Folsom Finance Private Limited
About Folsom Finance Private Limited
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Folsom Finance Private Limited is a private limited company based in Amritsar, Punjab, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 14 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1995PTC016777.
The company has an authorised share capital of ₹5.3 Cr and a paid-up capital of ₹4.33 Cr. It is led by directors Vijay Mahajan (Managing Director) and Geeta Mahajan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Amritsar, Punjab.
As per the financials filed for FY 2024, the company reported a revenue of ₹45.04 Lakh, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹13.45 Lakh (net margin 29.9%) and EBITDA of ₹13.45 Lakh (EBITDA margin 29.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 13% over five years.
Court records list 30 cases involving the company, including 30 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Folsom Finance Private Limited's registered office is in Amritsar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5 – B Lane No. 2 Dasonda Singh Road Lawrence Road Extens, Ion, Amritsar, Punjab, India – 143001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Folsom Finance Private Limited, buy the company report.
- 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
Business activity
The main business activity of Folsom Finance is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Folsom Finance Private Limited, buy the company report.
Financials of Folsom Finance Private Limited
FY 2025 filings availableFolsom Finance Private Limited reported revenue of ₹45.04 Lakh (up 48% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 48% growth in the latest year. EBITDA rose 80% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹13.45 Lakh | ||||
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| Net Profit (PAT) | ₹13.45 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 29.9% | ||||
| Net Profit Margin | 29.9% | ||||
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To see the full financial statements and ratios of Folsom Finance Private Limited, buy the company report.
Board of directors of Folsom Finance Private Limited
Folsom Finance has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Mahajan Also directs: Folsom Enterprises Private Limited | Managing Director | 05 May 2017 | 9 Years 6 Months | Current |
| Geeta Mahajan | Director | 05 May 2017 | 9 Years 6 Months | Current |
Auditor
Folsom Finance Private Limited is audited by TPK & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TPK & Co. | FY 2023 | 024408N |
Shareholding
The shareholding of Folsom Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Folsom Finance Private Limited, buy the company report.
Legal cases
Folsom Finance Private Limited has 30 court cases on record: 30 filed by Folsom Finance. 1 case is pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 0 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
To see the full case history of Folsom Finance Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Folsom Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Folsom Finance Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Folsom Finance Private Limited has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Subhash Singhal ceased to be Director on 01 Mar 2019.
Frequently asked questions
Folsom Finance is an active private limited company based in Amritsar, Punjab, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 14 July 1995 (31+ years old) and is registered under CIN U65921PB1995PTC016777.
Folsom Finance has 2 current directors:
- Vijay Mahajan - Managing Director
- Geeta Mahajan - Director
The latest financial statements of Folsom Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Folsom Finance is U65921PB1995PTC016777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Folsom Finance has 30 court cases on record: 30 filed by the company. 1 is pending.
Folsom Finance was incorporated on 14 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
Subhash Singhal ceased to be Director on 01 Mar 2019. Geeta Mahajan ceased to be Additional Director on 29 Sep 2018. Neera Singhal ceased to be Director on 12 Dec 2017. Folsom Finance has 6 board changes on record in total.
The registered office of Folsom Finance is at 5 – B Lane No. 2 Dasonda Singh Road Lawrence Road Extens, Ion, Amritsar, Punjab, India – 143001.
Folsom Finance operates in the financial services industry, in the investment and credit nbfc segment.
The compliance status of Folsom Finance is compliant as of 04 September 2026. The company is actively filing with the Registrar of Companies.
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