N. S. Narendra

Last updated

N S Narendra
N S Narendra .jpg
Born
Coorg, Karnataka
Nationality Indian
Alma mater University of Mysore
Occupation Founder of FirePro Systems

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[ buzzword ] and Security space. [1] 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. [1]

Contents

Early life

Narendra's father was an engineer in the KEB. [2] Narendra was an Electronics engineering graduate from Mysore University's National Institute of Engineering in the year 1990, specialising in electronics. [1] [2] Narendra had been selected to join the army but he chose not to join at the last moment. [2] [3]

FirePro

Firepro is a company that has been providing integrated solutions[ buzzword ] for fire protection, security and building management systems. It takes an integrated approach towards providing fire protection and security and was catering to a fast-moving construction industry. [4] Narendra says, "I started with just Rs 10,000 which were my savings. It was just less money and a lot of ambition." [5]

In 2008 when the real estate market suffered a setback, FirePro was affected. But in 2011, with N.S. Narendra as the chairman of Firepro Systems, the company became a leader in its sector. It had 1,300 employees and a business of Rs. 700 crore. [2] The company went global early and used to get 25% of its revenues from overseas. [6] However that same year, the company ran into a financial crisis and was unable to pay some of its employees. [7] On 11 May 2012, Panasonic announced plans to acquire a 76.2% stake in Firepro Systems. [8] Ever since Firepro is a part of Panasonic Corporation, Japan. [1]

Related Research Articles

<span class="mw-page-title-main">Panasonic</span> Japanese multinational electronics corporation

Panasonic Holdings Corporation is a Japanese multinational electronics company, headquartered in Kadoma, Osaka, Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in Fukushima, Osaka by Kōnosuke Matsushita. In 1935, it was incorporated and renamed Matsushita Electric Industrial Co., Ltd. In 2008, it changed its name to Panasonic Corporation. In 2022, it became a holding company and was renamed.

<span class="mw-page-title-main">Sanyo</span> Japanese electronics company

Sanyo Electric Co., Ltd. is a Japanese electronics manufacturer founded in 1947 by Toshio Iue, the brother-in-law of Kōnosuke Matsushita, the founder of Matsushita Electric Industrial, now known as Panasonic. Iue left Matsushita Electric to start his own business, acquiring some of its equipment to produce bicycle generator lamps. In 1950, the company was established. Sanyo began to diversify in the 1960s, having launched Japan's first spray-type washing machine in 1953. In the 2000s, it was known as one of the 3S along with Sony and Sharp. Sanyo also focused on solar cell and lithium battery businesses. In 1992, it developed the world's first hybrid solar cell, and in 2002, it had a 41% share of the global lithium-ion battery market. In its heyday in 2003, Sanyo had sales of about ¥2.5 trillion. However, it fell into a financial crisis as a result of its huge investment in the semiconductor business. In 2009, Sanyo was acquired by Panasonic, and in 2011, it was fully consolidated into Panasonic and its brand disappeared. The company still exists as a legal entity for the purpose of winding up its affairs.

<span class="mw-page-title-main">Codan</span> Australian electronics company

Codan Limited is a manufacturer and supplier of communications, metal detection, and mining technology, headquartered in Adelaide, South Australia with revenue of A$348.0 million (2020).

<span class="mw-page-title-main">HID Global</span> American manufacturer

HID Global Corporation is an American manufacturer of secure identity products. The company is an subsidiary of Assa Abloy, a multinational door and access control conglomerate. Björn Lidefelt was appointed CEO on 27 January 2020. He succeeded Stefan Widing, who led HID Global for over four years.

<span class="mw-page-title-main">Infosys BPM</span> Company subsidiary

Infosys BPM, the business process management subsidiary of Infosys, was set up in April 2002. Infosys BPM provides integrated outsourcing and transformation services. It is headquartered in Bengaluru, India.

<span class="mw-page-title-main">SELEX Sistemi Integrati</span>

SELEX Sistemi Integrati S.p.A. was an aerospace, defence and security-related electronics manufacturing company headquartered in Rome, Italy, and a wholly owned subsidiary of Finmeccanica. It designed and developed systems for homeland security; systems and radar sensors for air defence, battlefield management, naval warfare, coastal and maritime surveillance; air traffic control; and turn-key airport solutions. The company had around 4,500 employees. On 1 January 2013, it merged with its sister companies SELEX Galileo and SELEX Elsag to form Selex ES.

<span class="mw-page-title-main">Amadeus IT Group</span> Spanish travel technology company

Amadeus IT Group, S.A. is a major Spanish multinational technology company that provides software for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses.

<span class="mw-page-title-main">First International Computer</span> Taiwanese company

First International Computer, Inc. is a Taiwanese original equipment manufacturer and system integrator for automotive electronics and smart building controls. FIC provides design consultancy and supply chain management services for automotive electronic suppliers worldwide.

<span class="mw-page-title-main">Wipro</span> Multinational IT services and consulting company

Wipro Limited is an Indian multinational technology company based in Bangalore, Karnataka. It provides information technology, consulting and business process services. It is one of the six leading Indian Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technologies, servicing customers in 167 countries.

SIS Group Enterprise (formerly Security and Intelligence Services (India)) is a private security firm in India, Australia and New Zealand. It was set up in 1985 by Ravindra Kishore Sinha who is an Indian billionaire businessman and journalist. which is now led by his son Rituraj Sinha as Group Managing Director. SIS Group is one of the largest manpower security firms in the Indo-Pacific region with sales in excess of ₹8,500 crore (FY2020). The company offers Security, Cash Logistics, and Facility Management Services in India, Australia, and a few Asia-Pacific regions. Currently, Ravindra Kishore Sinha is the Chairman and Rituraj Kishore Sinha is the group managing director of the SIS Ltd.

<span class="mw-page-title-main">Murugappa Group</span> Indian conglomerate

Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. The Group has 29 businesses including 10 companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal, Cholamandalam Financial Holdings, Cholamandalam Investment and Finance, Cholamandalam MS General Insurance, Coromandel International, EID Parry, Parry Agro Industries, Shanthi Gears, Tube Investments of India, Wendt (India), and CG Power and Industrial Solutions.

Mircom Technologies Ltd. is a manufacturer and distributor of life safety and communications systems including fire detection & alarm, voice evacuation, controlled access and security solutions. The company is headquartered in Vaughan, Ontario, Canada.

CS Group, initially known as Communication & Systèmes (CS), is a French information-technology service company listed on the Paris Bourse as a member of the CAC Small index. The company designs information systems, develops and integrates software, manages projects and deploys industrial applications. Apart from that, it provides science, technology, and consulting services. CS Group is the French leader in air traffic control, the third-biggest supplier of traffic-management systems in the world and provides information technology consulting services.

D&H Distributing is a privately held North American technology distributor to the information technology (IT) and consumer electronics supply channels, founded in 1918 in Williamsport, Pennsylvania. Currently headquartered in Harrisburg, Pennsylvania, the company distributes IT products, including server, storage and networking solutions, consumer electronics, videogaming, home networking, housewares, and sports and recreation products with a focus on resellers selling to small business (SMB) technology customers. These products are distributed via six locations throughout the U.S. and Canada. The company's customer base consists of computer resellers, integrators, retailers, etailers and consumer electronics dealers. The majority of D&H's SMB and mid-market reseller customer base sells to regional offices in vertical markets, such as healthcare, education, real estate, advertising, and finance.

Firepro Systems, incorporated in 1992 by N S Narendra as a proprietorship, is a company that provides integrated solutions for fire protection, security, and building management systems. The company went global early and used to get 25% of its revenues from overseas. 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. On 11 May 2012, Panasonic announced plans to acquire a 76.2% stake in the Rs. 700 crore Firepro Systems.

<span class="mw-page-title-main">Edelweiss Group</span> Indian investment and financial services company

Edelweiss Group is an investment and financial services company based in Mumbai. It was co-founded by Rashesh Shah and Venkat Ramaswamy.

Varroc is an Indian multinational automotive component manufacturer and supplier of exterior lighting systems, powertrains, electrical and electronics, body and chassis parts to passenger car and motorcycle segments. The company was founded by Tarang Jain in 1990 and is currently headquartered at Aurangabad in Maharashtra, with 35 manufacturing facilities and 11 engineering centres in 10 countries across three continents.

<span class="mw-page-title-main">Coforge</span> Indian multinational technology company

Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company based in Noida, India and New Jersey, United States. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.

Dixon Technologies is an Indian multinational electronics manufacturing services company, based in Noida. It is a contract manufacturer of televisions, washing machines, smartphones, LED bulbs, battens, downlighters and CCTV security systems for companies such as Samsung, Xiaomi, Panasonic and Philips. It has 17 manufacturing units in India. The company is listed on BSE and NSE since its initial public offering in 2017.

References

  1. 1 2 3 4 Narendra, N S. "N. S. Narendra" . Retrieved 11 April 2014.
  2. 1 2 3 4 "N.S. Narendra: The Fire Fighter". Forbes India. Retrieved 11 April 2014.
  3. "All fired up about his next move" . Retrieved 11 April 2014.
  4. "About Us". FirePro. Retrieved 11 April 2014.
  5. Bagchi, Subroto (15 December 2013). Zen Garden: Conversations with Pathmakers. UK: Penguin. ISBN   9789351185741 . Retrieved 11 May 2014.
  6. "India's Hidden Gems". Forbes. Retrieved 11 April 2014.
  7. "FirePro Systems facing financial crisis". Times Of India. Retrieved 11 April 2014.
  8. "Panasonic acquires 76% stake in Firepro-Systems". Economoctimes.indiatimes.com. 11 May 2012. Retrieved 26 May 2012.