Mash the Paneer with the palm of a hand or blend in a blender until smooth and creamy.
In a heavy bottom pan, over a medium flame add 1 teaspoon of ghee.
Add mashed paneer and cook for 2-3 minutes.
Add Milk Powder and condensed milk, mix them well and cook over medium flame while stirring constantly.
Now, Add condensed milk, mix them well and cook over medium flame while stirring constantly. Finally, add cardamom powder and mix thoroughly.
Cook the mixture on medium heat, by stirring continuously until the mixture starts leaving the sides of the frying pan and becomes like dough.
This should take about 8 minutes (depending on the type of pan, amount of heat and quantity of the mixture).
Remove from heat and mix it well. Transfer the Paneer to a Plate and let it cool off until the paneer becomes just lukewarm. Allow it to cool for 3 –4 minutes. Now the mixture is ready to make a pedas out of it.
Peda balls
Once you are able to handle the mixture, grease your palm with a little ghee and knead it like a dough 2-3 times to make it smooth.
Now the mixture is ready to make a Peda out of it. Divide the dough into equal portions and roll them into balls.
Take a small amount of mixture in your palm, shape it into desired-sized round balls, and press at centre serve.
Finally, garnish with pista slivers.
Our, malai Peda is ready to serve.