Two F7derived recombinant inbred line (RIL) populations, having different taxonomic lineage were phenotyped for quality traits (protein content, oil content and fatty acid profile), disease resistance (rust and late leaf spot) and productivity traits (pod yield/plant, 100-seed weight and shelling %) in two seasons (summer and kharif 2009). In both the populations, the ANOVA indicated significant variation for all the productivity traits and diseases, but the variation was found to be less for quality traits. Phenotypic data analysis for genetic variability components revealed higher magnitude of variation with high heritability for diseases, moderate to high variability with high heritability for nutritional quality and higher magnitude of variation but lower heritable variation for productivity traits. Transgressive segregants in both the directions indicated contribution of favourable alleles from both the parents. A higher percentage of the superior segregants for rust and late leaf spot were observed in the cross involving a Virginia parent (TG 19). Whereas, the cross involving Spanish bunch parents (TG 49 x GPBD 4) revealed high percentage of superior segregants for quality and productivity traits except for oil content. Several RILs superior to best parent were identified in both the populations for different traits which could be utilized in future breeding programmes.