I noticed that the jre folder inside the Program Files is empty may be because of the some software update. so had to download the jre, unzip it and then place it inside the same path as mentioned in the AnypointStudio.ini
-startup plugins/org.eclipse.equinox.launcher_1.3.100.v20150511-1540.jar
--launcher.library plugins/org.eclipse.equinox.launcher.win32.win32.x86_64_1.1.300.v20150602-1417
-vm C:\Program Files\Java\jre1.8.0_121\bin\javaw.exe
-vmargs
-Xms512m
-Xmx1024m
-XX:MaxPermSize=512m
-Dosgi.instance.area.default=@user.home/AnypointStudio/workspace
-Dhttps.protocols=TLSv1,TLSv1.1,TLSv1.2