The movie's lead star Frances McDormand picked up the best actress trophy while the best director award went to Zhao.
'In Memoriam' segement honours personalities lost in the past year.
Eight primarily craft-focussed awards were handed out, including casting, costume, makeup and hair, production design, sound, special visual effects, British short film, and British short animation.
Chopra Jonas will be joined by other presenters, which include Phoebe Dynevor, Chiwetel Ejiofor, Cynthia Erivo, Hugh Grant, Richard E Grant and Tom Hiddleston.
The movie was well-received in festival circuit because of its unique narrative style in which the story is told in reverse.
The film also stars Priyanka Chopra Jonas, Mahesh Manjrekar and Vijay Maurya.
Earlier April 9 was set as the cut-off date for releases.
The initiative, supported by Netflix, aims to identify, celebrate, and support up to five talents working in film, games, or TV in India.
The flagship new talent initiative is part of BAFTA's year-round work to support new talent, operating alongside their awards ceremonies worldwide.
Crime drama 'Three Billboards Outside Ebbing, Missouri' captured five British Bafta film awards on Sunday.
Crime drama 'Three Billboards Outside Ebbing, Missouri' captured five British Bafta awards on Sunday, including best film.
Signatories expressed solidarity with the Time's Up movement in the United States and called for donations to a new "justice and equality fund" for victims.
BBC has announced plans to produce a feature-length documentary about the Harvey Weinstein scandal.
Dev Patel took home the BAFTA for his performance in "Lion" -- a film about an Indian boy.