Multilevel inverters (MLIs) generating high-quality voltage waveforms are playing a significant role in renewable energy applications. However, the requirement of higher number of power devices, complex pulse-width-modulation (PWM) and voltage unbalancing issues are the impediments associated with their direct usage. Consequently, several attempts to devise MLIs with lesser number of overall components are witnessed. This study focuses on developing a nine-level inverter comprising of a single transformer and reduced component count. An optimisation of the number of transformers and their turn's ratio for a given number of voltage levels resulting in the least number of switches is investigated and deliberated in detail. Besides, an uncomplicated logic gate-based PWM strategy is developed for generating the gating signals of switches using simple Boolean logic relations. A detailed comparison with other recommended MLI topologies is presented to highlight the notable features of the proposed topology. Simulation results obtained using the model developed in MATLAB/Simulink along with the experimental measurements obtained from a downscale prototype is presented to validate the practicability, effectiveness, and viability of the proposed topology. An explicit agreement among the simulation and experimental results is observed.