N. S. Narendra

N S Narendra
Born Coorg, Karnataka
Residence Bangalore, India
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 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]

Early life

Narendra's father was an engineer in the KEB.[2] Narendra was an Electronics engineering graduate from Mysore Universitys National Institute of Engineering in the year 1990, who specialised in electronics.[1][2] Narendra had been selected to join the army but he chose not to join at the last moment.[2] He worked with Steel Age Industries for two years in the Minimax division, which was into fire protection—it is now a part of a global conglomerate called Bunevo.[3] After he quit, he started his own company in December 1992.[3] It was registered as just Firepro because at that point in time, it was a proprietorship company.[3]

FirePro

Firepro is a company that has been providing integrated solutions 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 May 11, 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]

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. 1 2 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. 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. May 11, 2012. Retrieved May 26, 2012.
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