About Folksco Technologies Private Limited
Data last updated:
Folksco Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2012PTC085039. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kavitaa Navnitkrishna and Navnit Krishna Jagadeeswaran.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Old # 8 New # 59 Nerkundram Road Krishnan Colony Vadapalani, Chennai, Tamil Nadu, India – 600026.
As per the financials filed for FY 2021, the company reported a revenue of ₹23.09 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹2.79 Lakh (net margin -12.1%) and EBITDA of -₹2.44 Lakh (EBITDA margin -10.6%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 14% over five years.
The company is associated with 2 brands: Airbots and Vedic Folks.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vedicfolks.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOld # 8 New # 59 Nerkundram Road Krishnan Colony Vadapalani, Chennai, Tamil Nadu, India – 600026
- IndustryInformation Technology, IT Consulting & Support Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business Activity of Folksco Technologies Private Limited
The main business activity of Folksco Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Folksco Technologies Private Limited FY 2021 filings available
Folksco Technologies Private Limited reported revenue of ₹23.09 Lakh (down 61% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Folksco Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 61% fall in the latest year. EBITDA rose 46% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Folksco Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.79 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Folksco Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Folksco Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Folksco Technologies Private Limited
Folksco Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Slokatech Solutions (OPC) Private Limited | ₹23.13 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Darklend Private Limited | ₹23.12 Lakh (FY 2021) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Proexperty Softech Division Private Limited | ₹23.1 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Jaipur, Rajasthan, India |
| Cheapofarez Private Limited | ₹23.09 Lakh (FY 2024) | •••• | •••• | -83.0% | •••• | New Delhi, Delhi, India |
| Sirena Technologies Private Limited | ₹23.09 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Bengaluru, Karnataka, India |
| Folksco Technologies Private Limited this company | ₹23.09 Lakh (FY 2021) | •••• | •••• | -61.0% | •••• | Chennai, Tamil Nadu, India |
| Rawtek Engineering Private Limited | ₹23.08 Lakh (FY 2024) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| Decoro Software Solutions Private Limited | ₹23.07 Lakh (FY 2023) | •••• | •••• | -83.0% | •••• | Mohali, Punjab, India |
| Bytesong Private Limited | ₹23.07 Lakh (FY 2024) | •••• | •••• | 330.0% | •••• | Hathras, Uttar Pradesh, India |
| Uvg Technologies (OPC) Private Limited | ₹23.06 Lakh (FY 2025) | •••• | •••• | -41.0% | •••• | Panchkula, Haryana, India |
| Fanmart Media Private Limited | ₹23.06 Lakh (FY 2024) | •••• | •••• | 107.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Folksco Technologies by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Folksco Technologies Private Limited
Folksco Technologies Private Limited is audited by V RAMARATNAM & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V RAMARATNAM & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Folksco Technologies Private Limited
Folksco Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavitaa Navnitkrishna | Director | 20 Mar 2012 | 14 Years 6 Months | Current |
| Navnit Krishna Jagadeeswaran | Director | 20 Mar 2012 | 14 Years 6 Months | Current |
Ownership and Shareholding of Folksco Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Folksco Technologies Private Limited
Folksco Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Folksco Technologies Private Limited
Folksco Technologies operates two associated brands: Airbots and Vedic Folks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-driven platform for efficient advertising and marketing management for businesses. | airbots.ai | |
| Offers Vedic astrology services, homams, remedies, and online consultations globally. | vedicfolks.com |
Employees and EPFO Compliance at Folksco Technologies Private Limited
Employment history and EPFO contributions of people linked to Folksco Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Folksco Technologies Private Limited
Folksco Technologies Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Kavitaa Navnitkrishna was appointed as Director on 20 Mar 2012.
Credit Ratings, Litigation & Regulatory Alerts for Folksco Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Folksco Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Folksco Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Folksco Technologies Private Limited
Folksco Technologies has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Folksco Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Folksco Technologies Private Limited
Folksco Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 March 2012 (14+ years old) and is registered under CIN U74999TN2012PTC085039.
Folksco Technologies reported revenue of ₹23.09 Lakh for FY 2021 (down 61% YoY).
Folksco Technologies has 2 current directors:
- Kavitaa Navnitkrishna - Director
- Navnit Krishna Jagadeeswaran - Director
Folksco Technologies reported a net loss of ₹2.79 Lakh (net margin -12.1%) and EBITDA of -₹2.44 Lakh (EBITDA margin -10.6%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Folksco Technologies is -36% over three years and -14% over five years. In the latest year (FY 2021) revenue fell 61%. CAGR is the steady yearly rate that links the first and the last year.
No. Folksco Technologies has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Folksco Technologies is U74999TN2012PTC085039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Folksco Technologies was incorporated on 20 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Folksco Technologies by revenue are Slokatech Solutions (OPC) Private Limited, Darklend Private Limited, Proexperty Softech Division Private Limited, Cheapofarez Private Limited, Sirena Technologies Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Kavitaa Navnitkrishna was appointed as Director on 20 Mar 2012. Navnit Krishna Jagadeeswaran was appointed as Director on 20 Mar 2012.
Yes, Folksco Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).