Hello,
PMJI, your screenshot is -sort of- helpful, but it misses out on the part that is relevant, it is not complete, just a part of the whole process of starting up the vmtoolsd daemon.
It would need to be filtered on the HKLM\VMware Inc. subtree in order to give more details.
What would be even better is if you would save the startup process of vmtoolsd.exe as a user and attach the result to your reply here.
But I'll not reply today as I'm off to bed now.
--
Wil