Molom was born in Davst Soum, Uvs Aimag in the family of herdsman, Bor-Khulgana and his wife, Tsend.

In 1951, he was sent to Uvs Aimag as a financial inspector at the Executive Committee of the Khural of People's Representatives for two years.

Molom enrolled in the Institute of Finance and Economics in Irkutsk, Russia (Baikal State University).

Molom made significant contributions to strengthening the finance and credit system for the planned socio-economic development of the country, including the formation of an effective financial accounting system and the development of progressive methods of financial reporting, billing and taxation.

[6] This strengthened the MNT exchange rate and stimulated the growth of the national foreign currency reserves.

[8] He advocated for the implementation of government decisions based on people's controllers' inspection reports.

Upon his initiative, an international agreement on the collection of air traffic navigation fees for the flight of foreign airlines over the territory of Mongolia was established.