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. 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. 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 May 11, 2012, Panasonic announced plans to acquire a 76.2% stake in the Rs. 700 crore Firepro Systems.