Videocon Industries Limited is India-based company. The Company operates in four segments: Consumer Electronics and Home Appliances, Crude Oil and Natural Gas, Telecommunications, and Power. It has launched variety of products in consumer electronics industry including range of refrigerators, washing machines, televisions, air-conditioners, microwave ovens. It has interest in oil and gas field, in India, Mozambique, Brazil, East Timor, Indonesia and Australia. During the year ended December 31, 2011, it acquired or incorporated Liberty Videocon General Insurance Company Limited, Flair Energy Private Limited and Prosperous Energy Private Limited. In 2011, it disposed or ceased Triumph Energy Private Limited, Senator Energy Private Limited, Videocon Power Ventures Limited, Aim Energy Private Limited, Viable Energy Private Limited, Vital Power Private Limited, Marvel Energy Private Limited, Instant Energy Private Limited, Flair Energy Private Limited and Percept Energy Private Limited.