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Moser Baer India Stage: Growth Date of Investment: 2000 Web Site : http://www.moserbaer.com Stock Symbol : BSE and NSE |
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Based in New Delhi, India, Moser Baer manufactures and markets optical
storage media including recordable compact discs (CD-Rs) and rewritable
compact discs (CD-RWs). When Warburg Pincus invested in Moser Baer in
2000, the company was a major floppy disk manufacturer and had recently
begun to manufacture CD-Rs. Warburg Pincus invested $62 million as the
lead investor in a $77 million financing round to partially fund the
company's expansion plans in the CD-R business. The company has since
become the fourth largest, and perhaps the lowest cost, manufacturer of
CD-Rs in the world, with a 10% market share. Moser Baer's products are
sold to nine out of the top twelve OEM brand customers in the world, a
strong indicator of the company's superior product quality and high
service level. In addition, the company's focus on research and
development has enabled it to differentiate its products and command a
premium price. Moser Baer plans to leverage its ability as a low cost,
world-class manufacturer in order to produce additional high-margin
products such as recordable digital video discs (DVD-Rs). In 2002,
Warburg Pincus invested an additional $10 million to finance the
company's expansion plans. Moser Baer's stock is publicly traded on the
Bombay Stock Exchange.
