Encube Ethicals Private Limited
Indian Pharmaceutical Exporter ยท Antifungals Specialist ยท $57.5M Total Trade ยท DGFT Verified
Encube Ethicals Private Limited is an Indian pharmaceutical exporter with a total trade value of $57.5M across 11 products in 9 therapeutic categories. Based on 1,714 verified export shipments from Indian Customs (DGFT) records, Encube Ethicals Private Limited is the #1 Indian exporter in 3 products including Clindamycin, Miconazole, Soframycin. Top exports include Clindamycin ($14.6M), Diclofenac ($10.1M), Clotrimazole ($10.0M).
Encube Ethicals Private Limited โ Export Portfolio & Destination Treemap

Who is Encube Ethicals Private Limited? โ Company Overview & Market Position
Encube Ethicals Private Limited, established on September 7, 1995, is a privately held pharmaceutical company headquartered in Mumbai, Maharashtra, India. The company specializes in the manufacture of finished pharmaceutical formulations, focusing on topical preparations such as creams, ointments, gels, lotions, and solutions. Its Corporate Identification Number (CIN) is U24230MH1995PTC092485.
As of March 2026, Encube Ethicals has an authorized capital of โน150 crore and a paid-up capital of โน101.27 crore. The company is led by a team of directors, including Mehul Madhusudan Shah (Managing Director), Nilesh Navinchandra Maniar, Amit Varma, Madhusudan Nyalchand Shah, Himanshu Mahendra Gandhi, and Jinaraja Sanjeeva Poojary. The company employs between 250 to 500 individuals, reflecting its significant presence in the pharmaceutical manufacturing sector.