He was born in Pulinkunnu in Kuttanad in Alappuzha, Kerala. After graduation from Maharajas College in Ernakulam, he went to London, and studied Physics in the Imperial College of Science and Technology, University of London. He became an Associate of the Royal School of Mines. He was the State Geologist of Travancore State and the Director of Industries.
He was also a writer in English, Malayalam and Sanskrit. He was the second recipient of the Kenthra Sahitya Academy Award (instituted in 1955), which he was conferred in 1956 for his work 'Paananeeya Pradyoditham'. The Academy also has an Endowment Award in his name.
- "Illiparambil Corah Chacko, B. A., B. Sc. [ഇല്ലിപ്പറമ്പില് കോര ചാക്കോ, ബി. എ., ബി. എസ്. സി. / इल्लिप्परंपिल् कोर चाक्को, बि. ए., बि. एस्. सि". D. C. Kandathil, NYU. Archived from the original on 6 June 2012. Retrieved 23 December 2007.
- I_C_Chacko Endowment Awards