New Delhi / Lagos: Reliance Consumer Products Ltd (RCPL) has entered into an agreement to form a majority-owned joint venture with Nigeria-based Tropical General Investments Group (TGI Group), marking a significant step in Reliance’s international expansion strategy.
The partnership, disclosed by RCPL in a regulatory filing on Tuesday, will enable the Indian company to sell a broad range of its fast-moving consumer goods (FMCG) in Nigeria, leveraging TGI Group’s strong local manufacturing capabilities and extensive distribution network. The transaction is subject to customary regulatory and legal approvals.
Founded in 1980 and headquartered in Lagos, TGI Group is a diversified international conglomerate with operations spanning Africa, the Middle East, and Asia. The group has a strong footprint across food and consumer goods, agribusiness, chemicals, pharmaceuticals, and logistics.
In Nigeria, TGI Group owns and manages several widely recognized consumer brands, including Big Bull Rice, Terra Seasoning Cubes, Golden Terra Soya Oil, Renew Starch, and Supramult Multivitamins, which collectively reach millions of consumers nationwide.
Under the proposed joint venture, RCPL aims to introduce and scale its FMCG portfolio in the Nigerian market, using TGI’s established infrastructure to accelerate market penetration and distribution efficiency.
Commenting on the development, T Krishnakumar, Director at RCPL, said the partnership represents a key milestone in the company’s ambition to build a global FMCG platform from India. He noted that Nigeria is a strategically important market and that TGI Group’s deep expertise in FMCG, culinary products, and agribusiness would support RCPL’s growth plans in the region.
Rahul Savara, Group Managing Director of TGI Group, said the collaboration brings together complementary strengths across product development, manufacturing, marketing, and distribution. He added that Nigeria remains one of the world’s most attractive consumer markets and that the partnership is expected to create a long-term growth platform across Nigeria and West Africa.
The deal underscores Reliance Industries’ broader strategy of taking its consumer brands global, tapping into high-growth emerging markets with favorable demographics and rising consumer demand.