Bhakti Agung Propertindo

What Bhakti Agung Propertindo does

Bhakti Agung Propertindo is an Indonesian publicly listed property development company headquartered in Tangerang and traded on the Indonesia Stock Exchange under the ticker BAPI. The company was founded in 2012 and, per the available firmographic data, operates with a very small headcount of 1–10 employees. The corporate website (bhaktiagung.com) returned only a loading/verification page in the data capture, so there is no first-party content describing specific developments, geographic focus, product mix, target customer segments, or pipeline.

The company's reported financials point to a sharply deteriorating operating profile. Revenue peaked in 2022 and has declined every subsequent year, with 2025 revenue at roughly one-eighth of the 2022 level. Gross profit has compressed in absolute terms each year, and EBITDA has been deeply negative across 2021, 2023, 2024, and 2025, with the 2025 EBITDA loss exceeding IDR 164 billion. Net loss widened materially in 2024 and again in 2025, suggesting operating cash burn that is not being offset by scale or margin recovery.

The business model — generating revenue through the development and sale/liquidation of property assets — appears asset-cycle dependent and exposed to Indonesia's broader property market conditions, though the input does not specify project types (residential, commercial, industrial, mixed-use), locations, or buyer profiles. No information is available on land bank, contracted backlog, joint venture partners, or pricing. With documented revenue in the IDR tens of billions range against a heavily negative net result, the company is in a financially distressed state, and the lack of disclosed strategic actions, capital raises, or restructuring steps in the input data leaves the forward path unclear.

Name

Bhakti Agung Propertindo

Website

https://bhaktiagung.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Bhakti Agung Propertindo is an Indonesian publicly listed (IDX: BAPI) property development company headquartered in Tangerang, operating with 1–10 employees and currently exhibiting sharply declining revenue and deepening net losses.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Property development
• Real estate projects
• Residential development
• Commercial property
• Land development

Headquarters

HQ city

Tangerang

HQ country

Indonesia

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Core offering

Bhakti Agung Propertindo is a property development company based in Tangerang, Indonesia, engaged in developing real estate projects. Founded in 2012 and publicly listed on the Indonesia Stock Exchange (IDX:BAPI), the company operates with a small workforce and focuses on building and selling developed property in the Indonesian market.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Direct peers

• PT Jaya Real Property: IDX-listed property developer operating in Greater Jakarta with residential and commercial projects. Directly comparable as a fellow Indonesian public property developer of similar mid-cap scale.
• PT Agung Podomoro Land: Indonesian publicly-listed property developer focused on residential and commercial developments in Greater Jakarta. Comparable in geography, listing venue (IDX), and product mix to Bhakti Agung Propertindo, with a notably larger portfolio.
• PT Alam Sutera Realty: Indonesian listed property developer with township and mixed-use developments in Tangerang corridor — same geographic market as Bhakti Agung Propertindo, making it a strong direct peer.
• PT Intiland Development: Indonesian publicly-listed mid-cap property developer focused on residential and mixed-use projects in Greater Jakarta. Similar size, listing, and product focus to Bhakti Agung Propertindo.
• PT Metropolitan Development (Metropolitan): IDX-listed Indonesian property developer active in residential and commercial segments in Greater Jakarta. Comparable in scale, listing, and target market.
• PT PP Properti: IDX-listed Indonesian property developer with residential and commercial projects nationally. Comparable as a fellow mid-sized public Indonesian developer navigating the current market downturn.

Regional players

• PT Bekasi Fajar Industrial Estate: IDX-listed Indonesian industrial estate developer operating in the Greater Jakarta region. Comparable as a fellow small-to-mid-cap Indonesian listed property entity with a focus on land development.
• PT Sentul City: Indonesian listed property developer with a large land bank in the Bogor/Sentul area near Jakarta. Comparable as a land-bank-heavy Indonesian public developer, though in a different micro-market.

Broad incumbents

• PT Lippo Karawaci: One of Indonesia's largest diversified property developers, listed on IDX. Larger scale but operates in adjacent segments (township, residential, retail), providing a benchmark for Indonesian listed property valuations.
• PT Ciputra Development: Large IDX-listed Indonesian developer with broad residential, commercial, and healthcare property operations. A broad incumbent providing market context for smaller listed developers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/bakti-agung-propertindo

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bhakti Agung Propertindo