Thermoflyde Industries Private Limited, a producer of ceramic and speciality metal products, will establish new facilities in Hyderabad and Bhuj. With an investment of INR 350 million, the Hyderabad site will focus on producing high-purity powders for use in electric vehicles and aerospace applications.
The company manufactures ceramic and speciality metal solutions for steel, defence and space industries. It reported revenue growth from INR 1.4 million in 2019 to about INR 500 million in 2025. The company also stated that it has had no customer churn during the past three years.
Founded in 2018, Thermoflyde serves more than 100 clients, including Indian public sector undertakings such as MIDHANI and BHEL, ordnance factories, and international steel plants in the Middle East, Africa, and South Asia. The company aims to capture 10 percent of India’s INR 100 billion refractory market and is planning a small and medium enterprise (SME) initial public offering by 2026.
Thermoflyde Industries is a Hyderabad-based manufacturer of refractory products, including precast and pre-fired shapes, flow control refractories, monolithic refractories, and high alumina bricks for steel, defence, and space sectors.
