Sathyanarayana of Godavari district was allegedly thrown out after a heated exchange when he refused to give money to the transgenders, they said.
His friend Dharam Veera jumped out to save Sathyanarayana and was injured, police said.
Both of them suffered head injuries.
Police said the two were travelling in the Alappuzha-bound Bokaro Steel City Express, en route to Coimbatore, when a quarrel broke out after the train left Samalpatti railway station in Krishnagiri district where a group of transgenders got into the train.
The transgenders allegedly thrashed them and then threw Sathayanarayana out of the train, police said.
On a complant from the passengers, police rushed the injured to the nearby Oothangarai government hospital.
The doctors declared Sathyanarayana brought dead while Veera was undergoing treatment.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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