I found this great tip to get VMware-Tool install, in fact the link mentioned that if we are running Xorg 7.2 or later, the driver for VMware is included natively and we just need to install VMware-Guestd. Here's the link -
The tip works great if you have installed HeX in your VMware workstation. After VMware-Guestd is installed, what we need is just the editing the section below in /etc/X11/xorg.conf -
By default it is vesa, just change it and restart X will do.