The power supply designers choose flyback topology due to its promising features of design simplicity, cost effectiveness and multiple outputs handling capability. The designed product based on flyback topology should be smaller in size, cost effective and energy efficient. Similarly, designers focus on reducing the circuit losses while operating at high frequencies that affect the converter efficiency and performance. Based on the above circumstances, an energy efficient open loop high frequency flyback converter is designed and operated in MHz frequency region using step down multilayer PCB planar transformer. The maximum efficiency of 84.75% is observed and maximum output power level reached is 22.8W. To overcome the switching losses, quasi-resonant soft switching technique is adopted and a high voltage CoolMOS power transistor is used.