Moser Baer is the world's 2nd largest optical storage media manufacturer and supplies to the world's top dozen brands. They now make CD-R's for Memorex (2004, 2007-2008), TDK (2004, 2006) and Verbatim (2006-). They used to make CD-R's for Imation (2004-2006) and Staples (2003-2006). The company was founded in New Delhi in 1983. 75% of its revenue comes from exports. Although most of that is from OEM products. [1] Their product range includes floppy disks, CDs, and DVDs. Incorporated in 1983, Moser Baer has a presence in over 82 countries, serviced through six marketing offices in India, the US and Europe, and enjoys strong tie-ups with all major global technology brands. Its 4 manufacturing facilities are located in Noida, Uttar Pradesh, India. [1] The company was among the first to set up a wholly-owned subsidiary - Moser Baer Photo Voltaic Limited — in 2005, to focus on the high-growth solar energy segment in India. It also plans to build an Rs 330 crore silicon PV manufacturing facility (near Delhi) and has tied up with Applied Materials Inc for technology transfer. Moser Baer acquired 81 per cent stake in Dutch Company — O M T B.V, the research and development unit of Phillips in the last quarter of 2006-07.