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The National
9 hours ago
- Business
- The National
My Dubai Salary: ‘From an income of Dh1,200 in 1997, I now earn Dh55,000 running two businesses'
Moossa Alavi recalls from his childhood that his father always used to have up to Dh5,000 ($1,361) in his wallet, to sustain him during an emergency. That prudence guided Mr Alavi's outlook towards managing finances from a young age. Today, the Indian citizen runs two business in the UAE – a digital sign company and a digital transformation firm. Mr Alavi, 47, has invested in his businesses, stocks, property and gold, and aims to semi-retire in eight years, when he hopes to earn a monthly income of Dh100,000. He currently lives in his own property with his wife and four children in Dubai's Damac Hills 2. Mr Alavi, who comes from the southern Indian state of Kerala, has been in the UAE since 1997 and obtained his bachelor's degree in business administration from Jaipur National University. What was your first job and salary? My first job was in Abu Dhabi where I worked as an executive secretary to the chief executive of a group of companies. I earned a monthly salary of Dh1,200 in 1997. I worked with that company for 12 years. I then moved to Dubai and helped set up an advertising and printing company, but did not invest in it. I was a working partner and earned Dh25,000 a month by the time I left the role. I worked there for nearly eight years. Tell us about your current role. What is your income now? I currently run two business. One is Techbot Information Technology, a digital transformation company in Dubai, and the other is Altamyz Advertising, a sign manufacturer. I'm currently drawing a combined monthly income of about Dh50,000 to Dh55,000 from the two businesses. Do you manage to save? Yes, I save 60 per cent of my monthly income and reinvest in my businesses. Do you have any debt? When we run a business, we require cash and it needs to be utilised very well. When a loan is available on a low interest rate, I always opt for it. I also use three credit cards for my business and personal requirements to receive points and cash back. These are always paid back in full before the due date. I also have a mortgage. What are your major monthly expenses? My major monthly expenses are my kids' school fees, household costs and mortgage payment. How do you budget your income every month? I spend 40 per cent of my monthly income on my expenses, which add up to nearly Dh20,000 a month, and save the remaining 60 per cent. Of this, I spend between 10 per cent and 15 per cent on stocks, 10 per cent on gold and the remaining amount is reinvested into my businesses. When I earn a profit, I take it back from the businesses. What asset classes do you invest in? Apart from my businesses, I also invest in Shariah-complaint stocks of oil and gas, infrastructure and medical companies in the UAE and the US, real estate and gold. I haven't taken out money from my stock investments yet, I have only increased capital. Have you purchased property here or in your home country? Two years ago, I purchased the three-bedroom Damac Hills 2 villa I currently live for Dh1.8 million. I also own a land plot in Sharjah, which I may resell for a profit or build a factory. I own property and land in India, too. Have you started saving for retirement? My plan is to not retire from work completely. I aim to run my businesses without my involvement at the age of 55. Currently, my businesses are in autopilot mode since I am not too involved and delegate work to my managers and team members. I plan to monetise my investment in stocks and property to sustain my retirement life. Do you have an emergency fund? Yes, I have six months' worth of expenses in my emergency fund. What do you spend your disposable income on? My family and I love to travel, so we spend on that. I also like to reinvest in myself, for instance on learning, and I like exploring new technology tools. Have you ever inherited a sum of money? No, I am self-made and it's all my hard work. Growing up, were you taught how to handle your finances? I learnt about money management from my father, who worked in the UAE defence industry. Whenever I checked his purse, I always found between Dh3,000 and Dh5,000 in it. When I asked him about this, he said an emergency could happen at any time and he wanted to be ready to fly back. Even today, although we are three siblings, my father isn't financially dependent on us and he has created a fund to sustain himself. I learnt how to earn money, save and manage funds from my father. Do you worry about money? I used to worry about money earlier in my career when I was an employee. Now, I am not worried because I know how to use my funds and investments if something happens. What are your financial goals? Currently, I earn up to Dh55,000 from my two businesses. By the time I am 55, I want to be able to draw Dh100,000 a month. I plan to achieve this by increasing my business revenue and using my assets. What is your idea of financial freedom? I want to live life on my terms and not have to depend on anyone else for financial help. I have already achieved financial freedom, so whatever surplus money I have, I'm reinvesting it and planning to open a business-to-consumer venture. Both my current businesses are B2B. The reason why I want to start another business is to give back to my community by providing jobs.
Zawya
16-04-2025
- Business
- Zawya
Techbot ERP showcases industry-focused customization with Odoo 18 at Business Show UAE 2025
Dubai, UAE – At the recently concluded Business Show UAE 2025, held in Dubai on April 15, Techbot Information Technology LLC made a lasting impression as one of the leading partners of Odoo in the region. The event, which drew an audience of approximately 150 industry professionals, served as a dynamic platform to explore the future of enterprise technology, with Odoo 18 taking center stage. Odoo 18, the latest version of the all-in-one business management suite, was a major highlight of the event. With features spanning CRM, Accounting, Manufacturing, Inventory Management, and eCommerce, the software continues to set benchmarks in how businesses streamline and centralize their operations. Known for its modular design and user-friendly interface, Odoo 18 demonstrated how digital transformation can be made accessible and scalable for enterprises of all sizes. As a certified Odoo partner since 2020, Techbot ERP has built a strong reputation for delivering deeply customized solutions tailored to industry-specific challenges. With a focus on customization and industry-specific implementation, Techbot has emerged as a go-to partner for companies needing advanced Odoo implementations beyond the standard offering. Speaking at the event, Mr. Aadil Moosa, Business Development Manager at Techbot, shared his insights on the company's experience in implementing deeply customized Odoo solutions. ' When people think about customizing Odoo to fit niche industries, we want them to think of us,' said Aadil. 'Since becoming a partner in 2020 - right in the middle of the pandemic, we've dedicated ourselves entirely to Odoo. We believe in being masters of one rather than jacks of all.' Attendees at the event engaged in live demonstrations, case studies, and open Q&A sessions, gaining real-world insight into how Odoo 18 can be harnessed to drive operational efficiency, improve visibility, and support scalable growth. Techbot's session was particularly well-received for its clarity on how technology, when customized thoughtfully, can align seamlessly with complex business needs. Highlighting Techbot's approach to long-term client relationships, Mr. Aadil Moosa added ' Our work across specialized industries like supercar rental, insurance brokerage, manufacturing, and freight forwarding has shown us that off-the-shelf isn't always enough. What sets us apart is not just what we build, but how we support it. We've invested heavily in support infrastructure because we know that the last customer interaction matters, just as much - if not more - than the first.' As businesses across the UAE and wider region continue to embrace digital transformation, events like Business Show UAE 2025 highlight the crucial role that platforms like Odoo and partners like Techbot ERP play in shaping the next generation of enterprise operations. About Techbot Information Technology LLC Techbot Information Technology LLC is a leading Odoo implementation partner, providing custom ERP solutions for industries such as insurance, logistics, supercar rental, and manufacturing. With a focus on business automation and digital transformation, Techbot helps organizations optimize operations, reduce inefficiencies, and achieve seamless scalability. The company has successfully digitized over 50+ companies and 600+ users and continues to drive innovation in ERP solutions. About Sandstone Media: Sandstone Media is a forward-thinking PR, media solutions and communications agency based in the UAE that is committed to excellence and offers a spectrum of integrated services, including strategic communications, media solutions and digital innovation. Sandstone Media focuses on the transformative power of storytelling and dedicates its expert team to crafting narratives that resonate and captivate audiences. LinkedIn | Instagram | Website For media queries contact: Tahoora Momin
Zawya
09-04-2025
- Business
- Zawya
Techbot ERP to showcase cutting-edge Odoo 18 features at Business Show UAE 2025
Dubai, UAE – Techbot Information Technology LLC, a leading provider of enterprise management software solutions, is set to make a strong presence at the upcoming Business Show UAE 2025 on April 15, 2025, in Dubai. As one of the leading partners sponsoring the event, Techbot ERP will showcase the latest features of Odoo 18, the all-in-one business management software, through immersive, audience-driven demonstrations. With an expected attendance of 300-400 industry professionals, the event will set a platform for business networking, knowledge sharing, and exploring the future of enterprise automation. From Techbot ERP Mr. Aadil Moosa, Business Development Manager will be amongst the key speakers, representing the company. He will delve into showcasing key features of Odoo 18 and how it continues to transform the way businesses centralize and streamline their operations. The main highlight of Techbot's presence will be 'All Your Business in One Software', emphasizing the seamless integration, automation, and efficiency that Odoo 18 brings to enterprises of all sizes. Attendees will have the opportunity to experience firsthand the groundbreaking features of Odoo 18 through real-life business cases that illustrate its transformative power in solving everyday challenges. Topics covered will range from Manufacturing and Accounting to Inventory Management, Sales/CRM, and eCommerce, showcasing how Odoo 18 supports businesses in their journey toward digital transformation. Speaking about Techbot's participation, Aadil Moosa stated: 'At Techbot ERP, we are always at the forefront of enterprise automation, and our participation in Business Show UAE 2025 is a testament to our commitment. Odoo 18 is revolutionizing the way businesses manage their processes, and we are excited to showcase its innovative features to a dynamic audience.' Techbot ERP will focus on demonstrating the efficiency of Odoo 18, providing businesses with an exclusive insight into how they can leverage its latest advancements for growth and operational excellence. As one of the key sponsors, Techbot ERP aims to engage with business leaders, decision-makers, and technology enthusiasts, reinforcing its position as a pioneer in enterprise software solutions. Attendees will have the opportunity to engage with Odoo experts, connect with fellow professionals, and get their most pressing questions answered by industry specialists eager to share insights. About Techbot Information Technology LLC Techbot Information Technology LLC is a leading Odoo implementation partner, providing custom ERP solutions for industries such as insurance, logistics, supercar rental, and manufacturing. With a focus on business automation and digital transformation, Techbot helps organizations optimize operations, reduce inefficiencies, and achieve seamless scalability. The company has successfully digitized over 50+ companies and 600+ users and continues to drive innovation in ERP solutions. For more details about the event and to register, visit: About Sandstone Media: Sandstone Media is a forward-thinking PR, media solutions and communications agency based in the UAE that is committed to excellence and offers a spectrum of integrated services, including strategic communications, media solutions and digital innovation. Sandstone Media focuses on the transformative power of storytelling and dedicates its expert team to crafting narratives that resonate and captivate audiences. LinkedIn | Instagram | Website For media queries contact: Tahoora Momin |tahooramomin@
