Folderhighlight is described as 'FolderHighlight is a small but powerful tool that changes the visual appearance of the folders in your PC. With FolderHighlight you can quickly change the color of any folder'. There are three alternatives to Folderhighlight for Windows and Windows Explorer. The best alternative is Folder Marker, which is free. Other great apps like Folderhighlight are Folder Colorizer (Freemium) and LabelsWin (Freemium).
Windows Explorer is too boring? Color it up! Assign any color to any folder – just right-click a folder and choose “Colorize”! Supports your own colors, labels and works seamlessly with any version of Windows.
LabelsWin file and folder colour icon labels for Windows Explorer. Allows you to mimic the OsX feature to color-tag files and folders. There is a lite version that only works on folders, tried on Windows 7 and it didnt work, it claims compatibility.