Who Supplies Captopril? Top Manufacturers & Their Global Buyers
India accounts for a significant share of global Captopril exports, with 109+ registered manufacturers shipping to buyers across 63+ countries — yet a handful of companies dominate the shipments. LINCOLN PHARMACEUTICALS LTD holds the largest share at 61.4% (export value: $7.6M). Close behind, AJANTA PHARMA LIMITED (9.8%, $1.2M). GRACURE PHARMACEUTICALS LIMITED (4.2%, $522.7K). The Sankey diagram below maps every supplier's customer flow in detail. All figures are drawn from Indian Customs (DGFT) shipping bill records.
🏭 Market Analysis: Top Suppliers & Customer Networks
Comprehensive supplier network intelligence dashboard
Who Supplies Captopril? Top Manufacturers & Their Buyers
Flow of Captopril from leading Indian exporters to their key global customers
Supplier-Customer Network Analysis
Top Suppliers → Customer Networks
Captopril Supplier Network — Key Market Intelligence
The Captopril export market from India is led by LINCOLN PHARMACEUTICALS LTD, which alone commands a 61.4% share, shipping $7.6M worth of product across 20 shipments. The second-largest exporter, AJANTA PHARMA LIMITED, contributes $1.2M (9.8%) to the overall market. Combined, the top two suppliers alone account for 71.2% of all Captopril exports, indicating a relatively concentrated supply base.
Across all 109 tracked manufacturers, the total Captopril export value stands at $12.4M from 517 shipments. The market average shipment value is $24.0K. The single largest buyer relationship in terms of trade value is MEDICAL STORES DEPARTMENT, receiving $7.1M worth of product.
The combined buyer network spans 15 named purchasing companies, including MEDICAL STORES DEPARTMENT, M.S.D, HEKO PHARMACY LTD, H P L, ABACUS PHARMA LIMITE and 10 others. These buyers represent pharmaceutical manufacturers, distributors, hospital procurement groups, and generic drug producers operating across multiple continents.
Market Analysis: Top Suppliers & Their Customer Networks
1LINCOLN PHARMACEUTICALS LTD
LINCOLN PHARMACEUTICALS LTD is the first-largest Captopril exporter from India, with a market share of 61.4% and a total export value of $7.6M across 20 shipments. Their average shipment value of $380.8K is above the market average of $24.0K, suggesting premium or bulk contract pricing.
LINCOLN PHARMACEUTICALS LTD serves 5 named buyers in our database. MEDICAL STORES DEPARTMENT is the dominant customer, accounting for 93.8% of this supplier's tracked business. Top customers include:
• MEDICAL STORES DEPARTMENT — $7.1M across 19 shipments (93.8% of this supplier's total exports)
• M.S.D — $326.9K across 1 shipments (4.3% of this supplier's total exports)
• HEKO PHARMACY LTD — $118.0K across 0 shipments (1.5% of this supplier's total exports)
• H P L — $30.1K across 0 shipments (0.4% of this supplier's total exports)
• ABACUS PHARMA LIMITE — $705 across 0 shipments (0.0% of this supplier's total exports)
Key Insight: LINCOLN PHARMACEUTICALS LTD's per-shipment value of $380.8K is 1488% above the market average of $24.0K, consistent with large-order contracts or value-added formulations.
2AJANTA PHARMA LIMITED
AJANTA PHARMA LIMITED is the second-largest Captopril exporter from India, with a market share of 9.8% and a total export value of $1.2M across 60 shipments. Their average shipment value of $20.2K is below the market average of $24.0K, reflecting a high-volume, competitive pricing strategy.
AJANTA PHARMA LIMITED serves 5 named buyers in our database. AJANTA PHARMA USA INC C O RXCROSSR is the dominant customer, accounting for 83.9% of this supplier's tracked business. Top customers include:
• AJANTA PHARMA USA INC C O RXCROSSR — $1.0M across 50 shipments (83.9% of this supplier's total exports)
• AJANTA PHARMA USA INC C O RXCROSSR — $71.4K across 4 shipments (5.9% of this supplier's total exports)
• AJANTA PHARMA USA INC C O RXCROSSR — $66.1K across 3 shipments (5.4% of this supplier's total exports)
• AJANTA PHARMA USA INC C O RXCROSSR — $42.2K across 2 shipments (3.5% of this supplier's total exports)
• MCKESSON THIRD PARTY — $16.1K across 1 shipments (1.3% of this supplier's total exports)
Key Insight: AJANTA PHARMA LIMITED operates with high shipment frequency (60 shipments) at a per-shipment value of $20.2K, indicating a broad distribution network with many smaller, regular orders.
3GRACURE PHARMACEUTICALS LIMITED
GRACURE PHARMACEUTICALS LIMITED is the third-largest Captopril exporter from India, with a market share of 4.2% and a total export value of $522.7K across 31 shipments. Their average shipment value of $16.9K is below the market average of $24.0K, reflecting a high-volume, competitive pricing strategy.
GRACURE PHARMACEUTICALS LIMITED serves 2 named buyers in our database. NA is the dominant customer, accounting for 68.9% of this supplier's tracked business. Top customers include:
• NA — $360.0K across 21 shipments (68.9% of this supplier's total exports)
• EXPHAR SANIVELLES SUD ZONE II THINES — $162.8K across 10 shipments (31.1% of this supplier's total exports)
Key Insight: GRACURE PHARMACEUTICALS LIMITED operates with high shipment frequency (31 shipments) at a per-shipment value of $16.9K, indicating a broad distribution network with many smaller, regular orders.
4BIOMATRIX HEALTHCARE PRIVATE LIMITED
BIOMATRIX HEALTHCARE PRIVATE LIMITED is the fourth-largest Captopril exporter from India, with a market share of 2.0% and a total export value of $242.4K across 10 shipments. Their average shipment value of $24.2K is above the market average of $24.0K, suggesting premium or bulk contract pricing.
BIOMATRIX HEALTHCARE PRIVATE LIMITED serves 5 named buyers in our database. UNIQUE PHARMA, is the dominant customer, accounting for 95.2% of this supplier's tracked business. Top customers include:
• UNIQUE PHARMA, — $230.7K across 10 shipments (95.2% of this supplier's total exports)
• UNIQUE PHARMA, — $4.0K across 0 shipments (1.7% of this supplier's total exports)
• ACE HEALTH CARE LDA. — $3.6K across 0 shipments (1.5% of this supplier's total exports)
• UNICA FARMA,LDA. — $2.7K across 0 shipments (1.1% of this supplier's total exports)
• UNICA FARMA,LDA. — $1.3K across 0 shipments (0.6% of this supplier's total exports)
Key Insight: BIOMATRIX HEALTHCARE PRIVATE LIMITED's per-shipment value of $24.2K is 1% above the market average of $24.0K, consistent with large-order contracts or value-added formulations.
5STALLION LABORATORIES PVT LTD
STALLION LABORATORIES PVT LTD is the fifth-largest Captopril exporter from India, with a market share of 1.5% and a total export value of $189.4K across 19 shipments. Their average shipment value of $10.0K is below the market average of $24.0K, reflecting a high-volume, competitive pricing strategy.
STALLION LABORATORIES PVT LTD serves 4 named buyers in our database. Business is spread across multiple buyers, reducing single-customer dependency. Top customers include:
• TO — $80.3K across 8 shipments (42.4% of this supplier's total exports)
• TO THE — $52.6K across 5 shipments (27.8% of this supplier's total exports)
• TO THE ORDER OF. — $38.0K across 4 shipments (20.1% of this supplier's total exports)
• TO THE ORDER OF. — $18.6K across 2 shipments (9.8% of this supplier's total exports)
Key Insight: STALLION LABORATORIES PVT LTD operates with high shipment frequency (19 shipments) at a per-shipment value of $10.0K, indicating a broad distribution network with many smaller, regular orders.
6TORRENT PHARMACEUTICALS LTD
TORRENT PHARMACEUTICALS LTD is the fifth-largest Captopril exporter from India, with a market share of 1.1% and a total export value of $139.3K across 35 shipments. Their average shipment value of $4.0K is below the market average of $24.0K, reflecting a high-volume, competitive pricing strategy.
TORRENT PHARMACEUTICALS LTD serves 5 named buyers in our database. Business is spread across multiple buyers, reducing single-customer dependency. Top customers include:
• HATTON NATIONAL BANK PLC — $51.2K across 13 shipments (36.8% of this supplier's total exports)
• KARURI PHARMACEUTICALS LIMITED — $33.0K across 8 shipments (23.7% of this supplier's total exports)
• KARURI PHARMACEUTICALS LIMITED — $25.7K across 6 shipments (18.5% of this supplier's total exports)
• PHARMACEUTICAL AND C — $14.7K across 4 shipments (10.5% of this supplier's total exports)
• KARURI PHARMACEUTICALS LIMITED — $14.6K across 4 shipments (10.5% of this supplier's total exports)
Key Insight: TORRENT PHARMACEUTICALS LTD operates with high shipment frequency (35 shipments) at a per-shipment value of $4.0K, indicating a broad distribution network with many smaller, regular orders.
From Indian Factories to Global Pharmacies — How Captopril Flows
Once Captopril leaves the manufacturing plants of companies like LINCOLN PHARMACEUTICALS LTD and AJANTA PHARMA LIMITED, it travels to 5 destination markets with a combined import value of $12.4M. Tanzania absorbs the largest share at 64.8% ($8.0M), followed by United States (10.6%) and Belgium (5.5%).
In Tanzania — the top destination — named importers include MEDICAL STORES DEPARTMENT, HEKO PHARMACY LTD, M.S.D. In United States, key buyers are AJANTA PHARMA USA INC. C/O RXCROSSR, AJANTA PHARMA USA INC, AJANTA PHARMA USA INC C O RXCROSSR.
This geographic spread reflects Captopril's role as an essential active pharmaceutical ingredient (API) and finished dosage form — sourced primarily from India due to its cost-competitive, WHO-compliant manufacturing base. The Sankey diagram below maps these destination countries to their named importers in detail.
🌍 Market Analysis: Top Importing Countries & Importers
Comprehensive geographic market intelligence dashboard
Where Does Captopril Go? Top Importing Countries & Their Buyers
Trade flow of Captopril exports from India — top destination countries and the named companies importing it
Geographic Market Flow Analysis
Top Countries → Global Importers
Market Analysis: Top Importing Countries & Their Importers
1Tanzania
Tanzania ranks as the first-largest destination for Captopril imports from India, with a total trade value of $8.0M across 22 shipments — representing a 64.8% share of all Captopril exports. The average shipment value of $364.9K is above the global average of $24.0K, indicating high-value procurement contracts or branded formulations. This market is served by 4 tracked buyers.
Named Captopril importers in Tanzania: MEDICAL STORES DEPARTMENT is the largest buyer, accounting for 89.5% ($7.2M) of this market's total imports.
• MEDICAL STORES DEPARTMENT — $7.2M (89.5% of Tanzania's total)
• HEKO PHARMACY LTD — $336.7K (4.2% of Tanzania's total)
• M.S.D — $326.9K (4.1% of Tanzania's total)
Key Insight: Tanzania's per-shipment average of $364.9K (1422% above global average) points to a market favouring large-batch or high-value pharmaceutical procurement.
Tanzania is a key market for Captopril imports from India.
2United States
United States ranks as the second-largest destination for Captopril imports from India, with a total trade value of $1.3M across 55 shipments — representing a 10.6% share of all Captopril exports. The average shipment value of $23.9K is below the global average of $24.0K, consistent with generic/API volume purchasing. This market is served by 3 tracked buyers.
Named Captopril importers in United States: AJANTA PHARMA USA INC. C/O RXCROSSR is the largest buyer, accounting for 87.3% ($1.1M) of this market's total imports.
• AJANTA PHARMA USA INC. C/O RXCROSSR — $1.1M (87.3% of United States's total)
• AJANTA PHARMA USA INC — $71.4K (5.4% of United States's total)
• AJANTA PHARMA USA INC C O RXCROSSR — $66.1K (5.0% of United States's total)
Key Insight: United States receives frequent, smaller shipments of Captopril — typical of markets with distributed retail pharmacy or hospital networks sourcing generics at volume.
United States is a key market for Captopril imports from India.
3Belgium
Belgium ranks as the third-largest destination for Captopril imports from India, with a total trade value of $686.2K across 9 shipments — representing a 5.5% share of all Captopril exports. The average shipment value of $76.2K is above the global average of $24.0K, indicating high-value procurement contracts or branded formulations. This market is served by 1 tracked buyer.
Named Captopril importers in Belgium: EXPHAR SANIVELLES SUD ZONE II THINES is the largest buyer, accounting for 23.7% ($162.8K) of this market's total imports.
• EXPHAR SANIVELLES SUD ZONE II THINES — $162.8K (23.7% of Belgium's total)
Key Insight: Belgium's per-shipment average of $76.2K (218% above global average) points to a market favouring large-batch or high-value pharmaceutical procurement.
Belgium is a key market for Captopril imports from India.
4Dominican Republic
Dominican Republic ranks as the fourth-largest destination for Captopril imports from India, with a total trade value of $295.0K across 13 shipments — representing a 2.4% share of all Captopril exports. The average shipment value of $22.7K is below the global average of $24.0K, consistent with generic/API volume purchasing. This market is served by 1 tracked buyer.
Named Captopril importers in Dominican Republic: BALAXI HEALTHCARE DOMINICANA SRL is the largest buyer, accounting for 30.3% ($89.5K) of this market's total imports.
• BALAXI HEALTHCARE DOMINICANA SRL — $89.5K (30.3% of Dominican Republic's total)
Key Insight: Dominican Republic receives frequent, smaller shipments of Captopril — typical of markets with distributed retail pharmacy or hospital networks sourcing generics at volume.
Dominican Republic is a key market for Captopril imports from India.
5South Africa
South Africa ranks as the fifth-largest destination for Captopril imports from India, with a total trade value of $280.9K across 0 shipments — representing a 2.3% share of all Captopril exports. The average shipment value of $280.9K is above the global average of $24.0K, indicating high-value procurement contracts or branded formulations.
Key Insight: South Africa's per-shipment average of $280.9K (1072% above global average) points to a market favouring large-batch or high-value pharmaceutical procurement.
South Africa is a key market for Captopril imports from India.
People Also Ask — Captopril Supplier & Trade Network
Who are the top suppliers of Captopril from India?+
Which companies buy Captopril from Indian manufacturers?+
Where does Captopril exported from India go?+
What is the market share of the top Captopril supplier from India?+
What is the average shipment value for Captopril exports from India?+
Is Captopril manufactured in India and exported globally?+
Which country imports the most Captopril from India?+
Who are the buyers of Captopril in United States?+
How concentrated is the Captopril supplier market in India?+
How do I find verified buyers for Captopril in specific countries?+
Captopril Trade Network — Key Takeaways
- 1LINCOLN PHARMACEUTICALS LTD is India's dominant Captopril exporter with a 61.4% market share and $7.6M in total exports — making it the single most important sourcing entity in this market.
- 2The top 109 suppliers collectively account for 80.1% of all tracked Captopril exports, with a combined trade value of $12.4M.
- 3Tanzania is the largest destination market, absorbing 64.8% of India's Captopril exports ($8.0M). United States (10.6%) and Belgium (5.5%) follow.
- 4With 517 total shipments averaging $24.0K each, the Captopril export trade from India reflects both bulk API supply and finished dosage form distribution.
- 5Verified buyers across the network include MEDICAL STORES DEPARTMENT, M.S.D, AJANTA PHARMA USA INC C O RXCROSSR, AJANTA PHARMA USA INC C O RXCROSSR — representing a diverse base of pharmaceutical importers, distributors, and generic drug manufacturers globally.
Network Overview
Supplier Network
Country Network
Network Insights
Top supplier: 5 customers
6 suppliers → 63 countries
Network value: $12.4M
Related Analysis
Market Intelligence
Latest developments and market context
Detailed market intelligence for Captopril — including regulatory updates, trade policy changes, and competitive landscape analysis — will be available in an upcoming update. This section will feature AI-researched insights from verified industry sources, government notifications, and market reports.
Official References & Regulatory Resources
- CDSCO India
- Pharmexcil
- IBEF — India Pharma Industry
- Ministry of Commerce — Pharma Exports
- India Trade Statistics (DGFT)
Verify manufacturer licensing and export certifications with the official agencies above.
Research Methodology & Data Transparency
Suresh Sormare
Verified AuthorPharmaceutical Export-Import Analyst & Trade Intelligence Expert
Suresh Sormare is a pharmaceutical export-import analyst with deep expertise in Indian Customs (DGFT) data, HS code classification, and global pharmaceutical supply chains. His analysis covers 10M+ shipment records across 150+ countries and is used by manufacturers, procurement agencies, and trade consultants worldwide. Suresh specializes in identifying verified suppliers and buyers from customs records, mapping bilateral pharmaceutical trade corridors, analyzing tariff structures and regulatory frameworks across 170+ destination markets, and benchmarking competitive positioning for finished pharmaceutical formulations. His methodology combines granular customs transaction data with regulatory intelligence from FDA, EMA, WHO, CDSCO, and 40+ national drug authorities to deliver actionable trade insights for the pharmaceutical formulations sector.
linkedin.com/in/sureshsormarePrimary Data Source
All trade data is sourced from Indian Customs (DGFT) official shipping bill records — the authoritative government database for India's pharmaceutical trade. Each verified record contains exporter name, consignee (buyer) name, detailed product description, quantity, declared FOB value (USD), port of loading, destination country, and shipment date.
Analysis Methodology
- 1.Network Construction: Supplier-to-buyer trade relationships constructed from verified shipment pairs in Indian Customs (DGFT) records for Captopril.
- 2.Flow Mapping: 109 Indian manufacturers mapped to their international buyer networks using consignee name normalization.
- 3.Value Aggregation: Trade value per supplier-buyer link aggregated from 517 individual shipment records. Values are FOB in USD.
- 4.Geographic Clustering: Buyer networks clustered across 63 destination countries to identify geographic concentration patterns.
Government-Sourced Data
Official DGFT customs records
Transparent Methodology
Calculations fully disclosed above
517 Verified Shipments
109 manufacturers in network
Expert-Reviewed
By pharmaceutical trade specialists