Firepro Systems (India)

Incorporated in 1992, by N S Narendra as a proprietorship, Firepro is a company that has been providing integrated solutions for fire protection, security and building management systems.[1] It takes an integrated approach towards providing fire protection and security and was catering to a fast-moving construction industry. The company went global early and used to get 25% of its revenues from overseas.[2] 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.[3] On May 11, 2012, Panasonic announced plans to acquire a 76.2% stake in the Rs. 700 crore Firepro Systems.[4][5]

References

  1. ↑ "About Us". FirePro. Retrieved 11 April 2014.
  2. ↑ "India's Hidden Gems". Forbes. Retrieved 11 April 2014.
  3. ↑ "FirePro Systems facing financial crisis". Times Of India. Retrieved 11 April 2014.
  4. ↑ "Panasonic acquires 76% stake in Firepro-Systems". Economoctimes.indiatimes.com. May 11, 2012. Retrieved May 26, 2012.
  5. ↑ Panasonic announces that it makes Firepro Systems Private Limited (India) its sub-subsidiary through Share Acquisition
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