The society was established on the auspicious day of Lokmanya Tilak Jayanti on July 23, 1927. The society commenced educational activities in the same year by starting New English School, with a student strength of about 20 students on its roll. The society has not looked back since then. The sapling has flourished into a sprawling Banyan tree having multiple branches like Jubilee English School, Murtizapur High School, Jubilee and New English Junior College, M.C.V.C., Akola Law College, etc. At present the society has several educational institutions under its patronage.