MAEERs, Maharashtra Institute of Technology (MIT) was founded by Dr. Vishwanath D. Karad, (Founder, Executive President and Director General) along with the collective efforts of many Educationists, Scientists and Social thinkers in the year 1983. MIT is among the first in professional education offering academic programs at more than 47 institutions for over 50000 students annually.

Welingkar Institute of Management Development and Research was established in the year 1977, with a focus of giving a new dimension to business studies. It is a part of Shikshana Prasaraka Manadali, which has 40 prominent institutions and at any time has over 7000 enrolled students across the country. Some of the other well-known institutes run by S.P.Mandali, are the Ruia College of Arts and Science (Mumbai), Podar College of Commerce (Mumbai) and S.P. College (Pune).