Perylene-sensitized multi-walled carbon nanotubes (PV-MWNT) have been prepared by a π-stacking between nanotubes and perylene derivatives, N, N′-diphenyl glyoxaline-3,4,9,10-perylene tetracarboxylic acid diacidamide (PV). The resultant nanocomposites have been characterized by transmission electron microscope (TEM), UV–vis absorption, photoluminescence (PL) and photocurrent spectra. Long range ordering can be observed in the form of PV-MWNT via π-stacking by TEM. Red-shift in the optical spectra consisting of the UV–vis absorption and PL spectra with the attraction of PV on the surface of the MWNTs were observed. The evident quenching in PL spectra of PV-MWNT was ascribed to the absorption and transfer of recombination energy by MWNT. Photosensitivity spectra demonstrated an increasing photocurrent in the ultraviolet region and a broadening photosensitivity in the red spectral region for solar cells based on PV-MWNT.