The present site of the college was leased to the Shikshan Prasarak Mandali by Shri Sardar Jagannath Maharaj Pandit at the request of Lokmanya Bal Gangadhar Tilak[citation needed].

India follows a 10+2 education system with students electing one out of three fields of specialization, namely Science, Arts and Commerce (Business) in grades 11–12.

There are 7 divisions per grade (for the Science stream) from A through G. The college, which was established in 1916 with humble origins, now has a campus spanning 25 acres (0.04 sq miles) with sprawling grounds, heritage buildings, botanical gardens and a swimming pool.

Although an independent school, the SP Junior College receives periodic financial grants from the Maharashtra State Government.

Students of the Arts stream take compulsory courses in the following subjects: English, Marathi or Hindi or German or Sanskrit, Environmental Science, Health and Physical Education.

They can opt for 4 of the following subjects: Economics, Mathematics, History, Psychology, Logic, Geography, Political Science, German, Sanskrit, Hindi, Marathi.

At the end of Grade 12, students appear for board exams, which are statewide public examinations whose scores are considered very important, as they are one of the criteria used for admission into various universities.

Students can participate in a variety of indigenous and international games such as: kho-kho, kabaddi, hockey, baseball, volleyball, Dodgeball, football (soccer), etc.