The entitled technical subject in its comprehensive and broadly viewed study is presented by stating that the prevailing glass fiber–reinforced plastic composites play a vital role in replacing the metallic structures in automotive, aerospace, and marine applications and their more usage necessitates the better understanding of such structure’s damage and effective repair practices of the same. In the course of repairing the composite structures, optimum usage of patch material helps to maintain the original strength, eliminate “over design,” and reduce contribution to the substantial performance change of original structure. Optimum usage of repair material brings down the significant percentage of mass and repair cost. In order to apply the concept of optimum patch shapes over actual structures, it is important to design such effective shapes which are equivalent to the conventionally proven repair designs in strength perspective. This technical paper describes one of such ways to design the optimum patch shape using finite element analysis (FEA) tool and in comparison with one of the conventional repair practices, like circular patching, used circular, rectangular, square, elliptical and trapezoidal patch shapes, each of which has its own merits and demerits when compared to the other. But, none of them was arrived at in the perspective to use the minimum material to repair the damage. The object of this work is carried out in order to arrive at the optimum patch shape (minimum material in its in-plane direction) in repairing the damaged structure and it has been demonstrated using π/4 quasi-isotropic E-glass/epoxy specimen with hole using FEA. Moreover, the effectiveness of optimum patch shape design in “strength” and “load transfer efficiency” perspectives is experimentally proven and highlighted by the scope of repair material saving (36%) in repair practice by the usage of this optimized approach, as well.