Retriving the COM class factory for component with CLSID failed

Problem :

I have been working on developing Windows Services for one of the ArcGIS application which use .NET Remoting and ArcObjects. Its been working fine until I am testing on my local machine. As soon as I installed on server it started throwing below error.

{Retrieving the COM class factory for component with CLSID {16AA0B9E-79AC-43B5-86CA-AB961FBEED5F} failed due to the following error: 80040154. }

It was throwing the exception, the place where I was initialising ArcGIS product.

Solution :

After a lot efforts, I found that I was trying to use 32 bit resource on 64 bit machine which was give that error. In such case, go to Project --> Properties -- > select build section. Change the platform target from "Any CPU" to "x86" and compile the project and install it to server and it should work now.