The 59-year-old "Slumdog Millionaire" actor will play the role of Vikram Danesh, the authoritative head of the base on Oasis.
Based on the cult-hit novel from Faber, the hourlong drama pilot follows a priest who is sent into space to help found a new colony, but what he ends up discovering not only puts his faith to the test but life as we know it.
Matt Charman ('Bridge of Spies') will pen the pilot and executive produce alongside Andy Harries ('Strike Back') and Lila Rawlings of Left Bank Pictures.
In addition to being recognized with a SAG award for his role on "Slumdog Millionaire" and serving as president of the fictional Republic of Kamistan on Fox series 24, Kapoor also starred opposite Tom Cruise in 2012's "Mission Impossible: Ghost Protocol."
The actor also acquired the remake rights to 24 and made a series in Hindi.
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