The actress will be marking ten years as the Indian ambassador for the make-up brand, The Times of India reports.
Speaking to the paper, she said: "I am happy that with Sonam and Freida, both beautiful women, being invited to the festival this year, India will have a stronger presence, which is a clear sign of the growing importance of the country."
Kapoor was reportedly asked to replace 37-year old Rai-Bachchan in 2009 after the latter was considered to old to connect with younger L'Oreal consumers.
At the time, she praised Rai-Bachchan's career and said that she would be happy to achieve a "tenth" of the same success.
Slumdog Millionaire's Pinto was also asked to represent the brand in 2009, after achieving fame in the Danny Boyle film.
