One of Nigeria’s leading business conglomerates, Tropical General Investments (TGI) Group, has signed a Joint Venture (JV) agreement with Reliance Consumer Products Limited (RCPL), the Fast Moving Consumer Good (FMCG) arm of the diversified conglomerate from India, Reliance Industries Limited.
This partnership is subject to customary legal and regulatory clearances.
The JV entity will primarily focus on offering the global quality FMCG products at affordable prices to millions of consumers in Nigeria and across the region.
According to the partners, the JV is aimed at democratising world class products through manufacturing, distribution infrastructure and human capital development. It will combine RCPL’s robust R&D structures and diverse product portfolio across South Asia, Middle East and Africa with TGI’s Nigerian and West African manufacturing expertise and deeply entrenched market accessibility.
Director of RCPL, Thirumalai Krishnakumar said: ‘The Joint Venture with TGI Group will be a pivotal milestone in RCPL’s journey towards becoming a global FMCG player. Our mission is to establish RCPL as a leading global FMCG company from India and offer global quality products at affordable prices, and this mission will be instrumental in in expanding RCPL’s market presence globally as we enter the crucial market of Nigeria.
‘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’.
The Vice Chairman of TGI Group, Farouk Gumel also stated: ‘We are very excited to work with RCPL to develop and deliver quality and affordable products to the millions of consumers across West Africa. By combining RCPL’s expertise in developing a wide range of innovative products with TGI’s own deep knowledge the local markets will no doubt be a gamechanger for consumers in this region. This partnership will no doubt create jobs and further position Nigeria as a leading industrial and manufacturing hub on the continent’.
Established in 2022, RCPL is the FMCG arm of Reliance Industries Limited (RIL) and has emerged as one of India’s fastest-growing FMCG players. Since its entry into the FMCG sector, RCPL has launched in-house brands and taken over legacy names, with a diverse portfolio spanning beverages, home care, packaged staples, and personal care products. In Financial Year 2024-25, RIL’s consolidated revenue stood at US$ 125.3 billion. RIL is ranked 88th in Fortune’s Global 500 list of ‘World’s Largest Companies’ and 45th in the Forbes Global 2000 rankings of ‘World’s Largest Public Companies’ for 2025.
RCPL is the FMCG arm of RIL on a mission to empower the everyday life of consumers. With a strong commitment to innovation and consumer satisfaction, RCPL blends global standards with local insights to create products that resonate with consumers while being accessible to everyone at honest prices and within an arm’s length of desire. Backed by the robust infrastructure and RLI’s trust, the company aims to offer solutions that cater to the evolving needs of consumers, fostering long-term relationships with communities and contributing to the nation’s growth. RCPL is on a journey of shaping the future of the consumer goods industry by meeting the diverse needs of households and communities, offering solutions that are world-class, trusted, value-driven and reflect the evolving lifestyle of today’s consumer.
TGI Group is a global conglomerate with strong presence across Africa, Middle East and Asia. It focuses on driving inclusive growth and value creation by leveraging locally sourced raw materials, advanced manufacturing capabilities and a skilled workforce to deliver high – quality products for local and international markets.
Across its key operating markets, TGI operates a diversified portfolio including food, FMCG, agricultural inputs, industrial chemicals, homecare products and pharmaceuticals, with trusted brands reaching millions of consumers daily.
The Group also maintains a strong export platform for agricultural and processed commodities sourced and value-added in Africa. Through strategic investments, global partnerships and internationally recognized certifications, TGI continues to expand its footprint while supporting economic development and strengthening value chains across its markets.
