N. S. Narendra Explained

N S Narendra
Birth Place:Coorg, Karnataka
Occupation:Founder of FirePro Systems
Alma Mater:University of Mysore
Nationality:Indian

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. 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 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]

Notes and References

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