Firoz Karumannil

A serial entrepreneur who ventures into the domains that are less explored. That is how Firoz Karumannil, known for his strategic and futuristic moves, would describe himself. When new possibilities emerge, he grabs the opportunity and takes the early-bird advantage, thanks to the sharp vision he has perfected over the years of his distinguished career. Travel with times, and a step ahead of the others, to prove your business acumen is his philosophy.
Firoz is the Co-founder and Group Director of iWire Group and partner in many other business ventures. He started his career with SDEM Emirates, a French entity operating in Ras Al Khaimah, in May, 1998. However, in September 1999, he left that job to advance his career. Soon Firoz began his stint with M/s United Arab Bank, as trainee clerk in its Ras Al Khaimah Branch. Over the period of the next 18+ years there, he served as Universal Teller, Cheque Clearing In-Charge, Operations Officer, Trade Finance Officer, Remittances Officer, Head of Clearing and finally as Credit Administrations Officer by the time he left that job to pursue fulltime entrepreneurship.

While he continued to be a banker, his dream was to be an innovative entrepreneur without copying the ideas of others.

Orient General Trading Ras Al Khaimah

– Executive Director

In 2003, he joined hands with his brother and they started a trading business, Orient General Trading, in a humble manner while continuing his job. This helped him strengthen his Read More
foothold in the business landscape of the United Arab Emirates as a successful entrepreneur, and as of now he is the Executive Director of the company.

iWire Consulting LLC
– Co-Founder & Group Director

That was the time when the information highway started creating new revolution and Firoz felt it is time to diversify and invest in Information Technology. Thus, in 2015, he joined Read More
a technology consulting company, iWire Consulting LLC, which supplies Wages Protection System (WPS) to leading banks and exchanges in the UAE as per UAE Central Bank guidance. He still continues to be the Co-Founder and Group Director here, though the business growth is on a slower pace compared to other ventures.

iWire Globat IoT Communications LTD
– Co-Founder & Group Director

Going global is every entrepreneur’s ultimate dream. So, he further strengthened his footprints in the effort of becoming a global leader in the field of IoT network and have Read More
signed with Sigfox for exclusive operator rights under the umbrella of iWire Global (a DIFC entity) for eight other countries – Kuwait, Bahrain, Saudi Arabia, India, Turkey, Jordan, Morocco and Tunisia. Further, iWire Global is in discussion with Sigfox to add two more countries, Bangladesh and Sri Lanka, and they have in principle reached an agreement. The legalization of the distribution agreement is on the way.His team has raised around $34Mio for this purpose under iWire Global from Abu Dhabi-based M/s Noor Capital (a UAE Central Bank regulated establishment), and expansion to other countries are also under process. Firoz is the Co-Founder and Group Director of this company.

International Promoters Association (IPA)
– Board of Director, Digital Transformations

Life is not just about doing business; it is also about socializing and meeting people. So, he has taken membership in International Promoters Association (IPA), one of the leading business Read More
platforms in the UAE, and has been actively involving in its programmes since 2019. He has been selected as Board of Director in this consortium, with the charge of managing IPA’s Digital Transformation initiatives. But the entrepreneur who successfully manages a perfect work-life balance would say he is still looking forward to new ventures.

Mars Engineering LLC Ras Al Khaimah
– Executive Director

By 2015, the construction industry was booming in Ras Al Khaimah and Firoz felt that time is ripe to expand his business presence. Thus, he along with a former colleague started a Read More
construction company, Mars Engineering LLC, which is one of the leading industrial construction companies in the Emirate of Ras Al Khaimah today. He holds the position of Executive Director here.

Mars Engineering LLC Ras Al Khaimah
– Executive Director

By 2015, the construction industry was booming in Ras Al Khaimah and Firoz felt that time is ripe to expand his business presence. Thus, he along with a former colleague started a Read More
construction company, Mars Engineering LLC, which is one of the leading industrial construction companies in the Emirate of Ras Al Khaimah today. He holds the position of Executive Director here.

iWire Connect LLC
– Co-Founder &Group Director

His dreams did not stop there and the entry into the IT industry gave him a new vigour, as he knew that was the future of the world. Thus, he along with his two business partners Read More
entered the world of Internet of Things (IoT) which is the fourth revolution on the Internet after the social media revolution. Though IoT was in the nascent stage, he was confident of its future and signed 15-year exclusive contract with M/s. Sigfox, ( www.sigfox.com ) a French entity and the world leader of IoT network, for creating a countrywide network in the UAE, parallel to the existing telecom network. An industry major, Sigfox has coverage in 80 countries globally.The business group has raised almost $7Mio investment through their local partner, Private Affairs Bureau (PAB), which is the Private office of Fujariah Ruler HH Sheikh Hamad bin Mohammed Al Sharqi. Also, PAB is an official partner in iWire Connect LLC, for its Opex and Capex. Firoz is the Co-Founder and Group Director position in this company too.

KEBCO Mart PVT LTD
– Borad of Directors, Strategies

A human being becomes more empathetic when he shares his success with others. So, he roped in some like-minded people and registered a Private Limited Company in India, Read More
Kebco Mart.Under this company there will be 140 B-class supermarkets in Kerala as well as the northern states of India. The first outlet will be inaugurated June 1, 2021. More than a business, this venture mainly aims to help Gulf returnees to get job, and local farmers to sell their product directly through these counters, thus creating many jobs locally. Firoz is Board of Director, Strategies at Kebco.

G8 Holding
– Managing Director

To have more flexibility for investment, and to accommodate similar mentality people most importantly be with the regulatory requirements, Firoz decided start a holding company, with his brother and Read More
6 friends, this will enable them to acquire Many more SME’s and to Take some equity stakes in large corporates, as a first step G8Holding acquired 50% stake in Quick Bake RAK Retail outlet (www.quickbakeuae.com) and started discussion with many more entities, such as agriculture farms and Ayurvedic Clinic etc

Gulf G4 Delivery Services
– Co-Founder, Executive Director

But the lure of new businesses kept on persuading him, as new possibilities emerged with the changing times. That was how, in 2015, he got attracted to e-commerce Read More
fleet/last-mile delivery services, and started Gulf G4 Delivery Services. The new avenue marked exponential growth, and as of now he has around 1,400 employees in this business, which has annual revenue of AED 80Mio. He is the Co-Founder and Executive Director of this entity, which is on a new growth trajectory. Business expansion is still part of his mindset, and the mantra that propels his business dreams.

Gulf G4 Delivery Services
– Co-Founder & Executive Director

But the lure of new businesses kept on persuading him, as new possibilities emerged with the changing times. That was how, in 2015, he got attracted to e-commerce Read More

iWire Technologies LLC
– Co-Founder & Group Director

Firoz was sure that in the days to come IoT ecosystem would rule the world, and found a big opportunity there in developing a network connecting devices, which is IoT all Read More
about. To have such network to collect data remotely was not possible prior to the specific network of IoT, which is Low Power Wide Area (LPWA). Thus he started a system integration company, and began designing specific devices to become the OEM in India, Taiwan and China. As of now, almost 30 devices are under process, which include Connected Staff ID, Asset Tracking, Parking, Fire Safety, Smart Watch, Water Meter and Gas Meter Devices. In iWire Technologies also he holds the position of Co-Founder and Group Director.

Charge N’ Go
– Borad of Directors, Strategies

In the tech-driven new area, the Electrical Vehicle sector will be the in-thing and a multibillion business. To tap that potential, Firoz decided to enter electrical charging station Read More
business, and started a company in India, which plans to open and operate 100s of charging stations initially in south India and later in other parts of the country. Charge N’ Go will have four charging stations in Kerala by the end of 2021. The facility will have food court, rest area, supermarket, coffee shops, retails outlets chain and a car wash station apart from the charging points. The entire facility will run on solar energy, as part of its ‘go green’ concept. Here also, he is Board of Director, Strategies.

Firoz Karumannil

Firoz Karumannil

While he continued to be a banker, his dream was to be an innovative entrepreneur without copying the ideas of others.

Orient General Trading Ras Al Khaimah – Executive Director

iWire Consulting LLC – Co-Founder & Group Director

iWire Globat IoT Communications LTD – Co-Founder & Group Director

International Promoters Association (IPA) – Board of Director, Digital Transformations

Mars Engineering LLC Ras Al Khaimah – Executive Director

Mars Engineering LLC Ras Al Khaimah – Executive Director

iWire Connect LLC – Co-Founder &Group Director

KEBCO Mart PVT LTD – Borad of Directors, Strategies

G8 Holding – Managing Director

Gulf G4 Delivery Services – Co-Founder, Executive Director

Gulf G4 Delivery Services – Co-Founder & Executive Director

iWire Technologies LLC – Co-Founder & Group Director

Charge N’ Go – Borad of Directors, Strategies

Orient General Trading Ras Al Khaimah

– Executive Director

iWire Consulting LLC
– Co-Founder & Group Director

iWire Globat IoT Communications LTD
– Co-Founder & Group Director

International Promoters Association (IPA)
– Board of Director, Digital Transformations

Mars Engineering LLC Ras Al Khaimah
– Executive Director

Mars Engineering LLC Ras Al Khaimah
– Executive Director

iWire Connect LLC
– Co-Founder &Group Director

KEBCO Mart PVT LTD
– Borad of Directors, Strategies

G8 Holding
– Managing Director

Gulf G4 Delivery Services
– Co-Founder, Executive Director

Gulf G4 Delivery Services
– Co-Founder & Executive Director

iWire Technologies LLC
– Co-Founder & Group Director

Charge N’ Go
– Borad of Directors, Strategies