Upon the death of his father, Ibrahim Muhammad Yakut Khan I, in 1853, he succeeded him as the Nawab of Sachin.[1][2] Owing to his father's extravagance, the administration of the state of Sachin was transferred to the British Government in 1829.[2] Upon his accession, he continued repaying the debt, and by 1859, when it had fallen to £78,581, the attachment was withdrawn.[2] As the revenue had declined to £7,891, the Government agreed to hand over the entire state to him, on the condition that he pay, each year before 1 June, a sum of £3,500 until the outstanding amount of £54,242 was fully cleared.[2] The East India Company had offered to purchase Dumas and its dependencies to ease the Nawab’s financial condition and to liquidate his father’s debts, but he declined.[1] The Company then offered him an advance of Rs 2.5 lakhs against the villages of Dumas and Bhimpore provided he agreed to transfer these villages to them for a period of 20 years.[1] However, he did not accept the offer.[1] The state was restored to him in 1864.[3]
He died in 1868 and was succeeded by his son Ibrahim Muhammad Yakut Khan II.[2][3]