Tropical General Investments (TGI) Group, one of Nigeria’s leading business conglomerates, has entered a Joint Venture (JV) agreement with Reliance Consumer Products Limited (RCPL), the Fast-Moving Consumer Goods (FMCG) arm of India’s Reliance Industries Ltd (RIL).
The partnership, pending regulatory approvals, aims to provide high-quality FMCG products at affordable prices to consumers in Nigeria and the wider West African region. The JV will focus on manufacturing, distribution infrastructure, and human capital development, leveraging RCPL’s research and development expertise and diverse product portfolio alongside TGI’s local manufacturing capabilities and market knowledge.
RCPL Director, Thirumalai Krishnakumar, said the partnership marks a significant step in RCPL’s global expansion strategy. “Our mission is to establish RCPL as a leading global FMCG company and bring world-class products at affordable prices to markets such as Nigeria. TGI Group’s decades-long experience in FMCG, culinary, and agribusiness will be invaluable as we scale operations in the region,” he stated.
Farouk Gumel, Vice Chairman of TGI Group, expressed enthusiasm for the collaboration, highlighting its potential to deliver quality products to millions of consumers, generate jobs, and strengthen Nigeria’s position as an industrial hub. “By combining RCPL’s product innovation with TGI’s local market expertise, this venture will be transformative for West African consumers,” Gumel said.
Founded in 2022, RCPL has rapidly grown within India’s FMCG sector, offering a wide portfolio that includes beverages, home care, packaged staples, and personal care products. Reliance Industries’ consolidated revenue reached $125.3 billion in the 2024-25 financial year, with the company ranked 88th on Fortune’s Global 500 list and 45th on the Forbes Global 2000 list for 2025.
