http://www.dream-kitchen-backsplash.com/stainless-steel-backsplash.html#sthash.WylmRsLc.dpbs The Benefits of Stainless Steel: Easy to clean Unaffected by heat Attractive Lasts for a lifetime Does not corrode or get darker with age The Downsides of Stainless Steel: Expensive Can be dented This article did state that the gauge (thickness) of the steel used, determined how easily it might dent... Can be scratched May require polishing to rejuvenate it's luster - See more at: http://www.dream-kitchen-backsplash.com/stainless-steel-backsplash.html#sthash.WylmRsLc.dpuf

Update : Can you guys (Prasath & Cornerstone Design Studio India) recommend me laminate color for this setup? I think a grey and white color laminate combo will look good. What you think?

You could go for tiles with design if they are simple ones. if you want plain, you can add some life in the country style with an exposed brick facade or subway tiles. for colours, it depends on how far out of your comfort zone you're willing to go. white is the safe choice, but you can go for blue, green, yellow, all pastel hues

Greetings from Dream Design, As per your inputs we suggest some ideas -Don't go with too dark backsplash as it will make the kitchen dull after some time and kitchen will look smaller -You can go with marble/tile or even the same counter top like quartz if you use in counter top you can same also put in backsplash as currently it's in trend -take white color with some black/grey lines marble or quartz -or you can go with white designer lines with grooving Sharing some reference pictures