Systematic Literature Review involves objective data collection and analysis of the literature with predefined criteria. Systematic reviews forms basis for Meta Analyses of gathered data. Unlike the general notion that systematic reviews are only used for producing high impact review research articles in the academia, the same technique can be used in the industrial domain for Patent competitive analysis, Reverse Engineering, Corporate strategy formulation, New product development, Market research etc. The peer reviews consider Systematic Literature reviews over traditional literature reviews as it is more objective with less bias making it reproducible and updatable. This Flames Research Series -01 as envisaged by the Department of Mechanical Engineering, is aimed at Academic version of Systematic Literature Review. This will be followed by Industrial Systematic review as part of Flames Research Series -02.