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'''Lilliput Kidswear''' is an Indian clothing brand that makes clothes specifically for children and is headquartered in [[New Delhi]], [[India]].<ref>{{cite web|last1=Agarwal|first1=Sapna|title=Pantaloons diversifies into children's wear, opens new store|url=http://www.livemint.com/Industry/xRTgKMwCJamsopUGluir8O/Panataloons-diversifies-into-childrens-wear-opens-new-stor.html|website=livemint.com/|accessdate=17 April 2017|date=6 April 2016}}</ref><ref>{{cite web|title=Lilliput says it's got an offer from L Capital|url=http://www.livemint.com/Companies/1nhB5tEIdBycCwCdEJdyZI/Lilliput-says-it8217s-got-anoffer-from-L-Capital.html|website=livemint.com|publisher=Livemint|accessdate=17 April 2017}}</ref>

==History==
Sanjeev Narula founded Lilliput Kidswear in 2003.<ref name="dc">{{cite web|last1=Menon|first1=Bindu D|title=Lilliput wants to make a fresh start; partially repays vendors|url=http://www.thehindubusinessline.com/companies/lilliput-wants-to-make-a-fresh-start-partially-repays-vendors/article6127137.ece|website=The Hindu Business Line|accessdate=17 April 2017|language=en|date=18 June 2014}}</ref> [[Bain Capital Partners]] invested $60 million into Lilliput Kidswear in May 2010.<ref name="rtu">{{cite web|last1=PM|first1=Indulal|last2=Aldred|first2=Stephen|title=Bain sues EY over $60 mln loss in Lilliput Kidswear|url=http://in.reuters.com/article/bain-lawsuit-lilliput-kidswear-idINKBN0EO0CP20140613|website=Reuters India|accessdate=17 April 2017|language=en-IN}}</ref> Two weeks after the IPO of Lilliput, a whistle blower called to inform investment firms that the revenue figures in Lilliput were inflated.<ref>{{cite web|last1=Flaherty|first1=Michael|last2=Stephen|first2=Aldred|title=Bain, TPG's Lilliput woes a warning on India investing|url=http://in.reuters.com/article/lilliput-tpg-capital-bain-capital-idINDEE84H05220120518|website=Reuters India|accessdate=17 April 2017|language=en-IN}}</ref> Bain Capital Partners sued the audit firm [[Ernst & Young Global Limited]], after the invested in Lilliput kidswear on the advice of the auditing firm. Bain Capital claimed to have incurred a loss of $60 million over the investment.<ref>{{cite web|title=Bain Cap sues EY over loss in Lilliput Kidswear|url=http://economictimes.indiatimes.com/et-now/corporate/bain-cap-sues-ey-over-loss-in-lilliput-kidswear/videoshow/36560837.cms|website=The Economic Times|accessdate=17 April 2017}}</ref> Bain Capital left the company in 2013 according to the CEO of Lilliput Kidswear.<ref name="dc" />

==Controversy over fraud==
In 2013, Lilliput Kidswear bought clothing worth $5,000,000 (40 Crores BDT) from 22 [[Textile industry in Bangladesh|Bangladeshi garment]] suppliers. After receiving no payment, [[Bangladesh Bank|Central bank of Bangladesh]] via [[Politics of Bangladesh|Bangladesh government]] approached the [[Government of India|Indian government]] to solve the issue. After mediation from Indian [[Ministry of Commerce and Industry (India)|Commerce ministerministry]], Lilliput Kidswear made no payments to Bangladeshi suppliers. As a result, those supplier companies got bankrupted and incurred a great loss resulting shutdown of their factories.<ref>{{cite web|last1=Mishra|first1=Asit Ranjan|title=Partial repayment by Lilliput defuses Bangladesh... tension|url=http://www.livemint.com/Companies/tZU1TO5FP0v37zoTS2MH0I/Partial-repayment-by-Lilliput-defuses-Bangladesh-tension.html|website=livemint.com/|accessdate=17 April 2017}}</ref>

==References==
{{reflist|2}}

[[Category:2003 establishments in Delhi]]
[[Category:Indian companies established in 2003]]
[[Category:Companies based in Delhi]]
[[Category:Clothing companies of India]]
[[Category:Clothing companies established in 2003]]

Lilliput Kidswear - Revision history

->Beland: convert special characters (via WP:JWB)