MOSTPOWERFUL WOMEN

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Zia Mody, 64

Co-founder, AZB & Partners

Previous Rank : 1

She remains the undisputed queen of corporate law. Reliance Industries Limited (RIL) raised $20 billion in FDI for its digital services company, Jio Platforms, and AZB & Partners was the legal representative for RIL. Given that a large portion of the fund-raise happened when India was in lockdown, it was practically a virtual deal from beginning to end. Besides, her firm also advised RIL on its massive $7-billion rights issue, which closed in June this year. Mody has also significantly expanded the insolvency, bankruptcy, and restructuring practice at her firm. AZB & Partners also worked on the restructuring of the troubled YES Bank. It was the first time that a large private sector bank in India was restructured under a scheme that was put in place by the Reserve Bank of India. Her firm is part of various committees constituted by the Ministry of Corporate Affairs, which looks into the refinement of the Insolvency and Bankruptcy Code. AZB & Partners also represents the Resolution Professional in Jet Airways’ ongoing insolvency proceedings.

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