Given its status as a village, Cherpunkal is not a hub for corporate headquarters, but it does host significant local enterprises.
- **Mar Sleeva Medicity Palai**: By far the largest corporate entity and employer in the immediate vicinity, operating as a massive multi-specialty healthcare institution. - **Agricultural Cooperatives**: Several local rubber and agricultural societies operate here, managing the collection, processing, and sale of natural rubber latex and sheets produced by local farmers.