The  Pravara Rural Education Society was established in July 1964 by the Herculean efforts of Dr. Vitthalrao Vikhe Patil, a unique visionary philanthropist and the pioneer of first sugar factory in co-operative sector not only in India but Asia. The society was established with twin objectives of providing high class education system comparable to the best in any urban area and to give a fillip to the empowerment of women through need based education.
His intuitive vision led him to the firm conviction that if quality education is provided to rural youth, they will play a dominant role in nation building. Further, he believed that education of a women means the education of the whole family.

Hon'ble Namdar Shri .E. V. alias Balasaheb Vikhe Patil, Ex-Minister for Industries (Heavy Industries & Public Enterprises), Govt. of India & Chairman, Pravara Rural Education Society, worthy son of Late Padmashri, a leader of reckoning in Maharashtra and India, took upon himself arduous task of translating the dreams of his father into concrete realities by meticulous, punctilious planning & by offering a dynamic & pragmatic leadership to the Society. A huge complex of educational institutions has come to be associated with Loni. The student population of Pravara Complex is more than 25000. The Pravara Rural Engineering College, Loni is situated in the heart of rural area. The agrarian area boasts one of the first & best agro-industrial complexes in Asia in cooperative sector. 

Hon'ble Amdar Saheb Shri. Radhakrishna Vikhe Patil, Former Minister for Agriculture, Water Conservation, Dairy & Animal Husbandry , Government Of Maharashtra is providing dynamic leadership & his advice is helping the institution in the matters of academic excellence, diversification & continues to remain a source of inspiration & strength to the institution.