I followed these steps given in this URL to get it rectified. :-D
A big thanks to "Doug_" I have edited the file as sudo user /usr/lib/vmware/webAccess/tomcat/apache-tomcat-6.0.16/conf/tomcat-users.xml
and added in these three lines.
Then restarted vmware with the command
$sudo /etc/init.d/vmware restart
Wola it started working once again.