Indian Miconazole Exporters: Complete Supplier Ranking with Market Share — 365 Manufacturers (2026) — TransData Nexus

Q: Who is the largest miconazole supplier from India?

ENCUBE ETHICALS PRIVATE LIMITED is the largest miconazole exporter from India with a 28.3% market share and export value of $5.6M.

Q: How many miconazole suppliers are there in India?

There are 365 active miconazole exporters in India, collectively shipping $19.8M worth of miconazole across 3,584 shipments according to Indian Customs (DGFT) records.

Q: What is the market share of top miconazole suppliers from India?

The top 5 miconazole suppliers from India — ENCUBE ETHICALS PRIVATE LIMITED, MEPRO PHARMACEUTICALS PRIVATE LIMITED, LEBEN LABORATORIES PRIVATE LIMITED, KUSUM HEALTHCARE PRIVATE LIMITED, BLUE CROSS LABORATORIES PRIVATE LIMITED — together control 50.8% of total miconazole export value from India.

Suresh Sormare

Miconazole

India Pharmaceutical Trade Intelligence

$19.8M365 Suppliers148 CountriesHS 30049099

ExportsIndia → UNITED STATES30.5%India → SRI LANKA7.4%

ImportsFRANCE → India$200.3K UNITED KINGDOM → India$132.9K

#1 Supplier: ENCUBE ETHICALS #1 Buyer: PL DEVELOPMENTS

Miconazole Suppliers from India (2026) — 365 Exporters, $19.8M Market | TransData Nexus | TransData Nexus

Who Exports Miconazole from India — 365 Suppliers Behind a $19.8M Market

India's miconazole export market is supplied by 365 active exporters who collectively shipped $19.8M across 3,584 shipments. ENCUBE ETHICALS PRIVATE LIMITED leads with a 28.3% market share, followed by MEPRO PHARMACEUTICALS PRIVATE LIMITED and LEBEN LABORATORIES PRIVATE LIMITED. The top 5 suppliers together control 50.8% of total export value, reflecting a moderately competitive market structure.

Source: Indian Customs (DGFT)·Published April 2026

India's Top Miconazole Suppliers & Exporters — 365 manufacturers, $19.8M export market, top destinations and formulations — Miconazole supplier data — 365 exporters · $19.8M market · 3,584 shipmentsTransData Nexus · Indian Customs Data

Top Miconazole Exporters from India — Ranked by Export Value

ENCUBE ETHICALS PRIVATE LIMITED is the leading miconazole exporter from India, holding a 28.3% share of the $19.8M market across 3,584 shipments from 365 exporters. The top 5 suppliers — ENCUBE ETHICALS PRIVATE LIMITED, MEPRO PHARMACEUTICALS PRIVATE LIMITED, LEBEN LABORATORIES PRIVATE LIMITED, KUSUM HEALTHCARE PRIVATE LIMITED, BLUE CROSS LABORATORIES PRIVATE LIMITED — collectively control 50.8% of total export value, indicating a moderately concentrated market. Individual shares are: ENCUBE ETHICALS PRIVATE LIMITED (28.3%), MEPRO PHARMACEUTICALS PRIVATE LIMITED (7.8%), LEBEN LABORATORIES PRIVATE LIMITED (5.4%), KUSUM HEALTHCARE PRIVATE LIMITED (4.7%), BLUE CROSS LABORATORIES PRIVATE LIMITED (4.6%).

Top Miconazole Exporters from India

Ranked by export value · 365 active suppliers · Indian Customs (DGFT) data

Apr 2026

Top Miconazole Exporters from India — Ranked by Export Value. 365 active suppliers with export value, shipments, countries and formulations data compiled from Indian Customs records by TransData Nexus.
#	Supplier & Formulations	Value	Ships.	Ctry.	Share
1

Supplier Certification & Compliance Matrix

FDA, WHO-GMP, and EU GMP status for top Miconazole exporters

Certification and compliance status for top Miconazole suppliers from India
Supplier	US FDA	WHO-GMP	EU GMP	ANDAs	Notes
Encube Ethicals Private Limited	Not Listed	Yes, as of April 5,	No	Not verified	WHO-GMP certified for ointment production.
Galentic Pharma (India) Private Limited	Not Listed	Yes	No	Not verified	WHO-GMP certified manufacturer.
Cipla Limited	Approved	Yes	Yes	Multiple	Holds multiple FDA approvals and WHO-GMP certification.
Keshava Organics Pvt. Ltd.	Warning Letter, March 15,	No	No	Not verified	Received FDA warning letter for CGMP violations.
Malladi Drugs & Pharmaceuticals Ltd.	Warning Letter, March 9,	No	No	Not verified	Received FDA warning letter for CGMP violations.
Alchymars ICM SM Private Limited	Warning Letter, February	No	No	Not verified	Received FDA warning letter for CGMP violations.
Reine Lifescience	Warning Letter, May 9, 20	No	No	Not verified	Received FDA warning letter for CGMP violations.
Goran Pharma Pvt Ltd	Warning Letter, April 24,	No	No	Not verified	Received FDA warning letter for CGMP violations.
Lijiang Yinghua Biochemical and Pharmaceutical Co., Ltd.	Warning Letter, April 19,	No	No	Not verified	Received FDA warning letter for CGMP violations.
Nox Bellcow Cosmetics Co. Ltd.	Warning Letter, May 9, 20	No	No	Not verified	Received FDA warning letter for CGMP violations.

TransData Nexus reviewed the regulatory standing of 10 leading Miconazole exporters from India. 1 hold US FDA facility approvals, 3 maintain WHO-GMP certification, and 1 are EU GMP compliant. 7 suppliers have received FDA regulatory actions — buyers should verify current remediation status before placing orders. For regulated markets (US, EU, Australia), prioritise suppliers with active FDA or EU GMP approvals. For semi-regulated markets (Africa, ASEAN, Latin America), WHO-GMP certification is the minimum recommended standard.

Certification status compiled from publicly available regulatory databases including FDA Orange Book, WHO Prequalification database, and EMA GMP registry. Buyers should independently verify compliance status with the relevant regulatory authority before placing orders.

TransData Nexus Research · Mar 2026

Manufacturing Hub Analysis — Vendor Proximity

India's pharmaceutical clusters relevant to Miconazole sourcing

1Hyderabad — Bulk Drug Capital

Hyderabad, often referred to as the "Bulk Drug Capital of India," hosts over 800 pharmaceutical companies, including major players like Dr. Reddy’s Laboratories and Aurobindo Pharma. The city is renowned for its production of Active Pharmaceutical Ingredients (APIs), vaccines, and biologics. The presence of Genome Valley, India's first biotech cluster, along with institutions like the National Institute of Pharmaceutical Education and Research (NIPER), provides a robust infrastructure for pharmaceutical manufacturing and research.

2Ahmedabad-Vadodara — Formulations Hub

The Ahmedabad-Vadodara corridor in Gujarat is a significant hub for pharmaceutical formulations, contributing nearly 28% of India's pharma production. This region is home to companies such as Zydus Cadila and Torrent Pharmaceuticals. The well-established infrastructure, including ports and transportation networks, facilitates efficient manufacturing and distribution.

3Mumbai-Thane-Raigad — Export Gateway

The Mumbai-Thane-Raigad belt serves as a crucial export gateway for pharmaceuticals, with Mumbai being the headquarters for major companies like Cipla Limited. The region's proximity to international ports and a well-developed logistics network make it a strategic location for exporting pharmaceutical products, including Miconazole, to global markets.

Recent M&A, Collaborations & Capacity Expansions

Industry developments among top Miconazole exporters from India

February 2026

M&A

Encube Ethicals Private Limited — Warburg Pincus and Mubadala to acquire majority stake in Encube Ethicals

A consortium led by Warburg Pincus and Abu Dhabi's Mubadala Investment Company has emerged as the frontrunner to acquire up to a 74% stake in Encube Ethicals, valuing the company at approximately $1.8 billion. - IMPACT: This acquisition is expected to enhance Encube's financial resources, potentially boosting its Miconazole production and export capabilities.

Impact: This acquisition is expected to enhance Encube's financial resources, potentially boosting its Miconazole production and export capabilities.

June 2021

M&A

Encube Ethicals Private Limited — Encube Ethicals secures funding from Quadria Capital and others at $800 million valuation

Encube Ethicals raised $100-120 million from Quadria Capital and co-investors, including Gulf Islamic Investments, providing an exit for early backer Multiples Private Equity. - IMPACT: The infusion of capital was aimed at launching new product lines, potentially influencing Miconazole production and exports.

Impact: The infusion of capital was aimed at launching new product lines, potentially influencing Miconazole production and exports.

Common Questions — Miconazole Suppliers from India

Answers based on Indian Customs (DGFT) shipment records compiled by TransData Nexus

Q Which miconazole supplier from India is the most reliable for bulk orders?

Based on shipment frequency and export consistency, ENCUBE ETHICALS PRIVATE LIMITED leads with 203 recorded shipments worth $5.6M. MEPRO PHARMACEUTICALS PRIVATE LIMITED (115 shipments) and LEBEN LABORATORIES PRIVATE LIMITED (102 shipments) are also established high-volume exporters.

Q How many miconazole manufacturers are there in India?

India has 365 active miconazole exporters with a combined export market of $19.8M across 3,584 shipments to 148 countries. The top 5 suppliers hold 50.8% of total export value.

Q What certifications should I verify?

Verify: WHO-GMP certification (most markets), US FDA approval (United States), EU GMP certificate (EU/EEA), and Free Sale Certificate from CDSCO. Always request a Certificate of Analysis (CoA) and Certificate of Origin (CoO).

Official References & Regulatory Resources

Research Methodology & Data Transparency

Suresh Sormare

Verified Author

Pharmaceutical 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/sureshsormare

Primary 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.

Miconazole

Miconazole

Who Exports Miconazole from India — 365 Suppliers Behind a $19.8M Market

Top Miconazole Exporters from India — Ranked by Export Value

Top Miconazole Exporters from India

Related Analysis

Need Details?

Supplier Certification & Compliance Matrix

Manufacturing Hub Analysis — Vendor Proximity

1Hyderabad — Bulk Drug Capital

2Ahmedabad-Vadodara — Formulations Hub

3Mumbai-Thane-Raigad — Export Gateway

Recent M&A, Collaborations & Capacity Expansions

Encube Ethicals Private Limited — Warburg Pincus and Mubadala to acquire majority stake in Encube Ethicals

Encube Ethicals Private Limited — Encube Ethicals secures funding from Quadria Capital and others at $800 million valuation

Common Questions — Miconazole Suppliers from India

Q Which miconazole supplier from India is the most reliable for bulk orders?

Q How many miconazole manufacturers are there in India?

Q What certifications should I verify?

Official References & Regulatory Resources

Research Methodology & Data Transparency

Suresh Sormare

Primary Data Source

4Baddi-Nalagarh — Tax Incentive Zone

5Sourcing Recommendations

Encube Ethicals Private Limited — Multiples PE in advanced talks to invest in Encube Ethicals

Q What is the typical price range for miconazole from India?

Analysis Methodology