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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p>
<p align="center"><font size="2" face="serif"><b>Washington, D.C. 20549</b></font></p>
<p align="center"><font size="2" face="serif"><b>_______________________________</b></font></p>
<p align="center"><font size="4" face="serif"><b>FORM 8-K</b></font></p>
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<b>CURRENT REPORT<br>
PURSUANT TO SECTION 13 OR 15(d) OF THE<br>
SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<p align="center"><font size="2" face="serif"><b>Date of report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;March 31, 2006</u></b></font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="center"><font size="4" face="serif"><b>Intelligroup, Inc.</b></font></td>
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<td align="center"><font size="2" face="serif">(Exact Name of Registrant as Specified in Charter)</font></td>
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<td><font size="2" face="serif"><b>New Jersey</b></font></td>
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<td width="28%"><font size="2" face="serif"><b>0-20943</b></font></td>
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<td width="33%"><font size="2" face="serif"><b>11-2880025</b></font></td>
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<td><font size="2" face="serif">(State or Other Jurisdiction of Incorporation)</font></td>
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<td><font size="2" face="serif">(Commission File Number)</font></td>
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<td><font size="2" face="serif">(IRS Employer Identification No.)</font></td>
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<td align="left"><font size="2" face="serif"><b>499 Thornall Street</b></font><br>
<font size="2" face="serif"><b>Edison, New Jersey</b></font></td>
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<td align="center" valign="bottom"><font size="2" face="serif"><b>08837</b></font></td>
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<td align="left"><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
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<td align="center"><font size="2" face="serif"><b>(732) 590-1600</b></font></td>
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<td align="center"><font size="2" face="serif">(Registrant&#8217;s telephone number, including area code)</font></td>
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<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="left"><font size="2" face="serif">ITEM 7.01.&nbsp;&nbsp;Regulation FD Disclosure<br><br>On March 31, 2006, the Company issued a press release announcing the completion a $10 million private placement of an aggregate of 6,666,667 shares of the Company&#8217;s common stock at a purchase price of $1.50 per share with its existing majority shareholders, SOFTBANK Asia Infrastructure Fund, L.P. (&#8220;SAIF&#8221;), an affiliate of SOFTBANK Corporation, and Venture Tech Assets Pvt. Ltd. (&#8220;Venture Tech&#8221;).  The press release is attached hereto as Exhibit 99 and incorporated by reference into this Item 7.01. The press release is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the
Company.</font></p>
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<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><font size="2" face="serif"><u>SIGNATURES</u></font></p>
<p align="left"><font size="2" face="serif">Pursuant to the requirements of Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
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  <td colspan="2" align="left"><font size="2" face="serif">INTELLIGROUP, INC.</font></td>
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  <td colspan="2" align="left"><font size="2" face="serif">By:&nbsp;&nbsp;<u>/s/ Madhu Poomalil</u></font></td>
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  <td align="left"><font size="2" face="serif">Name:</font></td>
  <td align="left"><font size="2" face="serif">Madhu Poomalil</font></td>
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  <td align="left"><font size="2" face="serif">Title:</font></td>
  <td align="left"><font size="2" face="serif">Chief Financial Officer</font></td>
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<p align="left"><font size="2" face="serif">Date: March 31, 2006</font></p>
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Prepared and filed by St Ives Financial
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
March 31, 2006
Intelligroup, Inc.
(Exact Name of Registrant as Specified in Charter)
New Jersey
0-20943
11-2880025
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
499 Thornall Street
Edison, New Jersey
08837
(Address of Principal Executive Offices)
(Zip Code)
(732) 590-1600
(Registrant's telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Back to Contents
ITEM 7.01.  Regulation FD Disclosure
On March 31, 2006, the Company issued a press release announcing the completion a $10 million private placement of an aggregate of 6,666,667 shares of the Company's common stock at a purchase price of $1.50 per share with its existing majority shareholders, SOFTBANK Asia Infrastructure Fund, L.P. ("SAIF"), an affiliate of SOFTBANK Corporation, and Venture Tech Assets Pvt. Ltd. ("Venture Tech").  The press release is attached hereto as Exhibit 99 and incorporated by reference into this Item 7.01. The press release is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the
Company.
Back to Contents
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
INTELLIGROUP, INC.
By:
/s/ Madhu Poomalil
Name:
Madhu Poomalil
Title:
Chief Financial Officer
Date: March 31, 2006