An integrated optical modulator includes, in part, a pair of waveguides and an inductor. The first waveguide is adapted to receive an incoming optical signal. The second waveguide includes a portion placed in proximity of the first waveguide so as to enable the incoming optical signal travelling in the first waveguide to couple to the second waveguide. The second waveguide comprises a p-n junction. The inductor has a first terminal coupled to the p-n junction and a second terminal coupled to a contact pad. The second waveguide has a circular shape. The inductor optionally has a spiral shape.