Pour the milk in a deep bottom vessel or a kadai.
Turn the heat on high flame till the milk comes to a boil.
As it starts to boil reduce the flame to medium and add saffron (kesar) and stir it well.
Add sliced dry fruits - pistachio, cashews and almonds and mix well with the mixture.
You can see that the basundi mixture has started to thicken.
Also scrape the milk cream and solids from the side of the pan and add back to the mixture.
keep stirring on low flame - see that the mixture does not get burnt from bottom.
Once the mixture has thickened and is half its quantity, add milk powder for more taste, elachi powder and sugar.
Mix all the ingredients well.
Keep stirring for about 5-7 minutes on low flame.
Basundi is now ready - turn off the flame and remove it in a serving bowl
Garnish it with some dry fruits - You can serve hot or cold.