Tolaram Group
Tolaram Group is a holding company headquartered in Singapore with diversified business interests in consumer goods, fintech, infrastructure and industrials. It has a presence across Asia, Africa, Europe and South America.
History
Tolaram Group origins can be traced to the textile trade of Khanchand Vaswani, a Sindhi businessman, who established a shop in Malang, Indonesia in 1948. The business subsequently expanded into textile manufacturing and distributing consumer goods. Tolaram relocated its headquarters to Singapore in 1975 and began exporting to Africa in the late 70s.Consumer goods
In 1988, Tolaram Group began exporting to Nigeria instant noodles manufactured by Indofoods of the Salim Group of Indonesia and Maggi of the Nestlé brought by Indofood as well as its joint venture in Indonesia. The product was new to Nigeria and Tolaram's management desire was to market the brand, obtain significant following and attain market leadership. Further investments were made in the country when the group absorbed the haulage business of Blackwood Hodge integrating it with its Indomie enterprise to deliver supplies to wholesalers. Indomie instant noodles gradually thrived in the Nigerian market, significant growth was achieved after the return of democracy in 1999 and the brand soon came to dominate the market.In 1995, concern shifted towards local manufacturing of its key brand and a noodles plant was constructed which began operations in 1996. To support the plant and ensure performance, it integrated many parts of its operations with additional investments in energy supply, and expansion of its logistic and distribution network. Multipro Limited was also established in 1997 to distribute various products including the company's brands.
Tolaram Group entered into a venture between its Multipro brand and Kellogg's Corporation in 2015 to produce and market Kellogg's food products in Nigeria. Another joint venture with Arla Group was established to market and distribute Dano products in Nigeria. Tolaram's MCPL has also partnered with Cadbury Nigeria Plc. to jointly co-promote of Bournvita & Indomie products in a short term promo.
In 2019–2020, Tolaram Group made a joint venture again with Colgate Palmolive as Colgate Palmolive Tolaram to produce and distribute Colgate toothpaste and also to distribute Kimberly-Clark products, Huggies and Kotex products. In 2024, Tolaram acquired a 58% stake in Guinness' Nigeria business from Diageo.