Firepro Systems (India)

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Firepro Systems, incorporated in 1992 by N S Narendra as a proprietorship, is a company that provides integrated solutions[ buzzword ] for fire protection, security and building management systems. The company went global early and used to get 25% of its revenues from overseas. [1] In 2008 when the real estate market suffered a setback, FirePro was affected. In 2011 the company ran into a financial crisis and was unable to pay some of its employees. [2] On 11 May 2012, Panasonic announced plans to acquire a 76.2% stake in the Rs. 700 crore Firepro Systems. [3] [4]

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<span class="mw-page-title-main">N. S. Narendra</span>

N S Narendra is the chairman and managing director of FirePro Systems. He founded Firepro in 1992 with the intent of providing a professional platform in the Fire Solutions and Security space. He is a first-generation entrepreneur and has scaled up Firepro Systems to a leadership position in the Fire Safety and Security industry in less than decades.

References

  1. "India's Hidden Gems". Forbes. Retrieved 11 April 2014.
  2. Tejaswi, Mini Joseph; Nambiar, Pranav (28 December 2011). "FirePro Systems facing financial crisis". Times Of India. Retrieved 25 November 2018 via Gadgets Now.
  3. "Panasonic acquires 76% stake in Firepro-Systems". Economoctimes.indiatimes.com. 11 May 2012. Retrieved 26 May 2012.
  4. Panasonic announces that it makes Firepro Systems Private Limited (India) its sub-subsidiary through Share Acquisition