Financials

Investment & Financial Model — Phase-1

A ₹106.08 Cr (NZ$27.63 M) Phase-1 investment, structured as a balanced global PPP and built around an institutional-grade return profile.

High quality

₹106.08 Cr

Total Phase-1 Investment

NZ$27.63 M · 2026 — 2031

₹20.02 Cr

Stabilised Annual Revenue

NZ$5.21 M · 300,000 plants/yr × ₹182 (NZ$4.74)

28–32%

EBITDA Margin

Conservative case

6–7 yrs

Payback Period

With significant upside

Component-Wise Outlay

₹106.08 Cr (NZ$27.63 Million) — full breakdown

Phase-1 investment by component (₹ Crore, with NZ$ Million in parentheses) — each row maps to its source schedule in the deck

Component	₹ Crore (NZ$ M)	Share	Deck reference
Plant Platform	32.24 (NZ$8.40 M)	30.4%	Deck §4.1 — Plant Platform schedule
Diagnostics	16.12 (NZ$4.20 M)	15.2%	Deck §4.2 — Diagnostics schedule
Greenhouse Infra	14.56 (NZ$3.79 M)	13.7%	Deck §4.3 — Greenhouse schedule
Demo Orchards	11.96 (NZ$3.12 M)	11.3%	Deck §4.4 — Demo Orchards schedule
Contingency	8.84 (NZ$2.30 M)	8.3%	Deck §4.5 — Contingency schedule
Training	8.32 (NZ$2.17 M)	7.8%	Deck §4.6 — Training schedule
Programme Mgmt	7.80 (NZ$2.03 M)	7.4%	Deck §4.7 — Programme Mgmt schedule
Digital Ecosystem	6.24 (NZ$1.62 M)	5.9%	Deck §4.8 — Digital Ecosystem schedule
Total	106.08 (NZ$27.63 M)	100%	Deck §4 — Master schedule

NHB DPR Costing — INR Basis

₹27.62 Cr — full NHB component schedule

Submission-grade NHB Detailed Project Report costing in INR Crores, run in parallel to the ₹106.08 Cr (NZ$27.63 M) Phase-1 view above. Same 300,000 certified plants/yr × 5-year volume basis; the ₹106.08 Cr figure is the international PPP lens, this is the domestic NHB lens.

NHB DPR component-wise project cost summary in INR Crores.
Sr	Project Component	Cost (INR Cr)	Remarks
1	Nursery Production Infrastructure	6.24	300,000 certified plants annually
2	Advanced Soil DNA Diagnostic Laboratory	1.90	ARD diagnostics & molecular testing
3	TNO Genius App Development	0.80	Digital orchard intelligence platform
4	Drone & IoT SIM Technology Setup	0.70	Precision orchard monitoring
5	HDP Demonstration Orchard	2.05	5-hectare smart orchard
6	Varietal Evaluation Trials	0.95	Multi-location orchard trials
7	Workforce Training & Skill Development	0.45	Nursery and orchard staff training
8	Overseas Experts & Technical Collaboration	0.88	NZ/AUS consultants & visits
9	Farmer Workshops & Training Programs	0.56	Field days & seminars
10	Printing, Media & Technical Handbooks	0.36	Farmer education material
11	DPR, Financial Modelling & Meetings	0.40	Project planning & management
12	Compliance, Legal & Permit Costs	1.78	Permits, audit, legal, quarantine
13	Fixed Assets & Machinery	1.20	Tractors, sprayers, grading systems
14	Water Infrastructure & Storage	0.60	Reservoirs, tanks, borewells
15	Electrical Infrastructure	0.50	Transformers & power systems
16	Biosecurity Infrastructure	0.35	Quarantine & sanitation systems
17	Import Duty & Customs	0.30	Imported plant material clearance
18	R&D Validation & Scientific Monitoring	0.40	Data collection & analysis
19	Contingency Reserve	1.75	Cost escalation & climate reserve
20	Working Capital Buffer	2.00	Operational cashflow reserve
21	Vehicles & Transport Logistics	0.75	Field mobility & transport
22	Insurance & Risk Coverage	0.25	Infrastructure & liability insurance
23	IT & Cybersecurity Systems	0.20	Cloud security & backups
24	Marketing & Brand Development	0.35	Branding & farmer outreach
25	Certification & Accreditation	0.30	ISO & nursery certification
26	Land Development & Terracing	1.10	Drainage & retaining structures
27	Post-Harvest & Training Infrastructure	0.50	Mini training & packhouse
	TOTAL PROJECT COST	27.62	NHB DPR §1 — Master schedule

Sub-schedule A

Nursery Production Infrastructure

Item	INR Cr
Rootstock	2.40
Scion Wood	2.10
Labour	1.53
Utilities	0.10
Chemicals	0.50
Total	6.63

Sub-schedule B

Soil DNA Diagnostic Laboratory

Item	INR Cr
PCR & qPCR	0.42
Lab Building	0.45
Bioinformatics	0.10
Chemicals	0.18
Total	1.15

Sub-schedule C

Compliance, Legal & Permits

Item	INR Cr
Land Lease	0.75
Quarantine	0.18
Legal Fees	0.20
Audit Fees	0.12
Import Permits	0.08
Licensing	0.10
Total	1.43

PPP Funding Structure

A balanced global PPP framework

Three sources of capital, each contributing both money and credibility — none dominant, all aligned.

40%

₹42.43 Cr

(NZ$11.05 M)

Govt Support

Policy + funding support from public partners.

Deck ref:Deck §6.1 — PPP funding stack, public tranche

35%

₹37.13 Cr

(NZ$9.67 M)

International PE

Strategic capital from global private equity.

Deck ref:Deck §6.2 — PPP funding stack, PE tranche

25%

₹26.52 Cr

(NZ$6.91 M)

TNO + Partners

Promoter equity and technical partner contribution.

Deck ref:Deck §6.3 — PPP funding stack, promoter tranche

Stabilised Annual Revenue

₹20.02 Cr (NZ$5.21 M) total at full run-rate

Locked volume basis: 300,000 certified plants/yr × ₹182 (NZ$4.74) per plant for Plant Supply, with diagnostics, training and digital DSS layered on top.

Revenue Stream	₹ Crore (NZ$ M)	Share	Deck reference
Plant Supply	5.46 (NZ$1.42 M)	27.3%	Deck §5.1 — Revenue model, Plant Supply line (300k × ₹182 / NZ$4.74)
Diagnostics	6.76 (NZ$1.76 M)	33.8%	Deck §5.2 — Revenue model, Diagnostics line
Training	4.16 (NZ$1.08 M)	20.7%	Deck §5.3 — Revenue model, Training line
Digital DSS	3.64 (NZ$0.95 M)	18.2%	Deck §5.4 — Revenue model, Digital DSS line
Total Stabilised Revenue	20.02 (NZ$5.21 M)	100%	Deck §5 — Revenue model summary (300k plants/yr basis)

Financial Returns

Conservative case — institutional-grade profile

Conservative projections with significant upside from export markets and technology licensing.

EBITDA Margin

28–32%

Deck ref:Deck §7.1 — Returns profile, EBITDA band

Internal Rate of Return

18–21%

Deck ref:Deck §7.2 — Returns profile, IRR band (conservative case)

Payback Period

6–7 yrs

Deck ref:Deck §7.3 — Returns profile, payback line

Strong institutional-grade investment profile — conservative projections with significant upside in export markets and technology licensing.