Sanjeev Narula founded Lilliput Kidswear in 2003.[3] Bain Capital Partners invested $60 million into Lilliput Kidswear in May 2010.[4] Two weeks after the IPO of Lilliput, a whistle blower called to inform investment firms that the revenue figures in Lilliput were inflated.[5] 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.[6] Bain Capital left the company in 2013 according to the CEO of Lilliput Kidswear.[3]
