Reliance Consumer Products Signs Majority-Owned Joint Venture with Nigeria’s TGI Group

Reliance Consumer Products expands into Nigeria through a majority-owned joint venture with TGI Group, strengthening its global FMCG footprint in Africa.

Bengaluru, February 16, 2026: Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited (RIL), has signed a definitive agreement to form a majority-owned joint venture with Tropical General Investments Group (TGI Group), one of Nigeria’s leading business conglomerates.

The partnership, subject to customary legal and regulatory approvals, marks a significant step in RCPL’s global expansion strategy and establishes its entry into Nigeria — one of Africa’s largest and fastest-growing consumer markets.

Expanding Global FMCG Footprint

Since its inception in 2022, RCPL has built a strong R&D backbone and rapidly scaled a diverse portfolio of consumer brands in India. The company has also expanded into markets across the Middle East, South Asia, and parts of Africa, offering high-quality products at affordable price points.

Through the joint venture, RCPL will introduce a wide range of its FMCG products in Nigeria, leveraging TGI Group’s well-established manufacturing capabilities and extensive distribution network.

T. Krishnakumar, Director, RCPL, described the joint venture as a pivotal milestone in the company’s journey toward becoming a global FMCG leader from India. He emphasized that Nigeria represents a crucial growth market and that TGI’s expertise across FMCG, culinary, and agribusiness sectors will accelerate RCPL’s regional expansion.

Strengthening Presence in West Africa

Rahul Savara, Group Managing Director, TGI Group, highlighted that the partnership brings together complementary strengths in product development, manufacturing, marketing, and distribution. He noted that Nigeria remains one of the most compelling growth markets globally and expressed confidence in building a long-term value platform alongside RCPL.

Founded in 1980 and headquartered in Lagos, TGI Group operates across food, consumer goods, agribusiness, chemicals, pharmaceuticals, and distribution. In Nigeria, brands such as Big Bull Rice, Terra Seasoning Cubes, Golden Terra Soya Oil, Renew Starch, and Supramult Multivitamins reach millions of consumers daily.

Strategic Global Expansion

The joint venture underscores Reliance’s ambition to build RCPL into a globally competitive FMCG company, backed by RIL’s infrastructure strength and brand trust. By combining local expertise with global standards, the partnership aims to deliver value-driven, quality consumer products tailored to evolving market needs.

With this move, RCPL strengthens its position in Africa and reinforces Reliance’s broader strategy of expanding its international consumer business footprint.