------------                                          -----------------

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSONS
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

    NAGARJUN VALLURIPALLI                       
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                    (a) [ ]
                                                                         (b) [ ]
    
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    NON-RESIDENT INDIAN
- --------------------------------------------------------------------------------
                   5  SOLE VOTING POWER          2,202,221 (SEE ITEM 4)
                      
   NUMBER OF       -------------------------------------------------------------
    SHARES         6  SHARED VOTING POWER        N/A 
 BENEFICIALLY         
   OWNED BY        -------------------------------------------------------------
EACH REPORTING     7  SOLE DISPOSITIVE POWER     2,202,221 (SEE ITEM 4)
    PERSON            
     WITH          -------------------------------------------------------------
                   8  SHARED DISPOSITIVE POWER   N/A
                      
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                                 2,202,221
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                             [ ]
- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                                                                        20.5%
- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*                                               IN


- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>   3
ITEM 1(a).  NAME OF ISSUER:

            The issuer of the securities to which this statement relates is
            Intelligroup, Inc., a New Jersey corporation (the "Issuer").

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            The Issuer's principal executive offices are located at 517 Route
            One South, Iselin, New Jersey 08830.

ITEM 2(a).  NAME OF PERSON FILING:

            The person filing is Nagarjun Valluripalli.

ITEM 2(b).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

            The principal business office is Intelligroup, Inc., 517 Route One
            South, Iselin, New Jersey 08830.

ITEM 2(c).  CITIZENSHIP:

            The citizenship is Non-Resident Indian.

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

            The title of the class of securities is common stock, $0.01 par
            value.

ITEM 2(e).  CUSIP NUMBER:

            The CUSIP number is 45816A 10 6.

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), or 13d-2(b),
            CHECK WHETHER THE PERSON FILING IS A:

            Selection of a filing category pursuant to Rules 13d-1(b) or
            13d-2(b) is not applicable.

ITEM 4.     OWNERSHIP.

            (a)      The number of shares beneficially owned by Nagarjun
                     Valluripalli is 2,202,221.

            (b)      The percent of the class held by Nagarjun Valluripalli is
                     20.5%.

            (c)(i)   Nagarjun Valluripalli has sole power to vote or to direct
                     the vote of 2,202,221 shares, provided, however, that
                     63,889 of such shares are subject to: (i) the terms and
                     conditions of the Amended and Restated Indemnification
                     Agreement (the "Agreement") dated as of July 16, 1996, by
                     and among each of Ashok Pandey, Rajkumar Koneru and
                     Nagarjun Valluripalli, on the one hand, and the Issuer, on
                     the other; (ii) the Pledge Agreement, as contemplated by
                     the Agreement, dated as of September 26, 1996 by Ashok
                     Pandey, Rajkumar Koneru and Nagarjun Valluripalli; and
                     (iii) the Escrow Agreement, as contemplated by the
                     Agreement, dated as of September 26, 1996 by and among each
                     of Ashok Pandey, Rajkumar Koneru and Nagarjun Valluripalli,
                     the Issuer and the Escrow Agent, defined therein.

               (ii)  The shared power to vote or to direct the vote of shares
                     is not applicable.

               (iii) Nagarjun Valluripalli has sole power to dispose or to
                     direct the disposition of 2,202,221 shares, provided,
                     however, that 63,889 of such shares are subject to: (i) the
                     terms and conditions of the Amended and Restated
                     Indemnification Agreement (the "Agreement") dated as of
                     July 16, 1996, by and among each of Ashok Pandey, Rajkumar
                     Koneru and Nagarjun Valluripalli, on the one hand, and the
                     Issuer, on the other; (ii) the Pledge Agreement, as
                     contemplated by the Agreement, dated as of September 26,
                     1996 by Ashok Pandey, Rajkumar Koneru and Nagarjun
                     Valluripalli; and (iii) the Escrow Agreement, as
                     contemplated by the Agreement, dated as of


  
            

<PAGE>   4
                September 26, 1996 by and among each of Ashok Pandey, Rajkumar
                Koneru and Nagarjun Valluripalli, the Issuer and the Escrow 
                Agent, defined therein.

           (iv) The shared power to dispose or to direct the disposition of
                shares is not applicable.

ITEM 5.    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

           The ownership of five percent or less of a class is not applicable.

ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

           The ownership of more than five percent on behalf of another person
           is not applicable.

ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED 
           THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

           The identification and classification of the subsidiary which
           acquired the security being reported on by the parent holding 
           company is not applicable.

ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

           The identification and classification of members of a group is not
           applicable. 

ITEM 9.    NOTICE OF DISSOLUTION OF GROUP.

           The notice of dissolution of a group is not applicable.

ITEM 10.   CERTIFICATION.

           The certification regarding Rule 13d-1(b) is not applicable.
                
<PAGE>   5
                                   SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct. 






January 27, 1997                          /s/ Nagarjun Valluripalli
                                ----------------------------------------------
                                          Nagarjun Valluripalli (Shareholder)


        The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

           Note.  Six copies of this statement, including all exhibits, should
      be filed with the Commission.

           Attention.  Intentional misstatements or omissions of fact
      constitute Federal criminal violations. (See 18 U.S.C. 1001.)


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission