Iype’s elder son, John was born on the 24th April 1930. He obtained B.A. & C.A. graduation and started practicing in Kottayam. He is the chariot of Cherian & Cherian Chartered Accountant firm. He is actively participating in the social and cultural scenes of Kottayam. John, who was the president of Kottayam Rotary club has received the Paul Harris award for outstanding community service. He has served as the Treasurer of Manganam Mundakapadam Mandirams, for a long time. He has rendered meritorious service as Marthoma church representative council member, Legal Affairs committee member and member of the Governing board of St. Thomas Residential school, Thiruvananthapuram. He was a member of the Commission for Taxation Laws and the Central Taxation Advisory Committee, appointed by the Government of Kerala. He also served as the President of Chartered Accountants Association, Kottayam branch and President of Kottayam Games and Sports Promotion society. He has presented various papers on Taxation and Company Laws, in local and national seminars. He has been the Secretary of Puthenpurackal Kudumbhayogam, for a long time. Kottayam Valanjaatil Chartered Accountant V.K. Cherian’s daughter, Kamala is his wife. Kamala is actively working in social organizations like Y.W.C.A. She was the founding Secretary of the Inner Wheel section (Rotarians Wives’ club) of the Kottayam Rotary club. She has served as the President of Kottayam Y.W.C.A., several times. They live in Kottayam. They have sons, Iype, Ramesh and daughters Reeba, Reena, Susan and Riza.