The former world number one duo had been sidelined from competitive action post the Paris Olympics due to Satwik's shoulder injury.
With the 2028 Los Angeles Olympics as their primary target, Satwik and Chirag are determined to make a strong comeback and secure a medal.
P V Sindhu bowed out, while H S Prannoy and Lakshya Sen scored hard-fought wins to advance in the Hong Kong Open Super 500 tournament.
Later in the day, Commonwealth Games champion Lakshya Sen will face Chico Aura Dwi Wardoyo of Indonesia.
The Indians, who were also Asian champions, defeated the current world champions in 43 minutes.
Satwik and Chirag thus stood just one step away from their second Super 1000 title, having won the first one at the Indonesian Open in June last year.
London Olympics bronze medallist Saina Nehwal made another first-round exit, losing 15-21, 8-21 to Thailand's fourth seed Busanan Ongbamrungphan in the women's singles event.
The Indian duo outclassed the Danish pair of Jeppe Bay and Lasse Molhede in the quarter-finals.
However, Birmingham Commonwealth Games bronze medallists Treesa Jolly and Gayatri Gopichand bowed out of the tournament after losing their opening women's doubles match in straight games.
A fast and fluent Lakshya Sen ended a difficult stretch on the international circuit by defeating Japan's Yushi Tanaka in the men's singles final of the US $475,000 Australian Open Super 500 and clinching his first title of the season, in Sydney, on Sunday.
Sindhu, Lakshya to head India's campaign at Asian C'ships
This was their third semifinal appearance on the BWF Tour this season, having earlier reached the last four at the Singapore Open and India Open.
Rankireddy and Shetty won 21-12, 21-16 in a quarterfinal match that lasted 49 minutes.
Despite the name, Indian success at the tournament hasn't been particularly regular with none from the host nation winning any title in the past two editions.
Indian shuttlers handed tough draws, Lakshya Sen to face world No 1 Shi Yu Qi in opener
Ton-up Desai helps Saurashtra make semis
Earlier, a series of unforced errors and bad line judgements put Srikanth, world ranked 24, on the back foot as world No. 20 Ka Long looked in fine fettle during the 38-minute men's singles match.
As per the Ministry sources, a special request was made by the BCCI to the sports ministry to include Shami's name as he didn't originally feature in the list of the country's second-highest sporting honour.
P V Sindhu and H S Prannoy sailed into the quarter-finals of the women's and men's singles badminton event with easy victories at the Asian Games.
Satwiksairaj Rankireddy and Chirag Shetty entered the final of the Korea Open Super 500 badminton tournament with a thrilling straight-games victory over the world No.2 Chinese pair of Liang Wei Keng and Wang Chang, in Yeosu, on Saturday.
It was yet another creditable performance from the Indian pair, which had claimed its maiden Super 1000 crown at the Indonesia Open last June.
Two-time Olympic medalist PV Sindhu and Kiran George advanced to the quarterfinals of the India Open Super 750 badminton tournament.
India's Satwiksairaj Rankireddy and Chirag Shetty outclassed Hiroyuki Endo and Yuta Watanabe of Japan in straight games to enter the men's doubles final at the French Open.
In women's singles, Sindhu, a two-time Olympic medallist and 2019 world champion, will have to recover from the shock defeat against fellow Indian Unnati Hooda at the China Open.
Sindhu regained control in the decider, maintaining a steady lead to close out the contest and secure a hard-fought win in 62 minutes.
Satwiksairaj Rankireddy and Chirag Shetty staged a grand comeback after losing the opening game to beat top seeds Fajar Alfian and Muhammad Rian Ardianto of Indonesia in the final and win the Korea Open Super 500 badminton tournament, in Yeosu, on Sunday.
Commonwealth Games champion Lakshya Sen continued to be the best-placed Indian at number seven while former world no. 1 Kidambi Srikanth gained a rung to the 11th position.
Star Indian shuttlers Satwiksairaj Rankireddy and Chirag Shetty fought valiantly before going down to the Chinese duo of Liang Wei Keng and Wang Chang in an exciting men's doubles final of the China Masters Super 750 tournament
Satwiksairaj Rankireddy and Chirag Shetty enjoyed another memorable 'Evening in Paris', lifting the French Open badminton crown for the second time with a dominating straight-game victory over Chinese Taipei's Lee Jhe-Huei and Yang Po-Hsuan in the men's doubles final in Paris on Sunday.
New Delhi has been chosen as the host city of the next Badminton World Championships in August 2026, the sport's global governing body BWF announced on Monday.
P V Sindhu knows how to win big tournaments, but as she enters her 30s, the two-time Olympic medallist must be selective about which competitions she chooses to go "all out" in, feels London Games bronze winner Saina Nehwal.
Satwik-Chirag eyeing "great things" at Paris Olympics after cracking service variation challenge
After the change of ends, the Indians gathered themselves and turned it around as they broke off from 4-4. Satwik and Chirag won 7 of the last 8 points to grab a six-point advantage at the interval.
Sindhu is the only Indian to feature in the women's singles competition.
Satwiksairaj Rankireddy and Chirag Shetty stormed into the men's doubles semifinal with a straight-game win over Indonesia's Leo Rolly Carnando and Daniel Marthin at the China Masters Super 750.
A gold medallist at the 37th National Games, Mannepalli was trailing 4-7 in the first game before rallying to 12-9. He then took control and scored six straight points from 15-11 to seal the game.
In mixed doubles, Tanisha Crasto and Dhruv Kapila advanced to the second round with a 8-21, 21-19, 21-17 victory over Chinese Taipei's Chen Cheng Kuan and Hsu Yin-Hui.
Ranji Trophy: MP enter quarterfinals; Saurashtra on brink of qualification
The top-seeded Indian pair lost in straight games against Muhammad Shohibul Fikri and Bagas Maulana of Indonesia in Birmingham on Thursday.
The former World Champion reaches the pre-quarterfinals for the first time since 2021.