Reliance Consumer Products Limited (RCPL), the FMCG arm of RIL, has signed an agreement to form a majority-owned Joint Venture with Nigeria’s Tropical General Investments (TGI) Group. This strategic partnership, announced on February 16, 2026, aims to significantly expand RCPL’s global footprint into one of Africa’s largest consumer markets. The JV will leverage TGI’s established manufacturing and distribution network to introduce RCPL’s diverse FMCG portfolio in Nigeria.
Strategic Expansion into African Markets
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Industries Limited (RIL), has formalized a definitive agreement to establish a majority-owned Joint Venture with Tropical General Investments (TGI) Group. TGI Group is described as a leading business conglomerate based in Nigeria.
This partnership, pending necessary regulatory clearances, marks a significant step in RCPL’s strategy to enhance its global footprint by entering the Nigerian market, recognized as one of Africa’s largest consumer hubs.
Leveraging Complementary Strengths
Since its inception in 2022, RCPL has successfully built an R&D foundation and scaled a portfolio of brands across India before expanding into the Middle East, South Asia, and Africa. The Joint Venture is specifically designed to integrate RCPL’s offerings with TGI’s deep local expertise.
T. Krishnakumar, Director at RCPL, stated that the JV is a pivotal milestone in RCPL’s journey to become a global FMCG player, emphasizing the importance of offering global quality products at affordable prices in the crucial Nigerian market. TGI Group brings expertise in sectors such as FMCG, culinary, and agribusiness.
Rahul Savara, Group Managing Director of TGI Group, commented that the partnership combines complementary strengths across product development, manufacturing, marketing, and distribution to serve Nigeria, which he views as one of the most compelling growth markets globally.
About the Partners
About RCPL
RCPL’s mission is to empower everyday life through innovation and consumer satisfaction, blending global standards with local insights to create accessible, value-driven products. Backed by RIL’s infrastructure, RCPL aims to shape the future of the consumer goods industry by addressing evolving consumer needs.
About TGI Group
Established in 1980, TGI Group is an international business conglomerate with operations across Africa, the Middle East, and Asia, headquartered in Lagos, Nigeria. TGI operates across Food, consumer goods, agribusiness, chemicals, and pharmaceuticals. Key Nigerian brands mentioned include Big Bull Rice, Terra Seasoning Cubes, and Golden Terra Soya Oil. TGI focuses on inclusive growth using locally sourced materials and advanced manufacturing.
Corporate Filing Details
The disclosure was made on February 16, 2026, to the stock exchanges (BSE and NSE) under Scrip Code 500325 and Trading Symbol RELIANCE. The announcement was authorized by Savithri Parekh, Company Secretary and Compliance Officer for Reliance Industries Limited.
Source: BSE
