In 1956, photographer Mitter Bedi and his brother Raj Bedi set up the Mitter Bedi Studio in Colaba, Bombay (now Mumbai). By this time, Bedi had branched out as a freelancer and started photographing weddings and other events, after a brief stint at a printing press and three years in the film industry. The brothers began by selling photographic material such as film rolls and offering services such as photo processing.

MB Studio is notable for being a studio established by a photographer that led to a multigenerational photographic business – other examples being Mahatta Studios, New Delhi and GK Vale, Bengaluru. After Bedi’s passing in 1985, the studio was taken over by his daughters, Preeti and Gayatri Bedi, who continue to run it as of writing.

Even decades after its establishment, MB Studio remained a revered facility for the processing of black and white film photography. In 2016, the studio ceased offering this service due to the predominantly digital nature of present-day photography. The following year, photographer Sooni Taraporewala featured a photo enlarger belonging to the studio in her exhibition on analogue photography, My Analogue World, held at Gallery MMB, Mumbai.