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.[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]

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
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