From her backless cholis to Aishwarya Rai wearing her award-winning Anarkali, Payal Singhal in 25 years of business has been consistent leaving theatrics to greenhorns, adopting practicality for survival. By Asmita Aggarwal Payal Singhal completes 25 years in the business of fashion, and if there is one designer who truly understands finances, it is the Mumbai-based guru of the “backless choli”. Her latest collaboration has been with…