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Grind gulkand with little milk to make a paste.
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Heat remaining milk in a wide pan.
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When it starts boiling, reduce the flame and let it simmer for 15-20 minutes till it is reduced to half the quantity. Keep scraping from the sides and stir well.
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Now add sugar and gulkand paste. Mix it well.
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Keep stirring and scraping from the sides till it starts thickening.
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Remove from flame, add rose essence and mix well.
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Transfer into serving bowls, garnish with crushed pistachios.
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Chill for an hour and serve.