It consists of four schools - the PTV English Medium School, the PTV Marathi Medium Secondary School, the PTV Marathi Medium Primary School and Paranjape Vidyalaya.
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The headmistress of the school is Mrs. Sharda Limaye (English Medium) and Mrs. G. Karande (Marathi Medium).
The English medium school was established on 29 June 1982 on a piece of land adjacent to the Parle Tilak Vidyalaya Marathi Medium Secondary School, which had housed the latter's laboratories.
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The school derives its name from the Indian Freedom Fighter Sri Lokmanya Balgangadhar Tilak (1856–1920).
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