Reliance Consumer Products Partners with Nigeria’s TGI Group

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has signed a definitive agreement to form a majority-owned joint venture with Nigeria’s leading conglomerate Tropical General Investments (TGI) Group. The partnership aims to expand RCPL’s global footprint by strengthening its presence in one of Africa’s largest consumer markets.

Reliance Consumer Signs JV Agreement with TGI Group

Reliance Consumer Products Limited, the FMCG arm of Reliance Industries Limited, has signed a definitive agreement to establish a majority-owned joint venture with Tropical General Investments Group (TGI Group), a leading business conglomerate in Nigeria.

The partnership, subject to legal and regulatory approvals, is expected to significantly enhance RCPL’s global expansion by establishing a strong presence in one of Africa’s largest consumer markets.

RCPL’s Growth Journey

Since its inception in 2022, RCPL has successfully built a strong research and development foundation and scaled a diverse portfolio of iconic brands into household names.

After establishing itself as a key player in India, RCPL expanded into international markets across:

• The Middle East

• South Asia

• Africa

The company has focused on offering high-quality products at affordable prices, strengthening its competitive positioning in emerging markets.

Strategic Objective of the Partnership

The collaboration between RCPL and TGI Group aims to strengthen RCPL’s global market presence. Through the joint venture, RCPL will introduce a wide range of its FMCG products to consumers in Nigeria, leveraging TGI’s established manufacturing capabilities and distribution network.

Leadership Statements

Director of Reliance Consumer Products Limited, T Krishnakumar, said:

"The joint venture with TGI Group will be a pivotal milestone in RCPL’s journey towards becoming a global FMCG player. Our goal is to establish RCPL as a leading global FMCG company from India and offer high-quality products at affordable prices, which will help expand RCPL’s global market presence as we enter the crucial Nigerian market. TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusiness will be invaluable in scaling our operations in the region."

Rahul Savara, Group Managing Director of TGI Group, stated:

"TGI Group is proud to partner with RCPL to accelerate growth across Nigeria and West Africa. By bringing together complementary strengths and world-class expertise in product development, manufacturing, marketing, and distribution, this partnership is well positioned to deliver consistent quality and long-term value to consumers. Nigeria represents one of the most attractive growth markets globally, and TGI Group looks forward to building a strong and sustainable growth platform alongside RCPL."

About TGI Group

Established in 1980, TGI Group is an international business group with a strong presence across Africa, the Middle East, and Asia. Headquartered in Lagos, Nigeria, the group operates in:

• Food products

• Consumer goods

• Agribusiness

• Chemicals

• Pharmaceuticals

• Distribution

It manages a broad portfolio of leading brands across multiple categories.

Popular TGI Brands in Nigeria

In Nigeria, TGI brands such as:

• Big Bull Rice

• Terra Seasoning Cubes

• Golden Terra Soya Oil

• Renew Starch

• Supramult Multivitamins

reach millions of consumers daily.