Pristine multiwall carbon nanotubes (MWNT) (synthesised using CVD approach) and poly[2-methoxy-5-(2 0 -ethyl-hexyloxy)-1,4-phenylene vinylene] (MEH PPV) based composites were prepared using a solution blending approach by employing various nanotube weight fractions. The prepared composites have been characterised using SEM, AFM, PL spectroscopy, UV-Vis studies and I-V characterisation. Increase in MWNT concentration has been found to quench the PL spectra of the composites suggesting photoinduced electron transfer from polymer to MWNT. The increase in MWNT concentration also increases the absorption of the composites. PL quenching and increase in absorption are desirable attributes for the design of photovoltaic systems. Also, the electrical conductivities of the composites can be described by the scaling law based on percolation theory and based upon the scaling law, a low electrical percolation threshold value (0.5 wt%) has been obtained for this composite system. The value of t (critical exponent) based on percolation theory is found to be 1.11. The low value of t is attributed to the aggregation and bundling of nanotubes in the prepared composites, as is evident from SEM and AFM micrographs. The turnon voltage is also found to be reduced in the case of polymer-nanotube composite system as compared to the pristine polymer system. Also, it has been observed that at higher weight percentages, the MWNTs form an immensely dense network and act as nanometric heat sinks, thus preventing the build up of large thermal effects, caused by the increased current in the pixels at higher voltages. Analysis of these optical and electrical properties is important before utilising the composite in organic electronics applications, in order to obtain more scientifically correct and repeatable results with fabricated devices.