A village named Shivanitapur once stood on the site of the modern day city. According to some historians, there is a Hemadpanthi style Mahadev Mandir still standing in Mhasoba Colony, the old area of city. Mhasoba is the Gram Devasthanam (Hindu temple) of Sillod.And also Durgamata Mandir There is also similar temple dedicated to Hindu mystic Siddheshwar Maharaj at Dhotra as well as several well-known villages in the area which are connected to the city by road.There is also similar temple dedicated to Hindu mystic(( Nilkantheshwar)) devsthan at Nillod.
As of the 2011 Indian census, Sillod had a population of 58230, of which 51.64 per cent were male and 48.35 per cent female. The city has an average literacy rate of 83.32per cent, higher than the state average of 82.34% with a male literacy rate of 89.74 per cent and that for females 76.47 per cent fifteen per cent of Sillod's population is under six years of age.
Sillod Municipal Corporation is the local civil body.in the general election of 2014 INC become the largest party having 20 seats out of 25
The city is the seat of the Aurangabad District Court, situated on Main Road. There are also Tehsil and Sessions Court as well as many other courts of Law.
Sillod Taluka has got four major district near to it. In North there is Jalgoan 94 km far, in South West it has Aurangabad 65 km far, in South East there is a Jalna 67 km far in North East it has Buldhana 103 km far . As it has three main district near to it the wholesale market in all various sectors is flourishing gradually well. It has biggest market than other talukas in Aurangabad district. Large amount of lucrative revenue is generated here by government sectors. It has big bourse market in main market called sarafa market. Buyers from remote cities come sillod to buy gold and silver. The bourse market is considered to be an honest and pure gold sellers. Sillod's economy is mainly based on civil servants employed as teachers, engineers, officers and farmers. There is also the Siddheshwar Sahakari Sakhar Karkhana sugar factory, 3 km far from the city, as well as ginning and oil mills. The tehsil (administrative district) ranks number one in the production of maize (makka). Corn and maize cultivated in this area demand a special premium in the market.
As well as corn and maize, Sillod is also a leading producer of cotton and ginger. The cultivation of major crops has changed over the last decade due to changes in the water landscape of the area. Prior to these changes the major crops were sugercane, jowar, bajara (green millet) and cotton with very little cultivation of Ginger.
The villages of Palshi, Bharadi and Borgaon Bazar have had a major impact on shaping the economic prospects of Sillod tehsil. Palashi village has implemented the Tanta Mukti Scheme of the Maharashtra Government.
Sillod's IT Industry is also growing with six Internet café's, first internet cafe is Maa Durga Internet cafe, ten computer software application training centres, and five computer sales and services.
Banking: Sillod has branches of major nationalised banks including State Bank of India, State Bank of Hyderabad, Bank of Maharashtra, Central Bank of India and Bank of India.
Sillod lies 40 kilometres (25 mi) from the world-renowned Ajanta Caves, a UNESCO World Heritage Site popular for its colourful paintings of ancient India.
Borgaon Bazar village is renowned as the Samadhi meditation site of Swami Narayan Saraswati Maharaja where his followers discovered his roots of Samadhi around 2000. To date several well-known personalities from South India and West India to visit Borgaon Bazar. Nillod: On the Sillod Aurangabad road Nillod village is situated. In this village there is a Hemadpanthi Nilkantheshwar(Mahadev) Mandir.
It is one of the famous pilgrimage centre and also has a huge temple of mahadeo mandir. It has a very scenic beauty of its own from where is the origin of the famous Kelna River. The temple is now governed and maintained by Kashigiri maharaj (kakde).
Nillod is one of the deciding village in the politics of the Sillod assembly seat. The village has a population of 4000 and the voting population of 3000 as of 2011. The village is self-reliant in all aspects. The village has all the political parties mostly dominated by Shivsena and Rashtrwadi Congress. It has implemented all the schemes of the state government such as the Nrega, irrigation programmes, indira awas yojana, pant pradhan gram sadak yojana, sarwa shiksha abhiyan, etc. who was the most noted and influential leader in the politics. He was the only person to be elected for the zilla parishad.
Shivna is the largest village in Sillod tahsil. The village has a population of above 13000. The Village name Shivna takes from the name of Shivai devi.There are 3 high school and Late. Laxmanrao Patil Vidyalaya is famous for education. Dipali kale is member of Zilha parishad and Nilesh Kale Patil is a vice speaker of market cammity of sillod from this village. Ex. MLA Kisanrao kale also from shivna village. Shivna is famous for red chillies which transport to Mumbai. In Shivna there are Sarpanch of BJP Party.In Sillod Tahsil this village is popular for market. At the day of Wednesday there are `Athawadi Bazar`. This Village located at boundary of JALNA district.And also on Ajantha-Buldana highway.
Lonwadi is situated at 20km from Sillod. Lonwadi is well known for the famous Amba Bhavani Mata temple. There is also the temple of Saint Surajgir Maharaj, who is the Giru of Kadhigiri Maharaj Murdeshwar and the other is at Murdeshwar.
Sillod is known for cheap Computer hardware market. There are many hardware shops in Sillod such as, "Shri Samarth Computer Sale's And Services." NEURON IT SERVICES, SAISOFT COMPUTERS SALES AND SERVICES, Computer Clinic Multiservices ,Logic Computers, Raj computers, Phoenix Computers, Maa Durga Computers,Swami Narendra Computer,Internet Cafe. Om Computers,Sai Computers (Gorade B S), Smart Security And IT Solutions (Kalam Dilip U.) etc. People around the town visits computer hardware market for shopping. There are many Internet cafes in city. In IT training the pioneer training center awarded by MKCL is saisoft computers, r.l. park sillod.
In old city, at Mhasoba galli there is famous temple of Mhasoba Maharaj deity. Every year the fair(Jatra)is held in sillod city. Devotees from all over the taluka visit this temple to worship the Mhasoba Maharaj.
Just behind the Mhasoba Temple on Kerhala road there is a Famous Durga Mata Temple. Every month people from sillod, distribute the prasad to the mass devotees in the form of bhandhara.
Only Sillod is the place where you can find the statue of Chatrapati Shivaji Maharaj is built in front of Jama Masjid. A symbol of unity. Sillod is chatrapati shivaji maharaj built location is weary fantastic. It was built by late Digambar Shankar Prashad in 1970 's
Jama Masjid Sillod Is One Of the Biggest Masjid In Aurangabad Dist, Thousands Of People Pray Namaz At A Time In Masjid, Jama Masjid Re-Build In Year Of 2000 By The Sillod Muslim's . At The Front Of Jama Masjid A Bigg Statue Of Shivaji Maharaj is situated . It's A Simbol Of Unity of Hindu Muslim In Sillod City.