Indian Nitroglycerin Exporters: Complete Supplier Ranking with Market Share — 191 Manufacturers (2026) — TransData Nexus

Q: Who is the largest nitroglycerin supplier from India?

RUBICON RESEARCH PRIVATE LIMITED is the largest nitroglycerin exporter from India with a 26.6% market share and export value of $2.6M.

Q: How many nitroglycerin suppliers are there in India?

There are 191 active nitroglycerin exporters in India, collectively shipping $9.7M worth of nitroglycerin across 1,254 shipments according to Indian Customs (DGFT) records.

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

The top 5 nitroglycerin suppliers from India — RUBICON RESEARCH PRIVATE LIMITED, TROIKAA PHARMACEUTICALS LIMITED, BHARAT EXPLOSIVES LIMITED, MANKIND PHARMA LIMITED, NATCO PHARMA LIMITED — together control 68.1% of total nitroglycerin export value from India.

Suresh Sormare

Nitroglycerin

India Pharmaceutical Trade Intelligence

$9.7M191 Suppliers102 CountriesHS 30049099

ExportsIndia → UNITED STATES50.5%India → MALAYSIA16.3%

ImportsUNITED STATES → India$66.1K CHINA → India$125

#1 Supplier: RUBICON RESEARCH #1 Buyer: RELIABLE HEALTHCARE

Nitroglycerin Suppliers from India (2026) — 191 Exporters, $9.7M Market | TransData Nexus | TransData Nexus

Who Exports Nitroglycerin from India — 191 Suppliers Behind a $9.7M Market

India's nitroglycerin export market is supplied by 191 active exporters who collectively shipped $9.7M across 1,254 shipments. RUBICON RESEARCH PRIVATE LIMITED leads with a 26.6% market share, followed by TROIKAA PHARMACEUTICALS LIMITED and BHARAT EXPLOSIVES LIMITED. The top 5 suppliers together control 68.1% of total export value, reflecting a concentrated market structure.

Source: Indian Customs (DGFT)·Published March 2026

India's Top Nitroglycerin Suppliers & Exporters — 191 manufacturers, $9.7M export market, top destinations and formulations — Nitroglycerin supplier data — 191 exporters · $9.7M market · 1,254 shipmentsTransData Nexus · Indian Customs Data

Top Nitroglycerin Exporters from India — Ranked by Export Value

RUBICON RESEARCH PRIVATE LIMITED is the leading nitroglycerin exporter from India, holding a 26.6% share of the $9.7M market across 1,254 shipments from 191 exporters. The top 5 suppliers — RUBICON RESEARCH PRIVATE LIMITED, TROIKAA PHARMACEUTICALS LIMITED, BHARAT EXPLOSIVES LIMITED, MANKIND PHARMA LIMITED, NATCO PHARMA LIMITED — collectively control 68.1% of total export value, indicating a moderately concentrated market. Individual shares are: RUBICON RESEARCH PRIVATE LIMITED (26.6%), TROIKAA PHARMACEUTICALS LIMITED (18.0%), BHARAT EXPLOSIVES LIMITED (8.4%), MANKIND PHARMA LIMITED (7.5%), NATCO PHARMA LIMITED (7.5%).

Top Nitroglycerin Exporters from India

Ranked by export value · 191 active suppliers · Indian Customs (DGFT) data

Mar 2026

Top Nitroglycerin Exporters from India — Ranked by Export Value. 191 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 Nitroglycerin exporters

Certification and compliance status for top Nitroglycerin suppliers from India
Supplier	US FDA	WHO-GMP	EU GMP	ANDAs	Notes
Rubicon Research Private Limited	Approved	Unknown	Unknown	15	Received FDA approval for Valsartan Oral Solution on June 5, 2025.
Glenmark Pharmaceuticals Limited	Warning Letter (July 2025	Unknown	Unknown	Unknown	FDA issued a warning letter in July 2025 citing inadequate management oversight
Ciron Drugs and Pharmaceuticals Private Limited	Unknown	Yes	Unknown	Unknown	Manufacturing facilities certified by WHO-GMP.

TransData Nexus reviewed the regulatory standing of 3 leading Nitroglycerin exporters from India. 1 hold US FDA facility approvals, 1 maintain WHO-GMP certification, and 0 are EU GMP compliant. 1 supplier has 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 Nitroglycerin sourcing

1Hyderabad — Bulk Drug Capital

Hyderabad, often referred to as the "Bulk Drug Capital of India," contributes over 40% of the country's bulk drug production. The city hosts numerous pharmaceutical companies specializing in active pharmaceutical ingredients (APIs) and intermediates. Notable firms include A.R. Life Sciences, which manufactures APIs for various treatments, and Hy-Gro Chemicals, focusing on cost-effective API development. This concentration of bulk drug manufacturers positions Hyderabad as a strategic hub for sourcing nitroglycerin and related compounds.

2Ahmedabad-Vadodara — Formulations Hub

The Ahmedabad-Vadodara corridor in Gujarat is renowned for its pharmaceutical formulations industry. Vadodara, in particular, is a major hub for pharmaceutical companies, hosting numerous firms involved in the production of formulations and biogenerics. Companies like Alembic Pharmaceuticals, headquartered in Vadodara, manufacture and market a range of pharmaceutical products, including APIs and formulations. This region's focus on formulations makes it a key area for sourcing finished nitroglycerin products.

3Mumbai-Thane-Raigad — Export Gateway

Recent M&A, Collaborations & Capacity Expansions

Industry developments among top Nitroglycerin exporters from India

November 2025

M&A

Rubicon Research Private Limited — Rubicon Research acquires Alkem's Pithampur manufacturing site

Rubicon Research expanded its manufacturing capabilities by acquiring Alkem's Pithampur facility, enhancing its production capacity for various pharmaceutical products. - IMPACT: This acquisition is expected to bolster Rubicon's nitroglycerin production capacity, potentially increasing export volumes.

Impact: This acquisition is expected to bolster Rubicon's nitroglycerin production capacity, potentially increasing export volumes.

October 2023

Regulatory

Mankind Pharma Limited — CDSCO flags Mankind Pharma's Rabeprazole tablets as substandard

The Central Drugs Standard Control Organisation (CDSCO) identified Mankind Pharma's Rabeprazole Gastro Resistant Tablets as not meeting quality standards during routine testing. - IMPACT: While this pertains to a different product, such regulatory scrutiny may prompt Mankind Pharma to enhance quality controls across all products, including nitroglycerin, potentially affecting export reliability.

Impact: While this pertains to a different product, such regulatory scrutiny may prompt Mankind Pharma to enhance quality controls across all products, including nitroglycerin, potentially affecting export reliability.

Common Questions — Nitroglycerin Suppliers from India

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

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

Based on shipment frequency and export consistency, RUBICON RESEARCH PRIVATE LIMITED leads with 92 recorded shipments worth $2.6M. TROIKAA PHARMACEUTICALS LIMITED (26 shipments) and BHARAT EXPLOSIVES LIMITED (47 shipments) are also established high-volume exporters.

Q How many nitroglycerin manufacturers are there in India?

India has 191 active nitroglycerin exporters with a combined export market of $9.7M across 1,254 shipments to 102 countries. The top 5 suppliers hold 68.1% 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).

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

Average FOB unit price: $25.48 per unit, ranging from $0.01 to $1308.45. Average shipment value: $7.7K.

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.

Nitroglycerin

Nitroglycerin

Who Exports Nitroglycerin from India — 191 Suppliers Behind a $9.7M Market

Top Nitroglycerin Exporters from India — Ranked by Export Value

Top Nitroglycerin Exporters from India

Related Analysis

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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

Rubicon Research Private Limited — Rubicon Research acquires Alkem's Pithampur manufacturing site

Mankind Pharma Limited — CDSCO flags Mankind Pharma's Rabeprazole tablets as substandard

Common Questions — Nitroglycerin Suppliers from India

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

Q How many nitroglycerin manufacturers are there in India?

Q What certifications should I verify?

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

Official References & Regulatory Resources

Research Methodology & Data Transparency

Suresh Sormare

Primary Data Source

4Baddi-Nalagarh — Tax Incentive Zone

5Sourcing Recommendations

Rubicon Research Private Limited — Rubicon Research acquires Validus Pharmaceuticals

Analysis Methodology