kdump is failing to start on VMWare guest due to module errors

Issue

• Receiving failed message when starting the kdump service on RHEL VM that is hosted on VMWare ESXi:

# service kdump start
Detected change(s) the following file(s):

  /etc/kdump.conf
Rebuilding /boot/initrd-2.6.32-358.11.1.el6.x86_64kdump.img
No module vmmemctl found for kernel 2.6.32-358.11.1.el6.x86_64, aborting.
Failed to run mkdumprd
Starting kdump:                                            [FAILED]

• Another system with the same kernel module configuration starts the service fine.
• Crash kernel image can not be created because of missing vmmemctl module