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Moser Baer

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uuid000c77w

Namestring
Moser Baer
Legal namestring
Moser Baer
Websiteurl
moserbaer.com
Company typeenum
Private
Founded yearint
1983
Descriptiontext

Moser Baer is a digital storage media brand currently operated under license by Vinpower, Inc. following the 2020 acquisition. The company manufactures and distributes recordable optical discs (CD-R, DVD-R, Blu-ray BD-R) and flash media products (USB drives, SD/MicroSD cards, SSDs), serving both professional-grade media users (audio/video production, archival, enterprise storage) and price-sensitive consumer-grade buyers. The product lines include the authentic Moser Baer Media Identification Code (MID) on optical discs and flash media that has been subject to rigorous quality control testing. Products are sold globally through wholesale distribution channels and the moserbaer.com e-commerce site.

The original Moser Baer was founded in New Delhi in 1983, initially producing Time Recorder units before pivoting to floppy disks in 1985, optical discs in 1999, Blu-ray in 2007, and later adding solar panels and LED lighting. The historical entity became the world's second-largest optical disc manufacturer, exporting approximately 85% of production to over 100 countries, and was listed among Indian technology companies of significant scale. A 2016 partnership with NAND flash controller supplier Phison Electronics expanded the flash media portfolio. The original company entered bankruptcy and was ordered liquidated on September 20, 2018.

The current revenue model combines hardware sales of optical and flash storage products with brand licensing arrangements under Vinpower's ownership. The go-to-market motion is primarily OEM-embedded, with products distributed globally under the Moser Baer branding through Vinpower's established distribution infrastructure, supplemented by direct online sales through the company website. Customer concentration is split across a horizontal segmentation between professional and consumer segments, with no disclosed anchor enterprise customers. There are no publicly disclosed pricing models, revenue figures, or certifications in the available data.

Short descriptiontext

Moser Baer is a digital storage media brand manufacturing recordable optical discs (CD-R, DVD-R, Blu-ray) and flash media (USB, SD/MicroSD, SSD) for professional and consumer buyers worldwide. The brand is currently operated by Vinpower, Inc. following a 2020 acquisition, with products distributed globally through wholesale and e-commerce channels.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
optical storage media, flash memory products, recordable discs, digital storage media, LED lighting products
Industry4 codes
1Optical Media & Drives (CD/DVD/Blu-ray)
CodeHDACAIAEPrimaryYes
2Legacy Removable Media (Floppy/Zip/Jaz)
CodeHDACAIAKPrimaryNo
3Memory Cards (SD/microSD/CFexpress)
CodeHDACAIADPrimaryNo
4Internal Storage Components (SSD/HDD, M.2, controllers)
CodeHDACAGAHPrimaryNo
NAICS code2 codes
  • Manufacturing and Reproducing Magnetic and Optical Media33461
  • Computer Storage Device Manufacturing334112
SIC code2 codes
  • Magnetic & Optical Recording Media3695
  • Computer Storage Devices3572
Product category
Digital Storage Media
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Optical Disc Sales
TypeHardware Sales
Description

Sale of recordable optical media including CD-Rs, DVD recordables, and Blu-ray discs (BD-R). The company was historically the second largest global optical disc manufacturer.

moserbaer.com
2Flash Media Sales
TypeHardware Sales
Description

Sale of flash media products including USB drives, SD/MicroSD cards, and SSDs. The flash media offerings were expanded in 2016 through partnership with Phison Electronics.

moserbaer.com
3LED Lighting Products
TypeHardware Sales
Description

Production and sale of LED lighting for both professional and consumer installation, diversifying the product portfolio beyond storage media.

moserbaer.com
4Solar Panel Manufacturing
TypeHardware Sales
Description

Manufacturing of solar panels initiated in 2007 as part of product portfolio diversification.

moserbaer.com
5Brand Licensing
TypeLicensing Royalties
Description

Following acquisition by Vinpower in 2020, the Moser Baer brand is licensed for use on digital storage products produced by Vinpower globally.

moserbaer.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Moser Baer manufactures and sells digital storage media, primarily recordable optical discs (CD-Rs, DVD recordables, Blu-ray BD-R) and flash media products (USB drives, SD/MicroSD cards, SSDs). The company also previously produced LED lighting and solar panels. Following Vinpower's 2020 acquisition, products are offered globally in both professional-grade and consumer-grade lines under the Moser Baer brand.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Moser Baer is a digital storage media manufacturer that produces optical discs (CD-Rs, DVD recordables, and Blu-ray discs) and flash media products (USB, SD/MicroSD cards, and SSDs). Originally founded in 1983 as a Time Recorder manufacturer, it pivoted to data storage in 1985 and became the second largest global optical disc manufacturer. After bankruptcy and liquidation in 2018, Vinpower acquired the brand in 2020 and now produces both professional-grade and consumer-grade digital storage media under the Moser Baer name. The company also previously offered LED lighting and solar panels as part of its diversified portfolio.

Product and service4 records
1Optical Storage Media
CategoryOptical Storage Media
Description

Recordable optical discs including CDs (CD-Rs), DVDs (DVD recordables), and Blu-ray discs (BD-R) for data storage and media playback, offered in both professional-grade and consumer-grade lines with authentic Moser Baer Media Identification Code (MID).

2Flash Drive
CategoryFlash Memory Storage
Description

Flash media storage products including USB drives, SD/MicroSD cards, and SSDs for portable and high-speed data storage, extensively tested through rigorous quality control processes.

3LED Lighting
CategoryLED Lighting
Description

LED lighting products manufactured for both professional and consumer installation, introduced in 2007 to diversify the company's portfolio beyond storage media.

4Solar Panels
CategorySolar Energy
Description

Solar panels manufactured and sold as part of strategic product portfolio diversification initiated in 2007.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2020-01-01
Description

In 2020, Vinpower, Inc. acquired and took over full production of the most common slate of Moser Baer media commodities, primarily optical discs and flash media. Vinpower leveraged the global brand recognition of Moser Baer to fulfill market demand for both high-quality professional grade media and affordable consumer grade options. Products are now available globally under the Moser Baer branding.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2016-01-01
Description

In 2016, Moser Baer partnered with NAND flash device controller supplier Phison Electronics to expand its flash media offerings. This partnership enabled the company to enhance its USB, SD/MicroSD, and SSD product lines with quality flash controller technology.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Verbatim (Mitsubishi Chemical/MCC-owned) is a global optical storage media brand offering CD-R, DVD-R, and Blu-ray recordable discs alongside flash media — directly overlapping Moser Baer's core product portfolio and serving the same professional and consumer archive markets.

TypeDirect peer
Description

CMC Magnetics is the world's largest optical disc manufacturer (CD/DVD/Blu-ray) and one of the primary Asian low-cost producers competing directly with Moser Baer's optical disc lines across professional and consumer segments.

TypeDirect peer
Description

RITEK is a major Taiwanese optical disc manufacturer (Ridata brand) producing recordable CD/DVD/Blu-ray media globally — directly competing with Moser Baer in both branded and OEM optical media supply.

TypeDirect peer
Description

Taiyo Yuden is a Japanese optical media manufacturer specializing in high-grade recordable CDs, DVDs, and Blu-ray discs — competing with Moser Baer's professional-grade optical media tier in archival and professional applications.

TypeDirect peer
Description

Maxell manufactures optical discs, tapes, and flash storage products under a global brand — overlapping Moser Baer's optical disc and removable media portfolio and serving similar professional/consumer archive segments.

TypeBroad incumbent
Description

Sony manufactures branded optical media (Blu-ray recordable discs) as part of a broader electronics and media portfolio — a broad incumbent that overlaps with Moser Baer's Blu-ray disc offering through a wider consumer electronics footprint.

TypeBroad incumbent
Description

Philips is a broad incumbent brand in optical media and storage, often licensing its name to third-party manufacturers — analogous to Moser Baer's brand-licensing model under Vinpower and overlapping in professional optical disc markets.

TypeDirect peer
Description

Kingston is a global leader in USB flash drives, SD cards, and SSD products — directly competing with Moser Baer's flash media lines enabled by the Phison controller partnership.

TypeBroad incumbent
Description

SanDisk, now part of Western Digital, is a leading global flash memory brand for SD cards, USB drives, and SSDs — a broader incumbent whose flash media catalog directly overlaps Moser Baer's USB/SD/SSD portfolio.

TypeBroad incumbent
Description

Samsung Memory produces NAND flash and SSDs (including SD/microSD cards under the EVO/Pro lines) — a broad incumbent whose flash storage portfolio competes with Moser Baer's USB, SD, and SSD product lines in both consumer and enterprise segments.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment4 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Moser Baer

Digital Storage Mediamoserbaer.com

Moser Baer is a digital storage media brand manufacturing recordable optical discs (CD-R, DVD-R, Blu-ray) and flash media (USB, SD/MicroSD, SSD) for professional and consumer buyers worldwide. The brand is currently operated by Vinpower, Inc. following a 2020 acquisition, with products distributed globally through wholesale and e-commerce channels.

What Moser Baer does

Moser Baer is a digital storage media brand currently operated under license by Vinpower, Inc. following the 2020 acquisition. The company manufactures and distributes recordable optical discs (CD-R, DVD-R, Blu-ray BD-R) and flash media products (USB drives, SD/MicroSD cards, SSDs), serving both professional-grade media users (audio/video production, archival, enterprise storage) and price-sensitive consumer-grade buyers. The product lines include the authentic Moser Baer Media Identification Code (MID) on optical discs and flash media that has been subject to rigorous quality control testing. Products are sold globally through wholesale distribution channels and the moserbaer.com e-commerce site.

The original Moser Baer was founded in New Delhi in 1983, initially producing Time Recorder units before pivoting to floppy disks in 1985, optical discs in 1999, Blu-ray in 2007, and later adding solar panels and LED lighting. The historical entity became the world's second-largest optical disc manufacturer, exporting approximately 85% of production to over 100 countries, and was listed among Indian technology companies of significant scale. A 2016 partnership with NAND flash controller supplier Phison Electronics expanded the flash media portfolio. The original company entered bankruptcy and was ordered liquidated on September 20, 2018.

The current revenue model combines hardware sales of optical and flash storage products with brand licensing arrangements under Vinpower's ownership. The go-to-market motion is primarily OEM-embedded, with products distributed globally under the Moser Baer branding through Vinpower's established distribution infrastructure, supplemented by direct online sales through the company website. Customer concentration is split across a horizontal segmentation between professional and consumer segments, with no disclosed anchor enterprise customers. There are no publicly disclosed pricing models, revenue figures, or certifications in the available data.

Moser Baer firmographics

Firmographics
Name
Moser Baer
Legal name
Moser Baer
Website
https://moserbaer.com
Company type
Private
Founded year
1983
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Moser Baer is a digital storage media brand manufacturing recordable optical discs (CD-R, DVD-R, Blu-ray) and flash media (USB, SD/MicroSD, SSD) for professional and consumer buyers worldwide. The brand is currently operated by Vinpower, Inc. following a 2020 acquisition, with products distributed globally through wholesale and e-commerce channels.
Ownership category
akta.pro rank

Moser Baer industry classification

Industry
Product category
Digital Storage Media
NAICS
Manufacturing and Reproducing Magnetic and Optical Media (33461), Computer Storage Device Manufacturing (334112)
SIC
Magnetic & Optical Recording Media (3695), Computer Storage Devices (3572)
akta.pro primary industry
Optical Media & Drives (CD/DVD/Blu-ray) (HDACAIAE)
akta.pro secondary industries
Legacy Removable Media (Floppy/Zip/Jaz) (HDACAIAK), Memory Cards (SD/microSD/CFexpress) (HDACAIAD), Internal Storage Components (SSD/HDD, M.2, controllers) (HDACAGAH)

Keywords

  • Optical storage media
  • Flash memory products
  • Recordable discs
  • Digital storage media
  • LED lighting products

Where Moser Baer is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Moser Baer business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Optical Disc Sales: Sale of recordable optical media including CD-Rs, DVD recordables, and Blu-ray discs (BD-R). The company was historically the second largest global optical disc manufacturer.
  2. Flash Media Sales: Sale of flash media products including USB drives, SD/MicroSD cards, and SSDs. The flash media offerings were expanded in 2016 through partnership with Phison Electronics.
  3. LED Lighting Products: Production and sale of LED lighting for both professional and consumer installation, diversifying the product portfolio beyond storage media.
  4. Solar Panel Manufacturing: Manufacturing of solar panels initiated in 2007 as part of product portfolio diversification.
  5. Brand Licensing: Following acquisition by Vinpower in 2020, the Moser Baer brand is licensed for use on digital storage products produced by Vinpower globally.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Moser Baer product offering

Product offering

Core offering

Moser Baer manufactures and sells digital storage media, primarily recordable optical discs (CD-Rs, DVD recordables, Blu-ray BD-R) and flash media products (USB drives, SD/MicroSD cards, SSDs). The company also previously produced LED lighting and solar panels. Following Vinpower's 2020 acquisition, products are offered globally in both professional-grade and consumer-grade lines under the Moser Baer brand.

Product overview

Moser Baer is a digital storage media manufacturer that produces optical discs (CD-Rs, DVD recordables, and Blu-ray discs) and flash media products (USB, SD/MicroSD cards, and SSDs). Originally founded in 1983 as a Time Recorder manufacturer, it pivoted to data storage in 1985 and became the second largest global optical disc manufacturer. After bankruptcy and liquidation in 2018, Vinpower acquired the brand in 2020 and now produces both professional-grade and consumer-grade digital storage media under the Moser Baer name. The company also previously offered LED lighting and solar panels as part of its diversified portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

  • Optical Storage Media Recordable optical discs including CDs (CD-Rs), DVDs (DVD recordables), and Blu-ray discs (BD-R) for data storage and media playback, offered in both professional-grade and consumer-grade lines with authentic Moser Baer Media Identification Code (MID).
  • Flash Drive Flash media storage products including USB drives, SD/MicroSD cards, and SSDs for portable and high-speed data storage, extensively tested through rigorous quality control processes.
  • LED Lighting LED lighting products manufactured for both professional and consumer installation, introduced in 2007 to diversify the company's portfolio beyond storage media.
  • Solar Panels Solar panels manufactured and sold as part of strategic product portfolio diversification initiated in 2007.

Companies that use Moser Baer

Customer profile

Segments2 records

Ideal customer profiles2 records

Moser Baer technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Moser Baer partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • Vinpower, Inc.coreOEM/ Whitelabel/ Licensing Partner · 1 January 2020In 2020, Vinpower, Inc. acquired and took over full production of the most common slate of Moser Baer media commodities, primarily optical discs and flash media. Vinpower leveraged the global brand recognition of Moser Baer to fulfill market demand for both high-quality professional grade media and affordable consumer grade options. Products are now available globally under the Moser Baer branding.
  • Phison ElectronicscoreTechnology or Integration · 1 January 2016In 2016, Moser Baer partnered with NAND flash device controller supplier Phison Electronics to expand its flash media offerings. This partnership enabled the company to enhance its USB, SD/MicroSD, and SSD product lines with quality flash controller technology.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Moser Baer competitors and assessment

Company assessment

Direct peers

  • Verbatim: Verbatim (Mitsubishi Chemical/MCC-owned) is a global optical storage media brand offering CD-R, DVD-R, and Blu-ray recordable discs alongside flash media — directly overlapping Moser Baer's core product portfolio and serving the same professional and consumer archive markets.
  • CMC Magnetics: CMC Magnetics is the world's largest optical disc manufacturer (CD/DVD/Blu-ray) and one of the primary Asian low-cost producers competing directly with Moser Baer's optical disc lines across professional and consumer segments.
  • RITEK Corporation: RITEK is a major Taiwanese optical disc manufacturer (Ridata brand) producing recordable CD/DVD/Blu-ray media globally — directly competing with Moser Baer in both branded and OEM optical media supply.
  • Taiyo Yuden: Taiyo Yuden is a Japanese optical media manufacturer specializing in high-grade recordable CDs, DVDs, and Blu-ray discs — competing with Moser Baer's professional-grade optical media tier in archival and professional applications.
  • Maxell: Maxell manufactures optical discs, tapes, and flash storage products under a global brand — overlapping Moser Baer's optical disc and removable media portfolio and serving similar professional/consumer archive segments.
  • Kingston Technology: Kingston is a global leader in USB flash drives, SD cards, and SSD products — directly competing with Moser Baer's flash media lines enabled by the Phison controller partnership.

Broad incumbents

  • Sony Storage Media: Sony manufactures branded optical media (Blu-ray recordable discs) as part of a broader electronics and media portfolio — a broad incumbent that overlaps with Moser Baer's Blu-ray disc offering through a wider consumer electronics footprint.
  • Philips Storage: Philips is a broad incumbent brand in optical media and storage, often licensing its name to third-party manufacturers — analogous to Moser Baer's brand-licensing model under Vinpower and overlapping in professional optical disc markets.
  • SanDisk (Western Digital): SanDisk, now part of Western Digital, is a leading global flash memory brand for SD cards, USB drives, and SSDs — a broader incumbent whose flash media catalog directly overlaps Moser Baer's USB/SD/SSD portfolio.
  • Samsung Memory: Samsung Memory produces NAND flash and SSDs (including SD/microSD cards under the EVO/Pro lines) — a broad incumbent whose flash storage portfolio competes with Moser Baer's USB, SD, and SSD product lines in both consumer and enterprise segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Moser Baer social profiles

Digital presence

Moser Baer financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Moser Baer leadership team

Management profile

Number of profiles

Moser Baer funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Moser Baer M&A and investment

M&A and investment

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moser Baer

What does Moser Baer do?

Moser Baer manufactures and sells digital storage media, primarily recordable optical discs (CD-Rs, DVD recordables, Blu-ray BD-R) and flash media products (USB drives, SD/MicroSD cards, SSDs). The company also previously produced LED lighting and solar panels. Following Vinpower's 2020 acquisition, products are offered globally in both professional-grade and consumer-grade lines under the Moser Baer brand.

Is Moser Baer a public or private company?

Moser Baer is a private company. It is classified as corporate owned and is currently operating.

When was Moser Baer founded?

Moser Baer was founded in 1983. It employs 1,001 to 5,000 people.

Where is Moser Baer based?

Moser Baer is headquartered in New Delhi, India, in the Asia region.

How does Moser Baer make money?

Five revenue lines are on record. Optical Disc Sales are the primary driver. The others are flash Media Sales, LED Lighting Products, solar Panel Manufacturing and brand Licensing.

Who are Moser Baer's main competitors?

Direct peers on record are Verbatim, CMC Magnetics, RITEK Corporation, Taiyo Yuden, Maxell and Kingston Technology. Broad incumbents are Sony Storage Media, Philips Storage, SanDisk (Western Digital) and Samsung Memory.

Does Moser Baer have an API?

No public API is recorded for Moser Baer.

What industry is Moser Baer in?

Moser Baer's product category is Digital Storage Media. Its primary akta.pro industry code is HDACAIAE, Optical Media & Drives (CD/DVD/Blu-ray), with a secondary code of HDACAIAK, Legacy Removable Media (Floppy/Zip/Jaz). Its NAICS code is 33461 and its SIC code is 3695.

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Live signals
The Times of IndiaPNB invites bids from ARCs for stressed assetsState-run Punjab National Bank has invited expressions of interest from asset reconstruction companies (ARCs) to sell stressed corporate loans worth Rs 2,560 crore through a Swiss auction process, with bids due January 3. The sale includes major exposures to Millennium Expressway (Rs 468 crore), Aban Offshore (Rs 390 crore), Gupta Power and Infrastructure (Rs 314 crore), and Moser Baer (Rs 236 crore), along with about 20 other accounts, to be conducted on a 100% cash basis. Industry data indicates that bad loan sales by banks accelerated to Rs 6,721 crore in the September quarter, reflecting a broader shift as lenders increasingly offload stressed assets through market-based resolutions.The Times of IndiaDelhi High Court blocks SFIO investigation into Moser Baer - The Economic TimesThe Delhi High Court has quashed the corporate affairs ministry's order directing the Serious Fraud Investigation Office (SFIO) to investigate Moser Baer India Ltd and its subsidiaries, finding the directive legally unsound and issued without proper consideration. The court observed that invoking Section 212(1)(c) of the Companies Act was a serious statutory action that must not be used casually, noting the MCA's claims conflicted with forensic audit reports it had itself cited. The ruling came on a plea by Nita Puri, former director of MBIL, who challenged the SFIO probe after two forensic audits failed to reveal the alleged irregularities.The Times of IndiaMoser Baer: Industrialist Ratul Puri and others discharged in alleged bank fraud cases - The Economic TimesCourts discharged industrialist Ratul Puri and others in two alleged banking fraud cases involving Moser Baer Solar Limited (Rs 747 crore) and Moser Baer India Ltd (Rs 354 crore), totaling Rs 1,101 crore, after finding insufficient evidence of criminality in CBI chargesheets. The CBI has filed revision petitions to contest both discharge orders. The courts determined the disputes were civil in nature rather than criminal offenses, and that banks had refused sanction to investigate and prosecute their own officials.Forbes IndiaRatul Puri: "PV has played out to the assumptions on a text book basis"In an interview, Moser Baer's Ratul Puri explained how the company shifted from optical storage to photovoltaics after optical media growth slowed from 70-80% to 15-20% CAGR, with rising input costs and oversupply. He said PV grew 55% CAGR from 2004-2008, and Moser Baer now operates 120 MW (80 MW crystalline, 40 MW thin film) with 165 MW under installation, targeting 330 MW.Forbes IndiaMoser Baer: SunburntRatul Puri, son of Moser Baer founder Deepak Puri, has invested over Rs. 800 crore in the company's photovoltaic business, raising another Rs. 411 crore from private equity in October 2008. The solar venture has shown no returns, and the optical media business slowed from 80% to 15% growth. Investment plans were cut from Rs. 975 crore to Rs. 154 crore.