Bishop Panengaden was born in Thrissur district of the Archeparchy of Thrissur and after graduation of the school education, joined the religious congregation of the Carmelites of Mary Immaculate, but in a short time left the religious life and was ordained as a priest on 25 April 2007 for the Eparchy of Adilabad, after the subsequent studies and graduation in the Dharmaram Vidya Kshetram (1998–2001), University of Calcutta (2001–2003) and the Ruhalaya Major Seminary in Ujjain, India (2003–2007).