Take paneer, crumble it well with your hands, set aside.
Chop the pistachios.
In the mixer jar, add crumbled paneer, add condensed milk and saffron.
Grind it to a fine paste, it will be creamy but will have a slight coarse texture when you touch and see.
Now grease the pan with ghee. If you use nonstick pan then no need to grease.
Add the paste and start cooking in low flame. In few mins, it will start to thicken. Keep stirring continuously.
Keep cooking until it becomes thick, it will start to roll and get textured.
When it starts to leave the sides of the pan, add rose essence, cardamom powder and give a quick mix.
Pinch a tiny portion, roll and see if it forms a ball, then switch off.
It will not be completely dry, it will still be moist. Let it cool down for sometime.
When it is still warm, make small balls. It will be moist at this stage but will become firm after cooling down.
Roll each ball into the nuts mixture and arrange it in a plate.
Cool down and store Malai Ladoo in an airtight container.