India finished a lowly seventh out of nine sides in the 1992 edition which was jointly hosted by Australia and New Zealand.
The World Cup returns to the Australian continent in 2015 with the two nations once again joining hands to stage the biggest cricketing event to be held in February-March.
Kapil was speaking at the ICC event where captains in that World Cup walked down memory lane and spoke candidly about their highs, lows and regrets.
"The uniforms are my other memory. In the beginning, they looked odd. In the cricket world, we were used to playing in whites. Back then, the world was changing, television was changing and you need people to see more colour. So, I think they did a great thing," he said.
"Back then, people were calling it pyjama cricket but I think if you look back, you have to change yourself with the time and I think the administrators did the right thing. Now you look at Cricket World Cup as colourful and that's because of 1992. It represents national pride and everybody has their own colours to identify themselves with and be proud," he added.