What happened to Moser Baer India Limited?

Moser Baer India Limited, once a global leader in optical media manufacturing, filed for insolvency under the Insolvency and Bankruptcy Code (IBC). The company's core optical media business became unviable due to technological obsolescence, and its solar energy foray was unable to generate adequate returns to service its large debt.

Is Moser Baer India still listed?

Moser Baer India Limited was listed on BSE and NSE but is now classified as unlisted/suspended. Trading has been suspended and the share price reflects negligible residual value at ₹0.01.

Who founded Moser Baer India?

Moser Baer India was founded by Deepak Puri and Nita Puri. Deepak Puri served as the Chairman and Managing Director of the company for most of its operational life.

What is the CIRP status of Moser Baer India?

Moser Baer India Limited has been admitted under the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT). The resolution process involves creditors and an Insolvency Resolution Professional (IRP) seeking a viable resolution plan or liquidation.

What products did Moser Baer manufacture?

Moser Baer manufactured a wide range of optical storage media including CDs, DVDs, Blu-ray discs, and USB drives. The company also operated in the solar energy segment manufacturing photovoltaic cells, modules, and thin-film solar panels.

How do I buy Moser Baer unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Moser Baer?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Moser Baer shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Moser Baer Unlisted Share Price | Buy Moser Baer Pre-IPO Shares — wisefolio

Investment Thesis

Moser Baer India Limited is a distressed, insolvent company undergoing CIRP proceedings at NCLT. Once a global leader in optical storage media manufacturing, the company's collapse was driven by technological disruption and unsustainable debt from its solar foray. The share price of ₹0.01 reflects the near-total destruction of equity value. Investment at this stage carries extreme risk and is akin to speculating on insolvency recovery outcomes.

Pros

At its peak, Moser Baer was the world's second-largest manufacturer of optical storage media (CDs, DVDs, Blu-rays), with a significant global market share
Pioneer of solar energy manufacturing in India, setting up one of the first large-scale solar photovoltaic facilities in the country
Strong export orientation with products sold in over 80 countries at its peak operations
Had established manufacturing facilities in Greater Noida with world-class technology infrastructure
Brand recognition and technology partnerships built over decades provided a strong operational foundation

Cons

UNDERGOING INSOLVENCY/CIRP: Moser Baer India Limited is under Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). This is the most critical risk for any investor.
Optical media (CDs/DVDs) became obsolete with the rise of streaming services, cloud storage, and USB drives — the core business permanently declined
Accumulated massive debt from capital-intensive solar manufacturing expansion that could not be serviced
Share price has collapsed to ₹0.01 reflecting near-total erosion of shareholder equity
Company declared a defaulter by multiple lenders; classified as Non-Performing Asset (NPA) by banks

Business Segments

Optical Media

Manufacturing of CDs, DVDs, Blu-ray discs, and other optical storage media. Was the core business segment and once the world's second-largest manufacturer.

Solar Energy

Manufacturing of solar photovoltaic cells, modules, and thin-film solar panels. Established as a diversification initiative but became a significant financial burden.

Home Entertainment

Content distribution for Bollywood and regional movies on optical media through subsidiary Moser Baer Entertainment.

Revenue Model

Moser Baer India historically generated revenue through the manufacturing and export of optical media products (CDs, DVDs, Blu-rays) to global distributors, as well as domestic sales. Its solar segment added revenue through sale of photovoltaic cells and modules to domestic and international buyers. The company also licensed its entertainment content catalog through its subsidiary. All major revenue streams have collapsed due to technological obsolescence and financial distress.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

Successful acquisition by a strategic investor through the IBC resolution process

Utilization of solar manufacturing assets by a new acquirer in India's growing renewable energy sector

Potential value in land and physical manufacturing assets at Greater Noida

Industry Tailwinds

Successful acquisition by a strategic investor through the IBC resolution process

Recent Developments

NCLT admits insolvency petition

The National Company Law Tribunal (NCLT) admitted an insolvency petition against Moser Baer India Limited under the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process (CIRP).

2019-06

CIRP proceedings continue

Resolution Professional continued efforts to find a viable Resolution Applicant under the IBC framework. The company's assets including manufacturing facilities in Greater Noida were under evaluation.

2020-01

Liquidation proceedings considered

With no successful resolution plan finalized, the company faced potential liquidation of assets to repay creditors. Lenders including banks and bondholders had classified the company as NPA.

2022-01

Comparable Companies

CompanyTypeTickerMkt Cap

Kodak (Global analog to digital transition)ListedKODAK~$700M (Global)

Videocon Industries LimitedListedUnlisted/InsolventNot applicable (insolvent)

Reliance Communications LimitedListedRCOM~₹200 Cr (distressed)

Kodak (Global analog to digital transition)Listed

KODAK · ~$700M (Global)

Frequently Asked Questions

About Moser Baer

Moser Baer India Limited was one of India's pioneering technology companies, globally renowned as one of the world's largest manufacturers of optical storage media — including CDs, DVDs, Blu-ray discs, and related products. Founded in 1983 and incorporated with CIN L51909DL1983PLC015418, the company was headquartered in New Delhi and operated manufacturing facilities in Greater Noida, Uttar Pradesh. At its peak, Moser Baer was among the top-3 global manufacturers of recordable optical media, with manufacturing capacity of over 3 billion discs annually. The company exported optical media to over 82 countries and had a strong brand presence in both Indian and global markets. In the 2000s, Moser Baer diversified into renewable energy through Moser Baer Solar Limited and entertainment content through Moser Baer Entertainment. However, the company's core optical media business was devastated by the global decline in physical storage media — as flash drives, cloud storage, and streaming replaced optical discs. Revenue collapsed from peak levels to ₹207 crore in FY2018. The company accumulated massive debt from its diversification investments and could not service its obligations. Moser Baer India Limited is currently under liquidation — the most advanced stage of insolvency under the Insolvency and Bankruptcy Code (IBC). The liquidation process has been ongoing for several years, with creditors facing significant haircuts. The company's story is a cautionary tale about technological disruption and over-leveraged diversification in India's corporate history.

Key Milestones

1983: Incorporated as Moser Baer India Limited in New Delhi with Swiss collaboration

Common questions about unlisted shares

How do I buy Moser Baer unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?
Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

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