Inflame Appliances is a kitchen-appliance manufacturer that acts as a one-stop factory for India’s leading consumer brands, making the chimneys, hobs, and cooktops those brands sell under their own names. It began in 2010 as an auto-parts shop, was taken over by the Kaushik family in 2015, and pivoted decisively when a government gas-stove scheme stalled - the company responded by bringing glass, metal fabrication, and bending in-house and expanding into chimneys, deliberately positioning itself as a domestic replacement for Chinese imports. That recurring approach - backward integrate until nearly everything is made under one roof, then offer brands a cheaper, faster, and more reliable alternative to importing - explains every product line the company has built since.
Business segments
A single integrated manufacturing engine serving Indian appliance brands - one core product that generates nearly all revenue, a smaller sibling built on the same lines, and an early-stage bet on premium built-in appliances, all sharing the same factories, processes, and import-substitution logic.
1. Kitchen chimneys: the factory that replaced China
Inflame is the largest outsourced manufacturer of chimneys in India, producing roughly 270,000 units a year for over a dozen Indian brands that would otherwise import them from China.
- Made for brands, not consumers - the company designs and builds finished chimneys to each partner’s specifications, packs them in the brand’s packaging, and dispatches them; the brand then sells to the end customer under its own label.
- Two plants, national reach - a factory in Panchkula (Haryana) and another in Hyderabad (Telangana) give Inflame a combined capacity of 600,000 chimneys per year, with the northern plant contributing about 191,000 units and the southern plant about 78,000 in FY26, so brands get shorter lead times and lower freight than from a single-location supplier.
- The China-switch pitch - after Covid disrupted imports with volatile supply and high shipping costs, Indian brands needed a reliable domestic source; Inflame stepped in and has localised over 65 chimney models in three years, competing directly with Chinese factories on cost while eliminating the ocean-freight and delay problem.
- Quiet as a selling point - the company can manufacture chimneys with noise levels below 55 decibels, a technical edge it cites when brands compare its products against alternatives.
- Scaling from a standing start - monthly chimney output has grown from 1,000 units in FY21 to an exit rate above 27,000 units in late FY26, with a newly built 50,000-square-foot expansion at Panchkula about to add capacity for another 12,000-15,000 chimneys per month.
2. Gas hobs and cooktops: the original product, now upgraded
What began as a gas-stove business supplying a government scheme has been repositioned into higher-value glass cooktops and built-in hobs for the same brand partners that buy chimneys.
- From welfare scheme to premium kitchens - the company started by making basic LPG stoves for the Pradhan Mantri Ujjwala Yojana, gaining access to over 16,000 distributors through the state oil companies, but paused participation in the scheme in late 2018 and shifted to glass-top cooktops and built-in hobs for brands like Hindware.
- Same factory, same model - hobs and cooktops run on the same integrated production lines as chimneys, using the same in-house sheet-metal and glass processing, and are sold through the same OEM contracts: Inflame builds, the brand labels.
- Deep ties with one anchor customer - Inflame once supplied over 80% of Hindware’s gas-stove demand, a relationship that later extended into chimneys and gave the company a template for converting a stove customer into a multi-product partner.
3. Emerging built-in appliances: the next import-substitution target
A small but deliberately constructed third leg - built-in ovens, wine coolers, refrigerators, and dishwashers - uses the Hyderabad plant to target premium modular-kitchen demand, anchored by an exclusive three-year supply deal with KAFF.
- An exclusive partnership as launchpad - in April 2024, Inflame signed a three-year agreement to be the exclusive Indian manufacturer of built-in refrigerators, wine coolers, hobs, ovens, and chimneys for KAFF Appliances, with a restriction that prevents Inflame from making refrigerators and wine coolers for any of KAFF’s competitors during that period.
- Building products that are still imported - the pipeline includes dishwashers, built-in ovens, OTGs (oven toaster grillers), and microwaves, all categories where Indian brands currently rely on overseas suppliers, giving Inflame the same substitution opportunity it already captured in chimneys.
- Early revenue, concentrated location - this category currently contributes 5-10% of revenue and is developed primarily at the Hyderabad plant, which was built with the extra processes and space needed for these more complex products.
In-house manufacturing and backward integration
The operational backbone that makes every product line possible: roughly 90% of the production process happens inside Inflame’s own two plants, from raw sheet metal and glass to the finished, packed appliance.
- Near-zero Chinese dependence - the company cut its imported raw-material reliance from China from 50-60% in FY21 to almost nothing by FY24, sourcing only PCB switches from China to keep costs down.
- Quality checks at every stage - incoming materials, in-house components, and finished products all pass through inspection gates, with the company targeting a rejection and warranty-claim rate below 1%.
Group structure and partners
Inflame is a standalone listed company with no subsidiaries, but it has recently spun out two new entities - one for sheet-metal fabrication and one for electronics - to push its backward-integration strategy even further into motors and circuit boards.
- A public company with a family-run core - listed on the BSE SME platform since 2018, the company is led by the Kaushik family: Aditya Kaushik (CMD) runs operations and logistics, Amit Kaushik (CEO/CFO) handles strategy and sales, and Anusheel Kaushik (Whole-Time Director, a mechanical engineer who worked at BMW and Porsche consulting) leads the Hyderabad plant.
- Flamecraft Industries: a fabrication arm - incorporated in September 2025 as a 51%-held LLP, it is building a new manufacturing facility in Telangana for sheet-metal products, glass integration, powder coating, and household appliances.
- Tricoree Machmatrix: the electronics bet - incorporated in May 2026 with a 34% stake, this associate company will manufacture BLDC motors (phase one), then PCBs and embedded electronics (phase two), and eventually IoT-enabled smart controls, aiming to replace Chinese imports of motors and electronic parts that are currently bought from outside.
- A roster of brand partners - the company’s customers include IFB, Crompton, Hindware, Havells, KAFF, Wonderchef, Sunflame, Inalsa, Livpure, V-Guard, and Flipkart, among others; Havells grew its order book multi-fold in FY26, while Hindware returned to normal ordering after a leadership transition.