Himanshu Rai was a lawyer and after acquiring a degree from London, decided to try his hands in filmmaking. For this he established Bombay Talkies and churned out a number of movies. Some of his films include 'Light of Asia' (1927) where he played the role of Gautam Buddha. This silent film was co-produced by a German studio, Emelka. Anyone working in his studio was supposed to be a graduate. This helped in a way that the staff had a broad sense of film making because he teamed up with Emelka to produce two more films, 'Shiraz' and 'A Throw of Dice'. From these couple of films, Himanshu had become a producer. His architect and actress wife Devika Rani played the heroine's role in most of his films. Some of Himanshu Rai's films with his wife as heroine are 'Karma' (1933) and 'Acchut Kanya' (1936). In fact, 'Karma' was the first Hindi-English bilingual film which was made in collaboration with IBP of England. Some of his other films include 'Bhabhi' in 1938.
After Himanshu Rai's death in 1940, Devika Rani had taken over the reigns of Bombay Talkies. But the studio soon started crumbling and everything came to an end. The Himanshu Rai magic was over.