Here is the correct answer. I found . You need to install Citrix DNE software. from the link below after installing cisco VPN software vpnclient-winx64-msi-5.0.07.0440-k9. This is required component of Cisco VPN and detailed instructions are on the citrix website.
Make sure download the correct version for 64 or 32 bit.
http://www.citrix.com/go/lp/dne.html
Following is the link where I found the correct solution and it worked like a charm.
Regards