Considering the importance of conjugated polymer nanoparticles, major emphasis has been given for designing and understandingt he energy transfer and charge transfer processes of organic-inorganic hybridsf or light harvesting applications.I nt he present study, we have designed an aqueous solution-based light harvesting system using conjugatedp olymer nanoparticles (poly[2-methoxy-5-(2-ethylhexyloxy)-1,4-phenylenevinylene],M EH-PPV) and Au nanoparticles. The change in photo-induced processes in the presence of metal nanoparticles are studied by steady-state absorption,t ime-resolved emission, time-resolved fluorescence up-conversion,u ltrafasta nisotropy and femtosecond transient absorption spectroscopy.G lobal and target analysis of transienta bsorption data validate the creation of ac ollective delocalized state in polymer nanoparticles, and the time scale for excitation energy funnelling from S 1 state to low lying collective delocalized state (CL s )i s1 8ps. Then, the electron transfer from the CL s state to Au NP occurs with a time constant of 150 ps. The 815 ps long lived charget ransfer (CT) state signifies the charget ransfer from the CL s state of polymer nanoparticles to Au NP.S uch basic understanding of relaxationp rocesses in hybrid systems is very important for designing inorganic-organic hybrid light-harvesting systems.