MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-MH-26-0351706
Follex Technology Solutions Private Limited
Follex Technology Solutions Private Limited - information technology in Ichalkaranji, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2024
₹1.62 Cr
▲ 595% YoY
Net profit · FY 2024
₹9 Lakh
Net margin 5.6%
EBITDA · FY 2024
₹12.1 Lakh
EBITDA margin 7.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Follex Technology Solutions Private Limited
Data last updated:
Follex Technology Solutions Private Limited is a private limited company based in Ichalkaranji, Maharashtra, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 12 November 2022.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2022PTC216042.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anand Suresh Jhanwar and Priti Karwa.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H.No. 4/95 Madanlal Bohara Co Op Mkt, Ichalkaranji, Maharashtra, India – 416115.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.62 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9 Lakh (net margin 5.6%) and EBITDA of ₹12.1 Lakh (EBITDA margin 7.5%).
Follex Technology Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0351706). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Follex Technology Solutions Private Limited
CIN U72900PN2022PTC216042
Registration Number 216042
Incorporation Date 12 November 2022
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0351706
Recognitions & Rankings of Follex Technology Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressH.No. 4/95 Madanlal Bohara Co Op Mkt, Ichalkaranji, Maharashtra, India – 416115
- IndustryInformation Technology, Other Computer Related Activities
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Business Activity of Follex Technology Solutions Private Limited
The main business activity of Follex Technology Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Follex Technology Solutions Private Limited FY 2025 filings available
Follex Technology Solutions Private Limited reported revenue of ₹1.62 Cr (up 595% YoY) for FY 2024.
Revenue · FY 2024
₹1.62 Cr ▲ 595%
Net profit · FY 2024
₹9 Lakh margin 5.6%
EBITDA · FY 2024
₹12.1 Lakh margin 7.5%
Compounded Annual Growth Rate (CAGR) of Follex Technology Solutions Private Limited
Revenue CAGR growth
1 year
▲ 595%
Revenue rose 595% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Follex Technology Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹12.1 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹9 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 Follex Technology Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.5% | •••• |
| Net Profit Margin | 5.6% | •••• |
| 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 Follex Technology Solutions are in the company report.
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Financial statements from FY 2023
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Follex Technology Solutions Private Limited
Follex Technology Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Suresh Jhanwar Also directs: Hotelicca Business Private Limited | Director | 12 Nov 2022 | 3 Years 11 Months | Current |
| Priti Karwa | Director | 12 Nov 2022 | 3 Years 11 Months | Current |
Peer Comparison of Follex Technology Solutions Private Limited
Follex Technology Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Aswini Integrated Technologies (India) Private Limited | ₹1.62 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Hyderabad, Telangana, India |
| Lynx Computers Pvt Ltd | ₹1.62 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Indylogix Solutions Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Ahmedabad, Gujarat, India |
| Silverclouding Consultancy Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Qualitime Software Private Limited | ₹1.62 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Coimbatore, Tamil Nadu, India |
| Follex Technology Solutions Private Limited this company | ₹1.62 Cr (FY 2024) | •••• | •••• | 595.0% | •••• | Ichalkaranji, Maharashtra, India |
| Hcapital Technologies Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Mumbai, Maharashtra, India |
| Healware Solutions Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Ahmedabad, Gujarat, India |
| Reon Technologies Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | 202.0% | •••• | Mukundapuram, Kerala, India |
| K.S.G Solutions India Private Limited | ₹1.62 Cr (FY 2020) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| Piculets Solutions Private Limited | ₹1.61 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Follex Technology Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Follex Technology Solutions Private Limited
Follex Technology Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Follex Technology Solutions Private Limited
Employment history and EPFO contributions of people linked to Follex Technology Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Follex Technology Solutions Private Limited
Follex Technology Solutions Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Anand Suresh Jhanwar was appointed as Director on 12 Nov 2022.
AGM
Follex Technology Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Follex Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Anand Suresh Jhanwar was appointed as Director.
Appointed
Priti Karwa was appointed as Director.
Incorporation
12 Nov 2022
Follex Technology Solutions Private Limited was registered on 12 Nov 2022 with Roc Pune & aged 3 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Follex Technology Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Follex Technology Solutions Private Limited
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MSME payment history
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Subsidiaries & Group Companies of Follex Technology Solutions Private Limited
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Corporate group structure
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GST Compliance of Follex Technology Solutions Private Limited
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GST registrations and filing compliance
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MCA Filings & Documents of Follex Technology Solutions Private Limited
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MCA filings and documents
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Frequently Asked Questions about Follex Technology Solutions Private Limited
Follex Technology Solutions is an active private limited company based in Ichalkaranji, Maharashtra, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 12 November 2022 (4+ years old) and is registered under CIN U72900PN2022PTC216042.
Follex Technology Solutions reported revenue of ₹1.62 Cr for FY 2024 (up 595% YoY).
Follex Technology Solutions has 2 current directors:
- Anand Suresh Jhanwar - Director
- Priti Karwa - Director
Follex Technology Solutions reported a net profit of ₹9 Lakh (net margin 5.6%) and EBITDA of ₹12.1 Lakh (EBITDA margin 7.5%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Follex Technology Solutions is U72900PN2022PTC216042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Follex Technology Solutions was incorporated on 12 November 2022, making it 4+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Follex Technology Solutions by revenue are Aswini Integrated Technologies (India) Private Limited, Lynx Computers Pvt Ltd, Indylogix Solutions Private Limited, Silverclouding Consultancy Private Limited, Qualitime Software Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Anand Suresh Jhanwar was appointed as Director on 12 Nov 2022. Priti Karwa was appointed as Director on 12 Nov 2022.
Yes, Follex Technology Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0351706).
The registered office of Follex Technology Solutions is at H.No. 495 Madanlal Bohara Co Op Mkt, Ichalkaranji, Maharashtra, India – 416115.
Follex Technology Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.