Mr Wodeyar, 60, had the heart attack at his Bangalore home and efforts to revive him at a city hospital were not successful.
He was a former Congress MP from the Mysore constituency and also a fashion designer.
The son of the late Maharaja Jayachamarajendra Wodeyar, Srikantadatta was never officially a Maharaja, but many people in Mysore thought of him as one. He was a central figure in Mysore's celebration of Dasara and had participated in the festival in October this year.
Mr Wodeyar's wife Pramoda Devi Avaru is from the Bettada Kote Ursu family of the former princely state of Mysore. They have no children.
One of the richest scions of a royal family in the country, Mr Wodeyar had declared assets worth over Rs.1500 crore in the 2004 Lok Sabha polls. He owned large properties including the famous Mysore and Bangalore palaces.
A man of many passions, Mr Wodeyar was known among other things for his fetish for luxury cars and watches. All his cars bore registration number 1953, the year he was born.
Mr Wodeyar played university level cricket and maintained his links with the game. He was elected president of the Karnataka Cricket Association last month.
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