The incident took place at Purana Kila area last night when a group of youths, popularly known as 'Govindas' were trying to break the 'dahi handi' hanging from a tree, police said today.
The event had been oganised by a local organisation and had announced an award of Rs 1,000 to the winner.
The deceased, identified as Dheeraj Batham, was at the top of the pyramid and when he was trying to break the 'dahi handi', he fell down in the process and suffered serious head injuries, police said.
He was rushed to a nearby hospital, where doctors declared him brought dead, they said adding a case has been registered in this regard.