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Firm interview guidesOctober 16th, 20268 min read

Graviton Research Capital Interview Guide

A stage-by-stage guide to the Graviton Research Capital interview: the 1-hour written quant test of proof-style probability and game theory problems, the same-night technical rounds, the software track and the quant risk role.

Graviton Research Capital Interview Guide

Graviton Research Capital is a privately funded high-frequency and quantitative proprietary trading firm in Gurugram, India. It was incorporated in August 2014 by Ankit Gupta and Nishil Gupta, both IIT Delhi graduates, trades its own capital in equities, futures and options as a member of the NSE, BSE and MCX, and runs separate trading teams with their own strategies on shared infrastructure. Its registered office is in GIFT City, it has a Singapore entity, and a 2026 internship posting described a research arm in the Netherlands. Headcount estimates run from 200 to 500.

Graviton hires overwhelmingly through campus drives at the IITs. Around two thirds of the candidates who describe the process came through campus recruiting, and its job ads have asked for degrees from the IITs or top-ranked universities. That shapes the process: a written test sat on campus, then interviews the same night.

Key takeaway

The quant screen is not a timed multiple-choice test. It is a 1-hour written test of 3 to 4 proof-style problems in probability, combinatorics and game theory, sat on campus with pen and paper, with full written solutions expected. The software test is separate, and you may sit only 1 of the 2.

  1. 1
    Choose a track. Quant or software. The tests run separately and you attempt one.
  2. 2
    Written test. 1 hour, 3 to 4 problems for quant. Competitive programming and systems questions for software.
  3. 3
    Technical interviews. Usually 2 rounds of 45 to 60 minutes, the same night, often running past midnight.
  4. 4
    HR round. Your other offers, why Graviton, and whether you want the internship or the full-time job.
Note

On campus the whole process takes 1 day. Internship drives run in late July and August, with Day 0 interviews starting around 8 PM, and full-time placements in early December. Off campus it is different: an introductory call, then 3 knockout technical rounds over weeks. Candidates describe researcher hires taking about 3 months.

Roles for students and graduates

Role Location Notes
Quantitative Researcher, 2027 Graduate Gurugram Posted 24 September 2026. Listings give closing dates in October and December 2026
Software Engineer, 2027 Graduate Gurugram Posted alongside
Software Engineer Intern, 2027 Gurugram, Singapore Posted July 2026. An ultra-low-latency variant targets 2028 graduates
Quantitative Researcher Intern Gurugram, and possibly Amsterdam The IIT listing for 2026 closed in mid January
Graduate Central Execution Trader Singapore Current
Quantitative Analyst, Risk Gurugram Posted June 2026. Asks for 3 or more years of Python and shell scripting, so it is a lateral role

There is no standalone graduate quantitative trader programme on the board. Campus offers are made as quantitative researcher or software engineer, and occasionally trade execution analyst. The firm warns that official email comes only from its own domain.

Stage 1: The quant written test

Where candidates failwriting a long solution to the low-mark question and never reaching the high-mark one.
Item What candidates report
Format Pen and paper on campus, confirmed by 2 reports from 2024 to 2026. No platform is named for the quant test
Questions 3 at IIT Kharagpur in the 2023 and 2024 seasons, and sometimes 4. Reports disagree
Time 1 hour on one clock, so 15 to 20 minutes per problem
Answers Written solutions with proofs. Not multiple choice
Marks For example 15, 40 and 45 across 3 questions, with the 15-mark question in 2 parts
Shortlist About 7 to 8 students at IIT Kharagpur in the 2023 season
Negative marking, calculator Not reported

Topics are probability, permutations and combinations, proof techniques and game theory. Candidates call the questions Brainstellar-style and say the test is harder than at similar firms. Few if any candidates solve every question completely, so partial answers matter. One reported question is a variation of the pirates and coins problem with 2 people, 30 coins and 3 chests. Statistics and financial markets came up in earlier years, but recently finance, competitive programming and CS fundamentals have not been asked, so treat finance content as unlikely.

How to prepare

  • Full proofs in 15 to 20 minutes. Practise writing a tidy, complete solution to a medium problem under that clock, and triage by marks before you start.
  • The families. Counting methods and advanced counting, pigeonhole and subset-sum arguments, invariants, indicator variables and linearity of expectation, and combinatorial games through the game theory course.
  • Sources candidates name. Candidates credit Brainstellar, Mosteller's Fifty Challenging Problems in Probability, Zhou's A Practical Guide to Quantitative Finance Interviews and Crack's Heard on the Street. Our guide to the best books covers the last three.

Stage 1 for software: the coding test

The format changed. In the 2022 and 2023 seasons it was 2 hard competitive programming problems on HackerEarth in 60 to 75 minutes, and only the 10 to 12 students who solved both were shortlisted. From the 2024 season it is reported as a 1-hour pen-and-paper test of 3 to 5 questions mixing competitive programming with systems questions, answered in pseudocode and logic. Reported systems items: implement concurrent transactions between 2 bank accounts using locks, and remove the branching from a code snippet. Lateral reliability engineers sit a 2-hour HackerEarth test of multiple choice and coding in Python and Bash, and quant tools developers a multiple-choice section on data structures, object-oriented programming and operating systems followed by 2 hard problems, one on the longest common subsequence.

Prepare competitive programming at roughly Codeforces 1700 to 1900, dynamic programming, graphs, trees and bit manipulation, and practise writing it on paper. The C++ internals and concurrency lessons cover the systems half.

Candidates have sent us three problems from Graviton's online coding tests, all in C++ with hidden tests at full size: choose at most M dishes to maximise their total size times their lowest taste, with N up to a million; count the towns on a tree path whose population is at most W, for 200,000 queries; and drop the fewest requests so that two rate limits hold at once. One reported version of the last also had a queue buffer with no service time, so ask how the buffer drains if you get it.

Stage 2: Technical interviews

Usually 2 rounds of 45 to 60 minutes with a single interviewer each, though candidates report anywhere from 2 to 5 rounds. The first round is often combinatorics and probability in olympiad style, and the second pure maths, algebra, inequalities and number theory, with proper proofs expected. Saying your reasoning out loud is expected, and taking hints is normal: needing hints on most problems does not cost you the offer.

Reported questions

  • Combinatorial games. Alice and Bob remove marbles from a pile of n, each removal no larger than the last and the first removal not the whole pile: who wins for each n? Nim where you take 1 to 6 stones.
  • Chessboards. The maximum number of queens that attack nothing, asked more than once in 2026, and the same for rooks, kings and bishops.
  • Probability. Two players each toss a coin and cannot see each other; they win if at least one correctly guesses the other's toss. Can they always win? A 7 by 7 symmetric matrix with each column holding 1 to 7: the probability the diagonal holds all of 1 to 7. The probability that two of 100 noodles end up in the same loop when loose ends are tied at random. The probability that the ceiling of X over Y is a perfect square for independent uniforms.
  • Markov chains. The probability that HTH appears before HHT in coin tosses, compared by intuition and then by calculation, the expected number of tosses to reach either, and then that expectation conditional on HTH winning.
  • Proofs and invariants. Any 200 whole numbers at most 200 contain a subset whose sum is divisible by 200. Eleven soldiers each watch their nearest neighbour: prove one is unwatched. Repeatedly replace two numbers from 1 to 50 by their absolute difference: which final values are possible? Every odd number, by induction.
  • Algorithms as puzzles. Find a flag planted at an unknown integer on the real line in time linear in its distance. Lattice paths from the origin to (8, 8) with an even number of direction changes. Search an N by N matrix whose rows and columns are sorted in O(N) time, with the hint to look at a corner (from a quant researcher intern interview).
  • Expectation. Linearity of expectation on a random number generator.

Software rounds add probability plus a hard dynamic programming question, a puzzle with operating systems and computer architecture, pointer constness, stack against heap memory, matrix binary exponentiation, and for lateral hires a file explorer built from scratch and log debugging with a binary search over timestamps.

How to prepare

The Markov chain lesson covers the HTH against HHT family in full, and the strategic conditioning lesson the conditional follow-ups. For the games, zero-sum games and minimax and dominance give the winning and losing position method. The Reasoning questions and the probability questions supply the volume.

Stage 3: HR round

Short and direct. How your earlier interviews went, which other firms have shortlisted you, why Graviton, your family, and whether you are only looking for an internship or want to work full time. A reported question: "describe yourself in 4.5 words". Show a clear preference for joining: hesitancy can cost an offer.

The quant risk role

No candidate has reported a Graviton quantitative risk interview. The June 2026 job ad describes the work: operate and improve automated strategies with senior traders, build monitoring tools for production strategies, write C++ and Python for risk attribution and performance breakdowns, and build post-trade analysis systems, with 3 or more years of Python, shell and Linux. The nearest reported processes are the trade execution analyst campus round, shortlisted on a grade point average above 8.5, with puzzles, probability, maths and 1 algorithm question, and the reliability engineer rounds on Python, Bash, log debugging and schema design.

Our reading, which is an inference and not a report: expect the firm's standard puzzle and probability round, practical Python and Bash, and a discussion of profit and loss attribution and production incidents. Do not assume value-at-risk theory or option Greeks are Graviton-specific content. The value at risk lesson is sound general preparation, but the ad is about operations and attribution.

Key tips for success

  • Triage by marks. Read all the questions, then spend the hour where the marks are.
  • Write proofs, not answers. The test and the interviews both want the argument.
  • Say your reasoning out loud and take the hints. Nobody reports being penalised for needing them.
  • Prepare for a long night. Campus scheduling is described as disorganised, with interviews running to midnight.
  • Show that you want to join. The HR round asks directly, and candidates have lost offers on it.
  • Lateral candidates: expect weeks, knockout rounds and strategy questions, and do not reveal your current employer's methods.

Closing remarks

Graviton's process is a mathematics competition with an options desk behind it. The written test wants proofs of probability and combinatorics problems in 20 minutes each, and the interviews continue in the same style through game theory, invariants and Markov chains. Candidates without quant interview preparation are cut after one round. Candidates who have worked through the puzzle books and can write a clean argument under time, and who want the job, get through in a night.

Work through everything we have for Graviton, and read our guide to quant brainteasers for the reasoning patterns these rounds lean on.