RCPL to form majority-owned JV with TGI Group to explore African markets

This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement Home / Companies / News / RCPL to form majority-owned JV with TGI Group to explore African marketsRCPL to form majority-owned JV with TGI Group to explore African marketsThis partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statementRepresentative image from file.Press Trust of India New Delhi 2 min read Last Updated : Feb 16 2026 | 8:25 PM ISTListen to This Article Reliance Consumer Products, the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group. This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement. Through this partnership, which is subject to customary legal and regulatory clearances, Reliance Consumer Products Ltd (RCPL) will introduce its FMCG products to consumers in Nigeria, leveraging TGI's FMCG manufacturing and distribution experience and network, it added. "The partnership between RCPL and Tropical General Investments (TGI) Group aims to strengthen RCPL's market presence on the global stage," it said. RCPL Director T Krishnakumar said: "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".Also Read India's unemployment hits 3-month high of 5% in January, shows PLFS dataLower consumer power costs key to AI-renewable success: MNRE Joint SecySC sends 'industry' definition to nine-judge Bench for fresh reviewTrent sharpens focus on tier-3, tier-4 cities for store expansionIndia seizes Iran-linked US-sanctioned tankers, steps up surveillance Rahul Savara, Group Managing Director, TGI Group, stated: "By bringing together complementary strengths and world-class expertise across product development, manufacturing, marketing and distribution, this partnership is well positioned to deliver consistent quality and long-term value to consumers. Nigeria represents one of the most compelling growth markets globally, and TGI Group looks forward to building a strong and enduring growth platform alongside RCPL". TGI Group has a presence across Africa, the Middle East and Asia. It operates in segments as FMCG, Agricultural Inputs, Industrial Chemicals, Homecare Products and Pharmaceuticals. RCPL, which was demerged from Reliance Retail and made a direct subsidiary of RIL on December 1, 2025, is one of the fastest-growing FMCG companies in India. In the December quarter, its overall gross revenue was at ₹5,065 crore, up 60 per cent year-on-year. Its year-to-date gross revenue for FY26 has crossed ₹15,000 crore, which is 1.8 times higher than the corresponding period of the last fiscal year.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)More From This SectionKwality Walls sees opportunity for double-digit growth after HUL demergerAnthropic's India revenue doubled since October, says Irina GhoseTCS, AMD deepen AI partnership to challenge rival Nvidia in IndiaCoal India doubles solar capex to ₹961 crore, surpassing FY26 targetsCCPA fines Snapdeal ₹5 lakh for selling toys violating BIS standardsTopics : Reliance Industries FMCG Company News Industry News BS ReadsDon't miss the most important news and views of the day. Get them on our Telegram channelFirst Published: Feb 16 2026 | 8:25 PM IST