Indoco Remedies Limited — Colchicine Exporter Profile
Indian Pharmaceutical Exporter · #8 for Colchicine · $733.8K export value · DGFT Verified
Indoco Remedies Limited is the #8 Indian exporter of Colchicine with $733.8K in export value and 29 verified shipments. Indoco Remedies Limited holds a 3.5% market share in Colchicine exports across 2 countries. The company exports 13 pharmaceutical products worth $73.5M across 9 therapeutic categories.
Indoco Remedies Limited — Colchicine Export Profile: Buyers & Destinations
Where Does Indoco Remedies Limited Export Colchicine?
| Country | Value | Shipments | Share |
|---|---|---|---|
| SOUTH AFRICA | $647.9K | 21 | 92.9% |
| CHILE | $49.3K | 8 | 7.1% |
Indoco Remedies Limited exports Colchicine to 2 countries. The largest destination is SOUTH AFRICA accounting for 92.9% of Indoco Remedies Limited's Colchicine shipments. These destinations reflect Indoco Remedies Limited's established distribution network and regulatory approvals in key markets.
Who Are the Top Buyers of Colchicine from Indoco Remedies Limited?
| Buyer | Country | Value | Orders |
|---|---|---|---|
| TO THE ORDER | SOUTH AFRICA | $139.2K | 3 |
Indoco Remedies Limited supplies Colchicine to 1 buyers globally. The largest buyer is TO THE ORDER (SOUTH AFRICA). These buyers represent pharmaceutical distributors, hospital groups, and government procurement agencies in their respective markets.
What Is India's Total Colchicine Export Value and How Much Does Indoco Remedies Limited Contribute?
India exported $12.0M worth of Colchicine through 1,739 shipments from 177 suppliers to 85 countries, serving 320 buyers globally. Indoco Remedies Limited contributes $733.8K to this total, accounting for 3.5% of India's Colchicine exports. Indoco Remedies Limited ships Colchicine to 2 countries through 1 buyers.
What Is the Average Shipment Value for Indoco Remedies Limited's Colchicine Exports?
Indoco Remedies Limited's average Colchicine shipment value is $25.3K per consignment, based on 29 shipments totaling $733.8K. The largest destination is SOUTH AFRICA (92.9% of Indoco Remedies Limited's Colchicine exports).
How Does Indoco Remedies Limited Compare to Other Indian Colchicine Exporters?
Indoco Remedies Limited ranks #8 among 177 Indian Colchicine exporters with a 3.5% market share. The top 3 exporters are ANNORA PHARMA PRIVATE LIMITED ($2.1M), ALKEM LABORATORIES LIMITED ($1.7M), BRAWN LABORATORIES LIMITED ($1.6M). Indoco Remedies Limited processed 29 shipments to 2 destination countries.
What Colchicine Formulations Does Indoco Remedies Limited Export?
| Product Description / Formulation | Value | Shipments |
|---|---|---|
| COLCHICINE 0.5 MG TABLETS (GOLCIN OTC) ( | $95.5K | 2 |
| COLCHICINE 0.5 MG TABLETS (EACH TABLET CONTAINS: COLCHICINE PH.EUR 0.5MG | $69.1K | 4 |
| COLCHICINE 0 5MG TABLETS PACK OF 2 X 6S EACH UNCOATED TABLET CONTAINS COLCHICINE PH EUR 0 5 MG BATCH NO 23010060 230 | $50.0K | 1 |
| COLCHICINE 0.5MG TABLETS EACH TABLET CONTAINS: COLCHICINE PH. EUR 0.5 MG PACKOF 2 X 6S. | $50.0K | 1 |
| COLCHICINE 0.5 MG TABLETS (EACH TABLET CONTAINS: COLCHICINE PH.EUR 0.5MG ) | $50.0K | 1 |
| COLCHICINE 0.5MG TABLETS, PACK OF 2 X 6'S (EACH TABLET CONTAINS: COLCHICINE PH.EUR. 0.5MG) | $50.0K | 1 |
| COLCIN COLCHICINE 0 5MG TABLETS PACK OF 2 X 6 S Each uncoated tablet contains Colchicine Ph Eur 0 5 mg | $50.0K | 1 |
| COLCHICINE 0 5MG TABLETS GOLCIN OTC PACK OF 2 X 6 S Each uncoated tablet contains Colchicine 500 mcg 0 5mg Batch N | $39.2K | 1 |
| COLCHICINE 0.5MG TABLETS, (EACH TABLET CONTAINS: COLCHICINE PH EUR 0.5MG ) 50S (11,816 PAC) | $35.5K | 1 |
| COLCHICINE 0.5MG TABLETS, (EACH UNCOATED TABLET CONTAINS: COLCHICINE PH. EUR 0.5MG) (11747 CON)NOS | $35.5K | 3 |
Indoco Remedies Limited exports 18 distinct Colchicine formulations including tablets, capsules, syrups, and combination drugs. The top formulation is COLCHICINE 0.5 MG TABLETS (GOLCIN OTC) ( with 2 shipments worth $95.5K.
Regulatory Requirements: Exporting Colchicine to Key Markets
What Indoco Remedies Limited must comply with to export Colchicine to its top destination countries
South Africa — SAHPRA
Approval Process
Registration under SAHPRA guidelines (CTD format). Bioequivalence required for generics.
Timeline: 24–48 months (significant backlog)
GMP & Export Requirements
WHO GMP or PIC/S GMP compliance
Certificate of Pharmaceutical Product from CDSCO; Import permit per Section 22A of Medicines Act
Note: Known registration backlog. WHO Prequalification significantly assists the process.
Regulatory information is provided for general reference based on publicly available guidelines. Requirements vary by formulation, dosage form, and therapeutic classification. Exporters should consult qualified regulatory affairs professionals for case-specific guidance.
How Does Indoco Remedies Limited Compare to Nearest Colchicine Exporters?
Exporters ranked immediately above and below #8 by export value
| # | Supplier | Export Value | Shipments | Countries | Avg/Shipment |
|---|---|---|---|---|---|
| 5 | PAR FORMULATIONS PRIVATE LIMITED | $1.0M | 20 | 1 | $50.0K |
| 7 | MACLEODS PHARMACEUTICALS LTD | $753.3K | 45 | 10 | $16.7K |
| 8 | INDOCO REMEDIES LIMITED ★ | $733.8K | 29 | 2 | $25.3K |
| 9 | VERGO PHARMA RESEARCH LABORATORIES PRIVATE LIMITED | $480.4K | 47 | 1 | $10.2K |
| 10 | XL LABORATORIES PRIVATE LIMITED | $459.0K | 39 | 5 | $11.8K |
Indoco Remedies Limited ranks #8 among 177 Indian Colchicine exporters. Average shipment value of $25.3K compared to the market average of $67.5K. The closest competitors by value are PAR FORMULATIONS PRIVATE LIMITED and MACLEODS PHARMACEUTICALS LTD.
Which Indian Ports Ship Colchicine Exports?
| Port | Shipments | % Share |
|---|---|---|
| SAHAR AIR | 306 | 17.6% |
| DELHI AIR CARGO ACC (INDEL4) | 293 | 16.8% |
| SAHAR AIR CARGO ACC (INBOM4) | 225 | 12.9% |
| DELHI AIR | 187 | 10.8% |
| NHAVA SHEVA SEA (INNSA1) | 100 | 5.8% |
| Bombay Air | 69 | 4.0% |
| JNPT/ NHAVA SHEVA SEA | 58 | 3.3% |
| Delhi Air | 51 | 2.9% |
What Other Lipid & Metabolism Products Does Indoco Remedies Limited Export?
Indoco Remedies Limited also exports these lipid & metabolism products. Each links to the detailed product page.
Geopolitical & Trade Policy Impact on Indoco Remedies Limited's Colchicine Exports
The current geopolitical landscape presents both challenges and opportunities for Indian pharmaceutical exporters like Indoco Remedies. The Israel-Iran conflict has led to disruptions in Red Sea shipping routes, causing increased shipping costs and extended transit times. These maritime challenges are particularly impactful for time-sensitive pharmaceutical shipments, necessitating strategic adjustments in logistics and supply chain management. (pharmaceuticalcommerce.com)
Conversely, escalating US-China trade tensions have prompted the United States to seek alternative sources for pharmaceuticals, potentially benefiting Indian exporters. However, the imposition of new tariffs by the US administration, with rates reaching up to 39% on imports from countries including India, poses a significant threat. These tariffs could affect approximately 55% of India's exports to the US, compelling companies like Indoco to reassess pricing strategies and explore new markets to mitigate potential revenue losses. (apnews.com)
In the European Union, stringent regulatory changes, such as the Falsified Medicines Directive, demand enhanced compliance measures from exporters. For Indoco, this necessitates investments in serialization and traceability technologies to ensure continued access to the EU market.
Indoco Remedies Limited — Regulatory Compliance & Quality Standards
Compliance with international regulatory standards is paramount for Indian pharmaceutical exporters. Indoco Remedies has faced challenges in this arena; for instance, the company's Goa sterile facility was placed under Official Action Indicated status by the USFDA, indicating significant compliance issues. Such regulatory setbacks can impede market access and necessitate substantial remediation efforts. (alphastreet.com)
The broader Indian pharmaceutical industry has also encountered increased scrutiny, with the USFDA conducting over 200 inspections in 2023 and planning to escalate this number in 2024. This heightened oversight underscores the critical importance of stringent quality control and compliance measures for companies like Indoco to maintain and expand their export markets. (fact.net.in)
About Indoco Remedies Limited
Indoco Remedies Limited exports 13 products worth $73.5M. Beyond Colchicine, top products include Allopurinol, Paracetamol, Tramadol, Albendazole, Montelukast. View the complete Indoco Remedies Limited profile for full portfolio analysis.
Market Intelligence
Latest developments and market context
Detailed market intelligence for Colchicine — 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.Product Matching: Colchicine shipments identified using fuzzy matching on DGFT product description fields, validated against Indian Pharmacopoeia nomenclature.
- 2.Supplier Identification: Indoco Remedies Limited matched across shipments using name normalization, accounting for company name formatting variations.
- 3.Statistical Normalization: Shipment values are statistically normalized to ensure accurate market share representation. This removes the impact of unusually large one-off transactions that could distort company rankings.
- 4.Verified Records: This page is backed by 29 individual customs records matching Indoco Remedies Limited exporting Colchicine, covering 18 formulations to 2 countries via 1 buyers.
Government-Sourced Data
Official DGFT customs records
Transparent Methodology
Calculations fully disclosed above
Global Coverage
Exports to 85+ countries, 320+ buyers
Expert-Reviewed
Analyzed by pharmaceutical trade specialists
Get Colchicine Export Data from Indoco Remedies Limited
Access shipment-level details, pricing data, buyer connections, and competitive analysis for Indoco Remedies Limited's Colchicine exports. TransData Nexus provides verified Indian Customs (DGFT) data trusted by pharmaceutical trade professionals worldwide.
Indoco Remedies Limited
Full Company Profile →
13 products · $73.5M total trade · 9 categories
Colchicine Stats
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Trade data sourced from Indian Customs (DGFT) export shipment records. Values represent FOB export value in USD. Market share calculated relative to total Indian pharmaceutical exports for Colchicine. For current shipment-level data, contact TransData Nexus.