Nigeria: Reliance Consumer Products to form joint venture with TGI Group

Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Indian conglomerate Reliance Industries Limited, has signed a definitive agreement to form a majority-owned joint venture with the Nigeria-based Tropical General Investments (TGI) Group.

The partnership, which remains subject to customary legal and regulatory clearances, marks a significant milestone in RCPL’s global expansion into one of Africa’s largest consumer markets. Through the venture, the firm intends to introduce its diverse FMCG portfolio to Nigerian consumers by leveraging TGI Group’s established manufacturing and distribution infrastructure. RCPL, which was established in 2022 and recently acquired the global rights to several heritage personal care brands from Unilever, reported gross revenue of 5,065 crore INR ($611 million) for the quarter ending December 2025.

Commenting on the deal, RCPL director T Krishnakumar described the venture as a “pivotal milestone” in the company’s journey to becoming a global player. “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 as we scale our operations in the region”, he said.

TGI Group, headquartered in Lagos, operates a broad portfolio in Nigeria including Big Bull Rice and Terra Seasoning Cubes. Rahul Savara, group managing director of TGI Group, stated that the partnership was “well positioned to deliver consistent quality and long-term value” to consumers across Nigeria and West Africa.

Source: ANI / Business Standard / Economic Times / PTI / United News of India