[5] Soon, Cherian had to return to Kerala when his father, uncle and a brother were arrested following a tiff with the then Travancore Diwan, Sir C. P. Ramaswami Iyer.
[8] Cherian is reported to have managed to clear all the family debts incurred during the difficult time, and bought back Malayala Manorama which had by then been put up for auction.
He has held the chair of Press Trust of India, Indian and Eastern Newspaper Society and Travancore Forward Bank.
K. M. Cherian, a recipient of the Chevalier title from the Patriarch of Antioch and All the East,[5] was awarded the Padma Shri in 1965 by the Government of India.
[4][6] He again featured in the Republic Day honours list, in 1971, this time for the third highest civilian award of Padma Bhushan.