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Heat oil in a large vessel over medium-high heat. Add onions and cook until transparent, about 5 minutes. Add green chili, cumin seeds, and black pepper and cook until fragrant, about 2 minutes. Add beef and sauté until lightly browned.
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Stir in tomatoes, ginger garlic paste, tomato paste, coriander powder, turmeric, red chili powder, cumin, and salt. Reduce heat to medium, cover, and cook until the oil begins to separate from the meat and spices, about 20 to 25 minutes. Add splashes of water and stir as necessary to help tenderize the meat and to prevent burning at the bottom of the pot.
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Add the potatoes, peas, and ½-cup water. Cover and reduce heat to medium-low. Cook until desired consistency and the vegetables are cooked through (but still retain their shape), adding additional water as deemed necessary. Remove from heat and garnish with cilantro.