22-year-old Praful's body was found on the track near Malad in Mumbai suburbs.
The Railway police told news agencies that they received a call at 4.30 am saying a person has been found lying on the track.
Praful was taken to the hospital where he was declared dead. The mishap took place when Bhalerao was on his way to Goregaon from Malad in the western suburbs, a police official said.
The Borivali Railway Government Police told news agencies that the actor was trying to board a fast moving train at platform number two in Malad station; he may have slipped and fallen on the track and injured his head.
Praful's body was sent for post-mortem and a case of accidental death has been registered said police, though they are investigating further.
Reports say eyewitnesses described how Praful was leaning outside while the train gained speed after leaving the platform.