Local lad Abhinav Lohan is one shot behind the leader in second place. His round of four-under 68 included six birdies and two bogeys.
Kapil got going on the par-5 third hole as he landed the ball in two shots on the green. Even though Kapil missed a 10-footer for eagle, he salvaged a birdie on the third.
The 20-year-old then drove the green on the par-4 ninth to add another birdie to his card. Kapil set up another 10-feet eagle putt on the 12th thanks to some excellent driving.
"I've been in good form with the driver over the last few events. I drove the ball really well today and therefore set up a couple of eagle putts from 10 feet. I'm carrying forward the confidence after posting two top-20s this season," said Kapil.
Delhi's Wasim Khan and Arjun Singh Chaudhri of Noida are in tied third with matching scores of three-under-69.