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Aditya Sharma, shot himself in the head with a pistol at his home in Indore on Thursday, leaving behind a suicide note in which he wrote that he only wanted to live till the age of 30
His fiancée is undergoing treatment at a city hospital and her condition is said to be critical.
The family members were busy preparing for the wedding function when the youth was found hanging.
The incident took place on Friday after the girls bunked the class of their school in Ashta town of Sehore district, and reached Indore, more than 100 kms away, in a bus to meet the boyfriend of one of the deceased girls as he had stopped taking her calls.
Police found a suicide note stating the head of the family was unable to repay the loan he had taken from a company through online mode, an official said.